Nelson Resources Ltd.
AASX:NES0.00
AUD
0.00
(0.00%)
Nelson Resources Ltd.
ASX:NES
(Australian Securities Exchange)
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yld
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ROIC.AI
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- Nelson Resources Limited (ASX:NES) is an ASX-listed gold exploration company focused on discovering and developing high-potential gold deposits in Western Australia. The company holds a portfolio of 1,641 square kilometers of wholly owned gold projects, including its flagship 1,185 square kilometer Woodline Project located at the boundary between the Proterozoic Albany-Fraser Orogen and the Archean Yilgarn Craton, 170 kilometers southeast of Kalgoorlie; the 21 square kilometer Fortnum Project, 14 kilometers southwest of the Fortnum Gold Mining Centre in the Peak Hills mineral field with identified gold geochemical anomalies; the 105 square kilometer Tempest Project, 250 kilometers east-southeast of Kalgoorlie on the eastern boundary of the IGO/Rumble Resources Thunderstorm Joint Venture; and the Yarri Project comprising three prospect licenses (Wallaby, Great Banjo, and Gibberts), 160 kilometers northeast of Kalgoorlie and 40 kilometers north of Saracen Minerals' Carosue Dam Operations. Nelson Resources conducts exploration activities such as drilling, geochemical sampling, and geological mapping to delineate gold mineralization across these tenements in the prolific Western Australian goldfields, targeting junior miners and investors seeking exposure to early-stage gold discoveries. Founded in 2007 and headquartered at 33 Ord Street, West Perth, the company formerly operated as Mongolian Resource Corporation Limited before changing its name in November 2016. Recent developments include a September 2025 Right to Mine Agreement with MEGA Resources for the Yarri Gold Project, under which MEGA fully funds $500,000 in initial exploration and up to $10 million in development capital repayable solely from revenues, providing mining, haulage, geological, engineering services, and project approvals in exchange for a 70/30 profit split favoring MEGA while requiring no upfront capital from Nelson; completion of a $2.25 million capital raise in October 2024 via placement of 1.5 billion shares at $0.0015 each to fund gold and base metal projects; Departmental approval in December 2025 for the Yarri Project program of work with drilling contracts nearing finalization; and appointment of Dr. Louis Bucci to the technical team.