Nex Metals Exploration (NME)

Shares / Stock Code

NME

Stock Exchange / Sharemarket

Australian Securities Exchange

Nex Metals Explorations Ltd (NME) successfully listed on the ASX on Dec 6, 2007 after its IPO closed oversubscribed and raising $6,000,000. Nex Metals has combined an exciting tenement package and a board of motivated and successful professionals who bring to the Company both local and international experience in mining, exploration, mining law and finance. This strong and experienced team has a two pronged focus on growth by managing efficient exploration on a highly prospective domestic portfolio whilst utilizing high level international connections to acquire valuable projects.

Nex Metals Explorations since listing has expanded the initial tenement package which was assembled by Mr. Royce William Allen ("R W Allen"), a renowned Kalgoorlie identity and Prospector of the Year for 2005. Since listing Nex has focused on securing significant additional data on its projects to plan and instigate drilling programs.The Nex Metals 3 Phase Plan for Growth

100% Kookynie Gold Project combined with the neighbouring, earning 70% Yundamindera Gold Project, provide Nex Metals and Explorations Ltd. an opportunity to capitalise on the historically high gold price and fast track development from Junior Explorer to Gold Producer with longevity of gold inventory.

Nex Metals also has a large portion of under explored highly desirable Kookynie goldfields pegged with long lasting granted leases that have great potential for additional discoveries.Kookynie district - prime goldfields real estate - located approximately 200 kilometres north of Kalgoorlie on the bitumised Goldfields Highway.

The Company plans a rapid 3 phase expansion, termed the "Three Phase Plan for Growth" for short, medium and long term growth - Let our Technical Director Edd Prumm talk to you about our plan. On November 4 Nex announced a JORC compliant resource estimate of 12.3 Mt @ 1.1 g/t Au for 432,000 Ounces of gold at the Kookynie Gold Project

Nex Metals Explorations' other projects located in Australia include Kalgoorlie West Project, Euro Project, Randalls Project, Collurabbie Project, Kookynie East Project, Lake Julia Project, Depot Hill, Norseman and Nambi. In June 2009, the Company acquired Kookynie Gold Project from FMR investments.

Nex Metals Exploration (NME) Products and Services

  • Gold, nickel base metals exploration.

Nex Metals Exploration (NME) Locations and Subsidiaries

Nex Metals Exploration Head Office
Unit 2, 42 Terrace Road, EAST PERTH,
WA, AUSTRALIA, 6004
Phone: 08 9221 6813
Fax: 08 9221 3091

Nex Metals Exploration (NME) Share Price

Submitted by ASX Listed Company on 14 May, 2010 - 16:39

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