Nex Metals Explorations Ltd
Nex Metals Explorations Ltd is an Australian mining company, engages in the exploration and mining of mineral properties in Australia.
The company primarily explores for gold, copper, and nickel.
It holds interests in the Kookynie gold project comprising 44 tenements with a land holding of approximately 70 square kilometers located 50 kilometers south of Leonora; and the Yundamindera gold project comprising 9 granted mining leases covering 46.2 square kilometers located approximately 65 kilometers southeast of Leonora in Western Australia.
The company was incorporated in 2007 and is headquartered in East Perth, Australia.
Kookynie Gold Project
Kookynie Gold Project is located 200 km north of Kalgoorlie and 50 km south of Leonora on the main gold trend.
The project covers all historical mining activity and established historical estimates, delineated by Sons of Gwalia and Resource Evaluation Pty Ltd among others, within the gold field.
A total of 12 historical gold estimates provide a 424,600 ounce gold endowment with most requiring minimal work to upgrade them to JORC compliant status.
The Kookynie Gold Project is situated within the North Coolgardie Mineral field covering the Keith-Kilkenny Tectonic Zone (KKTZ). In the Kookynie district this zone presents as a wedge shaped area of predominantly mafic-ultramafic igneous and metasedimentary rocks. These rocks further along strike host many significant gold deposits the largest of which is the Sons of Gwalia goldmine.
Yundamindera Gold Project
Nex Metals has signed an agreement to earn a 70% managing interest in the Yundamindera Gold Project from Saracen Gold Mines Pty Ltd, a 100% owned subsidiary of Saracen Mineral Holdings Ltd. 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 project comprises 9 granted mining leases covering 46.2 km² with wide spread gold mineralisation present.
The Yundamindera gold mining centre is located approximately 65km southeast of Leonora and 45km north-east of the township of Kookynie, within the North-eastern Goldfields of Western Australia.
Gold was discovered at Yundamindera prior to 1899 and Maitland described the mines of the area as mining auriferous quartz reefs hosted in granites.