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Norwest Minerals Limited (ASX:NWM)
ALERT: Price-sensitive ASX Announcement for NWM
Current share price for NWM : $0.008 -0.017 (-68%)+
Announcement
Release
17 Feb 2026 9:14AM
Price at Release
$0.025
Full Release
Summary
Norwest Minerals Limited has announced the results of its Phase 2 Reverse Circulation (RC) drilling program at the Bulgera Gold Project. The drilling targeted downdip extensions and infill zones within the existing Mineral Resource Estimate area, focusing on the Price-Mercuri gold lodes. This phase confirmed the continuity of gold mineralization at depth, with noteworthy intercepts such as 5 meters at 3.9g/t Au from 238m in Hole 25018. The results bolster confidence for the upcoming Mineral Resource Estimate update. The geological consistency observed across phases suggests potential conversion to Indicated Resources by 2026. Next steps include updating the Mineral Resource Estimate and conducting metallurgical testing to finalize heap leach operation parameters.
Key Points
- Phase 2 RC drilling confirms continuity of gold mineralization at depth.
- Notable intercept: 5m @ 3.9g/t Au from 238m in Hole 25018.
- Geological consistency across drilling phases supports potential resource conversion.
- Updated Mineral Resource Estimate expected in late Q1 2026.
- Metallurgical testing underway for heap leach operation parameters.
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.
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