Norwest Minerals Ltd.
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USD
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(+18.18%)
ISIN
AU0000025280
Return %
Stock
S&P 500
1Y
-67.50
14.20
3Y
-93.26
81.12
5Y
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68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Charles Craig Schaus
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Ground Floor West Perth WA Australia 6000
- IPO Date
- Nov 27, 2018
- Website
- norwestminerals.com.au
- Similar Companies
- Business
- Norwest Minerals Limited (ASX:NWM) is an Australia-based mineral exploration company focused on highly prospective assets in Western Australia, including rare earth elements, copper, gold, base metals, nickel, lithium and titanium. The company holds 100% interests in its key projects: Bulgera Gold Project, located 200 kilometers north of Meekatharra with a JORC Mineral Resource Estimate of 8.4 million tonnes grading 1.07 grams per tonne gold for 288,400 ounces; Marymia East Project, covering 230 square kilometers 10 kilometers southeast of Bulgera and prospective for gold and base metals along the Jenkins fault; Arunta West Project, 600 kilometers west of Alice Springs targeting rare earth elements, lithium, iron oxide copper-gold, silver, base metals and titanium with recent discoveries at Dale's Gossan and Malibu prospects; Bali Copper Project, 75 kilometers west of Paraburdoo featuring an 8-kilometer shear zone with high-grade copper-gold veins; and Marriott Nickel Project near Leinster with a JORC resource of 584,000 tonnes grading 1.18% nickel for 6,900 tonnes contained nickel. Norwest Minerals targets near-term gold cashflow opportunities at Bulgera leveraging proximity to the Plutonic Gold Mine, while advancing exploration drilling and geophysical surveys across its portfolio. Founded in 2017 and headquartered in West Perth, Western Australia, the company recently expanded its West Arunta holdings through the 2024 acquisition of Four West Aruna tenements from Amery Holdings for cash, shares and options; announced base metal and titanium discoveries at Arunta West in late 2024 and early 2025 respectively; identified 31 niobium-rare earth targets via geophysical interpretation; and continues seeking partners for Marriott nickel development.