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NEX METALS EXPLORATION LIMITED(NME)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

Shareholder links

Our website ranking of NME: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000NME3
Address: 45 Guthrie St Osborne Park, WA, 6017
Tel:  08 9221 6813 Fax: 08 9221 3091

Date first listed: 06/12/2007
Company Secretary: Mr Kenneth Allen
Sector: Materials Industry Group: XMJ
Activities: Gold, nickel base metals exploration

News & Events

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The suspension of trading in the securities of Nex Metals Exploration Limited will be lifted from the commencement of trading on Tuesday, 30 November 2021 following lodgement of its financial report for the year ended 30 June 2021.

30/11/2021

The company lodges its Annual Report to shareholders.

30/11/2021

In relation to the off-market takeover bid for all of the fully paid ordinary shares in Nex Metal Explorations, Metalicity has determined to extend the period during which the Offer will remain open for acceptance until 5:00pm (Perth time) on 15 December 2021.

26/11/2021

The Panel has received an application from Nex Metals Explorations Ltd seeking a review of the Panel's decision in Nex Metals Explorations. A review Panel has not been appointed at this stage and no decision has been made whether to conduct proceedings. The Panel makes no comment on the merits of the application.

24/11/2021

Metalcity releases an announcement. The second diamond hole at the Leipold Prospect, drilled 100m down dip from the first diamond hole, intersects an exciting 8.92 metre intercept of Leipold mineralisation encountered from 270.33 to 279.25 metres depth. It appears to be an extension of the Leipold Lode given the laminated quartz veining, intense alteration and a wide suite of sulphide mineralogy observed, assays are pending. This is the deepest hole drilled to date at Leipold and may have extended mineralisation. The first two diamond holes have extended and defined the Leipold Lode down dip from surface to 370 metres and remains open. Diamond drilling is scheduled to continue with 5 holes at Leipold and 2 holes at McTavish planned within the anticipated mineral resource zone for density and metallurgical test work. Assays from the RC component of the recent drilling programme expected to be available in late November/early December.

23/11/2021

The Panel has declined to conduct proceedings on an application dated 17 November 2021 from Nex Metals Explorations Ltd in relation to its affairs. The Panel considered that insufficient material had been provided to support the Panel conducting proceedings. Accordingly, the Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances.

22/11/2021

The company made a report of misconduct to ASIC in respect of an alleged contravention of section 623 of the Corporations Act.

18/11/2021

The Panel has received an application from Nex Metals Explorations Ltd in relation to its affairs. Nex Metals is currently the subject of an off-market scrip takeover bid from Metalicity Ltd. Nex Metals submits (in effect) that following the making of Metalicity's bid, an agent of Metalicity has engaged in conduct that constitutes a breach of sections 619(1) (offers to be the same) and 623 (collateral benefits) of the Corporations Act 2001 (Cth) (Act). Nex Metals submits that the circumstances are unacceptable having regard to the effect that such circumstances will have or are likely to have on the control, or potential control of Nex Metals and are contrary to the equal opportunity principle in section 602(c) of the Act. Nex Metals seeks interim orders that Metalicity be caused to suspend its bid immediately pending determination of the Panel application and final orders, including that Metalicity be prohibited from proceeding with its bid.

18/11/2021

Metalcity releases an announcement. First diamond hole at the Leipold Prospect intersects an exciting 12.25 metre intercept of Leipold mineralisation encountered from 191.45 to 203.7. Whilst assays are pending, the laminated quartz veining, intense alteration and a wide suite of sulphide mineralogy confirm this is the Leipold lode. This is the deepest hole drilled to date at Leipold and may have extended mineralisation for at least a further 50 metres down dip and vertically from surface to approximately 180 metres. Information derived from this core hole will assist in the Mineral Resource Estimation of Leipold, which is subject to the completion of further diamond drilling currently underway. Further infill diamond drilling is scheduled, including another hole to extend this intercept a further 100 metres down dip. Assays from the RC component of the recent drilling programme are expected to be available in late November/early December.

17/11/2021

The claim by NME against Kym and the relief sought by NME against Kym amongst other things are: A declaration upon the proper construction of the Agreement; a declaration that Kym Mining has not provided notice to Nex verifying the amount of the Stage 1 Project Expenditure that Kym Mining has incurred, as defined in the farm-in agreement entered into by all the parties on or about 4 May 2019, in compliance with clause 7.6 of the Agreement; and a declaration that Kym Mining by reason of the failure to comply with the requirements of the Agreement, Kym Mining has not acquired the right to transfer of a 51% interest in the tenements held by Nex the tenements being the Kookynie and Yundamindra gold project.

16/11/2021

Nex Metals has today lodged as the Plaintiff, in the Supreme Court of Western Australia, a Writ of Summons with an Indorsement of Claim against the Defendant, Kym Mining. Kym Mining is a wholly owned subsidiary of Metalicity Limited. The Company is seeking by the Writ of Summons, amongst other things, a Declaration by the Supreme Court in respect of farm-in agreement with MCT and Kym Mining entered into by all the parties on or about 4 May 2019.

15/11/2021

The Panel has made interim orders in relation to an application from Metalicity Ltd in relation to the affairs of Nex Metals Explorations Ltd. The interim orders state that Nex Metals must not dispatch (that is, physically send) any information to its shareholders in relation to Metalicity's Bid, including but not limited to a target's statement or supplementary target's statement. The interim orders have effect until the earliest of further order of the Panel, determination of the proceedings or 2 months from the date of the interim orders.

