Latest Nelson Resources (ASX:NES) News

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.

Gold and specialty minerals names drove the week’s biggest moves as drilling hits, resource upgrades and funding deals pulled buyers into small and mid-cap materials stocks. Lithium and uranium names were more uneven, with some companies raising money for growth while others fell on dilution worries or project delays.

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.

Nelson Resources has expanded its footprint at Gold Point, Nevada, confirming multiple high-grade gold-silver mineralisation styles and staking additional claims ahead of its maiden underground drilling program.

Nelson Resources has expanded its footprint at the Gold Point Project with new high-grade gold-silver veins and prepared for maiden drilling, while unlocking significant development potential at Yarri through mining lease grants and a $10 million funding deal.

Nelson Resources has initiated rehabilitation at the Orleans Mine within its Gold Point Project, setting the stage for a maiden underground drilling campaign in Q3 2026 aimed at unlocking high-grade gold-silver veins.

Nelson Resources has obtained key mining leases at its Yarri Gold Project, unlocking expansion potential in high-grade zones and securing up to A$10 million in funding from MEGA Resources to fast-track development.

Drilling wins, funding deals and takeover activity drove a busy week in materials stocks. Big moves came from early-stage explorers, while larger producers won support with cash flow, mine life and deal-making.

Nelson Resources has secured a Native Title and Mining Agreement with the Nyalpa Pirniku People, clearing a key hurdle for mining leases at the Yarri Gold Project near Kalgoorlie. MEGA Resources will fully fund up to A$10 million in initial development, accelerating the project towards a mining decision.

Nelson Resources has initiated advanced geophysical surveys at its Gold Point Project in Nevada, aiming to unlock extensions of historically rich gold and silver veins ahead of maiden drilling in Q2 2026.

Nelson Resources has identified high-grade gold and silver mineralisation in intrusion-hosted veins at its Gold Point Project in Nevada, with rock chip samples reaching up to 15.1g/t gold. The discovery expands the known mineralised footprint and sets the stage for maiden drilling in Q2 2026.