Nex Metals Explorations Ltd

Glossary of Terms

EL, Exploration Licence
A tenement which allows exploration for minerals but does not allow mining.
ML, Mining Licence
A tenement which allows mining.
PL, Prospecting Licence
A small area where extract or disturb up to 500 tonnes of material from the ground.
The concentration of metals and their compounds in rocks, and the processes involved therein.
Relates to potential of an area to host economic minerals.
Regional Structure
A feature such as a fault, lineament, shear zone or fold which is significant to the geology on a regional scale. Often significant to location of mineralisation.
Volcanogenic Massive Sulphide prospective for copper, lead, zinc, gold, silver.