Sign up Australia
Proactive Investors - Run By Investors For Investors

Nelson Resources admitted to the ASX following $5 million raising

Nelson is exploring the Woolshed Well gold project in Western Australia.
map of Western Australia
The company is planning to complete first pass soil sampling

Nelson Resources Ltd (ASX:NES) has been admitted to the ASX following an initial public offer (IPO) which raised $5 million at $0.20 per share.

The company’s shares will start trading on the ASX from Thursday, 7 December.

Nelson owns the Woolshed Well gold exploration project in Western Australia.

The project comprises four prospecting licences having a combined area of 795 hectares and is located 20 kilometres east of Leonora.

Nelson’s tenure covers prospective greenstone stratigraphy transected by a number of regional faults which are well regarded as fluid-pathways for gold mineralisation.

The company is planning to complete first pass reconnaissance and soil- geochemical sampling across the prospect area.

Nelson has also entered into an agreement to acquire gold exploration tenements comprising the Socrates Project, Wilga Project, Yarrie Project and Happy Jack Project in Western Australia.

A significant gold-in-soil anomaly has been defined at Socrates, which is a virgin gold discovery in what is considered to be part of southern extensions of the Kurnalpi Greenstone Terrane.

Wide-spaced reconnaissance drilling has returned some significant intercepts well worthy of follow-up and additional exploration.

Following the successful IPO, Nelson is planning on undertaking targeted exploration programs at its projects as well as continuing to assess new business development opportunities.

View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

September 20 2017
The Cello Health unit led the way as it grew organically and via the acquisition of Defined Health
Media junkie
February 14 2018
In modern parlance, Ebiquity is making a pivot towards becoming the "world's leading tech-enabled marketing and media analytics consultancy"
December 28 2017
Apparently, at some point in their lives every person in the UK will hold or touch a Lego brick - Parallel is building a business around the famous plastic bricks

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use