Latest Nelson Resources (ASX:NES) News

Nelson Resources has appointed Nevada Rand LLC to lead the next phase of underground diamond drilling at its Gold Point Project in Nevada, targeting high-grade vein extensions beyond historic workings.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.

Nelson Resources has kicked off its maiden underground drilling at the historic Orleans Mine in Nevada, aiming to unlock high-grade gold-silver veins with improved precision and lower costs.

Battery tech, biotech and balance-sheet repair drove the biggest gains this week, while guidance cuts and weak post-halt trading hurt several names. Deal-making and fresh equity funding stayed busy, especially in rare earths, defence and gold.

Coal, gold and critical minerals names drove the biggest share moves this week, but strong project news did not always lead to lasting gains. Several stocks jumped on funding, deals and study results, while others gave back early gains as traders locked in profit or worried about dilution.

Nelson Resources has begun mobilising drilling crews for its maiden underground program at the high-grade Orleans Mine in Nevada, leveraging restored underground access to enhance targeting precision and reduce costs.

Nelson Resources has kicked off reconnaissance exploration at its newly staked Cinnamon Tungsten Property in Nevada, aiming to leverage its proximity to Guardian Metal's US Department of Defense-backed Pilot Mountain Project.

Nelson Resources has staked 186 federal claims forming the Cinnamon Property in Nevada, directly adjoining Guardian Metal's Pilot Mountain tungsten project, positioning itself in a critical US mineral district amid soaring tungsten prices and supply concerns.

Capital raisings, resource updates and Medicare news drove the week’s biggest share moves. The sharpest gains came from silver and tungsten juniors, while the heaviest fall came from a deeply discounted equity raising.

Nelson Resources has staked 186 claims forming the Cinnamon Property in Nevada, next to Guardian Metal's Pilot Mountain tungsten project, positioning itself in a strategic US critical minerals district amid soaring tungsten prices and supply concerns.

Nelson Resources has completed underground rehabilitation at the historic Orleans Mine in Nevada, setting the stage for its maiden underground drilling program targeting high-grade gold-silver veins.