Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES

Current share price for NES : $0.003 -0.003 (-50%)⁺

Announcement

Program of Work Approved for the Yarri Gold Project

Release

1 Dec 2025 3:16PM

Price at Release

$0.006

Full Release

Summary

Nelson Resources Limited announced that the Program of Work for 230 holes and an 11,544-meter RC drilling program at the Yarri Gold Project has been approved by the Department of Mines, Petroleum and Exploration. MEGA Resources will fully fund up to $10 million for the drilling and operations under a Right to Mine Agreement, and handle all necessary project permitting and approvals. The drilling is designed to expand upon historical high-grade gold intercepts and build on previous findings. The company is in the final stages of contractor selection, with drilling set to commence following contractor mobilization.

Key Points

Program of Work for 230-hole, 11,544m RC drill program approved.
Drilling to build on historical high-grade gold intercepts.
MEGA Resources to fully fund up to $10 million in operations.
Final stages of selecting a drilling contractor underway.
Drilling to commence immediately following contractor mobilization.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.