Highlights

  • Nelson Resources shares remained flat at AUD 0.0040 on 13 April 2026 despite a positive company’s update.
  • Company signed Native Title and Mining Agreement for Yarri Gold Project.
  • Agreement removes impediments to granting of mining leases.
  • Marks a major step toward project development readiness.
  • MEGA Resources to fund up to AUD 10 million for development and working capital.
  • Agreement includes royalty payments and community engagement commitments

Nelson Resources Ltd (ASX:NES) shares closed flat at AUD 0.0040 on 13 April 2026, showing no change for the session despite the release of a significant project update.

The lack of share price movement comes even as the company announced a key milestone for its Yarri Gold Project, suggesting a muted market response to what appears to be a positive development.

Nelson Resources Limited is an exploration and development company focused on advancing gold assets in Western Australia. Its flagship asset, the Yarri Gold Project, is located near Kalgoorlie and represents a central component of the company’s growth strategy.

The company is working toward progressing the project through development stages, supported by partnerships and regulatory approvals.

Native Title Agreement Marks Key Milestone

The company confirmed that it has signed a Native Title and Mining Agreement (NTA) with the Wangkatja Tjungula Aboriginal Corporation RNTBC (WTAC), representing the Nyalpa Pirniku People.

This agreement relates to land on which the Yarri Gold Project is located and follows a formal authorisation process involving Native Title holders.

The signing of the agreement represents a significant milestone, as it removes any objections to the granting of mining leases currently under application for the project.

Pathway Cleared for Mining Lease Approvals

A key outcome of the agreement is that it clears the pathway for the granting of mining leases, which are critical for advancing the project toward development.

By addressing Native Title considerations, the agreement ensures that the company can proceed with its planned activities on the project tenements.

This development moves the Yarri Gold Project closer to development readiness and supports the next stages of project progression.

Collaboration and Community Engagement Framework

The agreement reflects a collaborative approach between Nelson Resources and the Nyalpa Pirniku People, formalising discussions aimed at advancing the project in a mutually beneficial manner.

It includes provisions for compensation related to impacts on native title rights and interests, as well as commitments to protect cultural heritage and country.

Additionally, the agreement outlines opportunities for employment, training, and ongoing engagement with the local community, supporting social and professional development outcomes.

Funding Support Through MEGA Resources Partnership

The Yarri Gold Project is also supported by a Right to Mine Agreement with MEGA Resources.

Under this arrangement, MEGA will provide up to AUD 10 million in funding for initial development and working capital. The agreement also includes responsibilities for managing project permitting and approval processes.

This funding structure supports the advancement of the project toward a potential decision to mine, reducing the financial burden on Nelson Resources.

Project Development Plans and Exploration Activities

As part of the development pathway, a reverse circulation (RC) drilling program totalling approximately 11,544 metres is planned.

This includes an initial drilling campaign of around 3,000 metres, aimed at supporting further evaluation of the project’s resource potential.

The drilling program has received approval from the Department of Mines, Petroleum and Exploration, marking another step forward in the project’s progression.

Strategic Importance of the Agreement

The Native Title and Mining Agreement represents a critical step in aligning regulatory, community, and operational elements required for project development.

By securing consent from the Native Title holders and establishing a framework for collaboration, the company has addressed a key requirement for advancing mining activities.

This milestone, combined with the funding and development partnership in place, positions the Yarri Gold Project for further progress toward a development decision.

Investor Perspective on the Update

Despite the significance of the agreement, Nelson Resources’ share price remained unchanged during the session.

The flat performance suggests that the market may be taking a cautious or wait-and-see approach, even as the company achieves key milestones.

The update provides insight into the company’s progress in advancing its flagship project, particularly in terms of regulatory and community engagement aspects.

What This Means for Investors?

The signing of the Native Title and Mining Agreement marks an important step in the development of the Yarri Gold Project.

By removing impediments to mining lease approvals and establishing a framework for collaboration, the company has advanced its project toward development readiness.

While the share price did not react on the day, the milestone contributes to the overall progression of the project and provides a clearer pathway for future activities.