InvestSMART

Sierra Nevada Gold Inc. (ASX:SNX)

ALERT: Price-sensitive ASX Announcement for SNX
Current share price for SNX : $0.076 0.029 (61.70%)+
Announcement
Release
14 Oct 2025 9:50AM
Price at Release
$0.047
Full Release
download
Summary
Sierra Nevada Gold Inc. (SNX) provided updates on their ongoing projects in Saudi Arabia and Nevada. In Saudi Arabia, SNX is participating in a bidding process for gold and copper exploration blocks, with results expected soon. This initiative aims to leverage their extensive geological and development expertise. In Nevada, SNX received a Mining Permit for the New Pass Mine and plans to proceed with a test mining program pending operational permits. They also completed a field exploration at the Warrior Project to commence drilling. SNX announced a successful share placement to raise funds for these developments across their projects.
Key Points
  • SNX is in a bidding process for exploration blocks in the Kingdom of Saudi Arabia.
  • Round 9 of the auction for gold and copper exploration blocks is nearing completion.
  • SNX received a Mining Permit for the New Pass Mine in Nevada.
  • Test mining program at New Pass to proceed pending final permits.
  • Field exploration at Warrior Project completed, preparing for drilling.
  • SNX raised A$9.65 million through a share placement to fund projects.
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.