Recent Highlights

Nex Metals Explorations Ltd is pleased to announce that negotiations have been finalised with FMR Investments to acquire 100% of the Kookynie Gold Project. Nex will gain 100% ownership of the project’s 44 tenements in return for the issue of 7.8 million shares (tradeable after 6 months) and payment of $150,000 on settlement and assumption of the standard environmental bonds. The Nex board believe that the Kookynie Gold Project, combined with the neighbouring Yundamindera Gold Project, provide the company 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. With this purchase, Nex has historical gold estimates exceeding 424,000 ounces of gold at the Kookynie Gold Project
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This is additional to the Yundarminera Gold Project which Nex Metals has signed an agreement to earn a 70% managing interest in the Yundamindera Gold Project. Under the terms of the agreement Nex can earn the 70% interest by spending $1.5M on the mining tenements within a 3 year time frame. The company can spend the entry money on completing a detailed scoping study and potentially setting up and fast tracking a small and highly profitable goldmine with abundant potential for additional discoveries.
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