Tillkännagivande • Jun 16
Nelson Resources Limited Commences Underground Rehabilitation At Great Western Mine Within Gold Point Project Nelson Resources Limited had commenced underground rehabilitation at the historic Great Western Mine, within the Company’s high-grade Gold Point Gold-Silver Project in Nevada, USA. Great Western is the second historic mine at Gold Point to be advanced under Nelson’s staged underground rehabilitation and exploration strategy, following the successful rehabilitation of the upper levels of the Orleans Mine. Rehabilitation at Orleans restored access to key underground positions, enabled drill platforms to be established and provided the Company with a practical framework for advancing other historic mine areas at Gold Point. The commencement of works at Great Western marks a broader step forward in Nelson’s underground exploration strategy. The Company is now moving from an initial single-mine focus at Orleans toward a systematic, multi-mine approach across the broader Gold Point underground network. Great Western forms part of the broader high-grade gold-silver vein system at Gold Point, where more than 5km of historic underground workings have been developed across five historic mines and where at least 75,000oz of gold was reportedly produced at grades of 20–30g/t Au. Nelson’s objective is to progressively rehabilitate priority access points, complete underground mapping and sampling, integrate survey data into its mine-scale 3D model and identify drill-ready targets from underground positions. Rehabilitation at the Great Western Mine has commenced as part of Nelson’s staged plan to progressively reopen priority underground access points across the Gold Point Project. Great Western is one of the five historic mines within the Gold Point Project and represents the next priority access area in Nelson’s broader underground exploration strategy. Historical records indicate that silver production commenced at Great Western Mine in 1907, with the Orleans Mine discovered in 1908 and later becoming the district’s primary gold-silver producer. Recent surface sampling has also indicated exceptional results further supporting the Company's decision to immediately prioritize rehabilitation of the Great Western Mine in its exploration and development schedule. The program is expected to follow the same practical workflow established at Orleans: stabilise and rehabilitate priority underground access; assess ground conditions and safe working areas; undertake geological and structural mapping; complete underground sampling where appropriate; undertake LiDAR or other underground survey work where access permits; integrate observations and sampling into Nelson’s 3D geological model; and define priority targets for future underground drill testing. This approach is designed to convert historic underground infrastructure into a modern exploration platform. Rather than relying solely on surface drilling, Nelson is aiming to use the historical workings to access mineralised structures directly, collect higher-quality geological information and identify targets that can be tested from more favourable underground positions. The Company previously advised that, following rehabilitation at Orleans, it intended to apply the same staged approach at Great Western, including stabilising access, underground mapping and sampling, LiDAR surveying where appropriate, and developing drill-ready targets from existing underground infrastructure. Great Western Mine now provides Nelson with the opportunity to extend that model to a second high-priority historic mine area. Nelson’s Gold Point strategy is built around the unique advantage of extensive historical underground access within a consolidated high-grade district. The Project includes more than 5km of underground workings across five historic mines, providing direct access to remnant mineralisation and supporting an exploration strategy that combines underground mapping, sampling, LiDAR, geophysics and drill targeting with broader district-scale surface exploration. At Orleans, rehabilitation restored access to key underground positions and allowed Nelson to successfully commence Phase 1 of the maiden underground drilling program. The Company is now applying that experience to the Great Western Mine, with the aim of building a repeatable workflow across multiple historic mine areas. Nelson’s broader exploration objective is to leverage this exceptional opportunity to promptly and cost-effectively: better-define the scale of mineralisation within the immediate Orleans and Great Western mine environments; use that information to test adjacent and parallel-trending historic mines, including those at Lime Point, Grand Central and Cook; integrate underground mapping, sampling and survey data into a mine-scale 3D structural and lithogeochemical model; and combine mine-scale data with surface mapping and sampling to guide the next phase of drilling with a view to resource definition and broader district-scale target testing. Underground rehabilitation is a key part of Nelson’s exploration strategy because it allows the Company to work closer to the vein systems that were historically mined, and evaluate and test them more expediently than with a traditional surface drilling strategy. As demonstrated at Orleans, Nelson expects the following advantages of replicating the underground exploration strategy at the Great Western Mine. Underground Exploration Advantages: Shorter drill holes: Underground positions can place drill collars closer to the target than surface locations, reducing required drill metres. Better drill angles: Existing underground access allows holes to be drilled from more favourable positions relative to the vein geometry. Greater targeting precision: Drill planning can be guided by underground mapping, recent chip sampling, historic stope positions and survey information. Lower expected drilling cost: Reduced drill metres and improved access are expected to materially lower cost compared with a surface-only program. Reduced surface disturbance: Drilling from existing underground workings minimises surface access and pad requirements. Work at the Great Western Mine will proceed alongside ongoing exploration and drilling activities at Orleans. The Company expects the combined datasets from both mines to progressively improve its understanding of the broader Gold Point vein system and support future drill targeting across the district. Nelson’s near-term work program at Great Western is focused on: continuing rehabilitation and stabilisation of priority underground areas; completing LiDAR and underground geological and structural mapping; integrating Great Western data with the Orleans underground model; assessing potential underground drilling positions and developing drill platforms in optimal sites adjacent to historic stope positions; and ranking Great Western targets for future drill testing. New Risk • Dec 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.4k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.19m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Tillkännagivande • Dec 12
Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 541,666,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 25
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.01 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (improved from AU$0.01 loss in FY 2024). Net loss: AU$838.6k (loss narrowed 87% from FY 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 19
Nelson Resources Limited, Annual General Meeting, Nov 26, 2025 Nelson Resources Limited, Annual General Meeting, Nov 26, 2025. Reported Earnings • Mar 18
First half 2025 earnings released: EPS: AU$0 (vs AU$0.003 loss in 1H 2024) First half 2025 results: EPS: AU$0 (improved from AU$0.003 loss in 1H 2024). Net loss: AU$301.7k (loss narrowed 82% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. 