15/11/2021

Metalicity confirms its interest in shares of joint venture partner, Nex Metals Exploration is rapidly approaching 20%, having now reached 19.66%. This is a significant milestone in Metalicity's offer for NME and represents considerable progress towards the Kookynie and Yundamindra Gold Projects being owned and advanced in value by a single listed entity.

15/11/2021

The company has appointed Mr Domenic Martino of Indian Ocean Capital as a strategic corporate adviser.

11/11/2021

A supplementary target's statement will be released on 12 November. The company notes the extension by Metalcity of the bid offer period to 6 December 2021 and the updated form 604 notice as to 14.84% acceptances of the bid.

08/11/2021

Metalicity has determined to extend the period during which the Offer will remain open for acceptance until 5:00pm (Perth time) on 6 December 2021.

05/11/2021

The Panel has received an application from Metalicity Ltd in relation to the affairs of Nex Metals Explorations Ltd. Metalicity submits (among other things) that Nex Metals' target's statement: contains statements that are misleading and deceptive and does not contain "all the information that holders of bid securities and their professional advisers would reasonably require to make an informed assessment whether to accept the offer under the bid". Metalicity seeks interim orders restraining dispatch of Nex Metals' target's statement and removal of the target's statement from the ASX announcements platform and Nex Metals' website. Metalicity seeks final orders, including an order that Nex Metals issue a replacement target's statement in a form approved by the Panel.

03/11/2021

The Panel has made a declaration of unacceptable circumstances ) and final orders in relation to an application dated 30 September 2021 by Metalicity Ltd in relation to the affairs of Nex Metals Explorations Ltd.

03/11/2021

The securities of Nex Metals Exploration Limited will be suspended from quotation under Listing Rule 17.5 from the commencement of trading on Monday, 1 November 2021 for not lodging its relevant periodic report by the due date.

01/11/2021

The suspension of trading in the securities of Nex Metals Exploration Limited will be lifted from the commencement of trading on Thursday, 2 July 2020, following the release by NME of an announcement regarding a capital raising.

02/07/2020

Metalcity, the company's joint venture partner, continue to highlight the high-grade and shallow nature of the mineralisation at the Leopold project. Metalcity have further drilling results pending and that of a Drone Magnetic survey.

02/07/2020

The company has completed a placement of shares to raise $2,445,000. The funds will be used for working capital and the advancement of its Kookynie Gold Project and processing of the Cosmopolitan tailings. Total shares to be issued is 44,454,538 at $0.055 under the company's placement capacity under listing rule 7.1 and 7.1A.

02/07/2020

The company releases an Appendix 2A and Cleansing Statement.

02/07/2020

The company releases a notice of Proposed issue of Securities - NME.

02/07/2020

The securities of Nex Metals Exploration Limited will be suspended from quotation from the commencement of trading tomorrow under Listing Rule 17.2, at the request of NME, pending the release of an announcement regarding a capital raising.

30/06/2020

The suspension of trading in the securities of Nex Metals Exploration Limited will be lifted immediately, following the release by NME of a prospectus.

13/09/2018

The company issues a prospectus for the conditional offer of 1,000 Shares to the Public at an issue price of $0.01 each to raise $10.

13/09/2018

The suspension of the company's securities is requested until the commencement of trading on 17 September 2018 or the release of the announcement.

12/09/2018

The securities of Nex Metals Exploration Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NME, pending the release of an announcement.

07/09/2018

The suspension of trading in the securities of Nex Metals Explorations Limited will be lifted before the commencement of trading on Monday 27 March 2017, following receipt of the Company's Half Year Report for the period ended 31 December 2016, in accordance with listing rule 17.8.

24/03/2017

The company lodges its Half Year Accounts.

24/03/2017

Nex Metals Explorations Ltd is pleased to announce that HLB Mann Judd have been appointed as the Company's auditors. This appointment follows the resignation of RSM Australia after the Company completed a periodic corporate governance review and the Australian Securities and Investments Commission's consent to RSM's resignation.

24/03/2017

Further to Nex Metals Explorations Ltd requests for the Company to be placed into voluntary suspension for non-lodgement of Half Yearly Financials on 16 March 2017, it is advised that ASIC approval is still pending based on their processing terms. As previously advised the Company as part of its corporate governance review has engaged new auditors and not withstanding that the previous and new auditors have consented to the change they require ASIC approval. The suspension is expected to be until the commencement of trading on Monday 27 March.

20/03/2017

The securities of Nex Metals Explorations Limited will be suspended from official quotation immediately, at the request of the Company, pending release of the Company's half year accounts for the half year ended 31 December 2016.

17/03/2017

The suspension of trading in the securities of Nex Metals Exploration Limited (the " Company") will be lifted immediately following receipt of the Company update. Security Code: NME

24/07/2013

The Company requests an extension of suspension until commencement of trading on 17 July 2013

12/07/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension. Further to the announcement by the Company on 7 July 2013, Nex is currently in discussions with respect to a significant asset purchase. The asset purchase will involve 100% shares of an unrelated Company which has a number of mining assets. In conjunction with this transaction is a funding agreement to cover working capital and commitments of the mining assets. The Company is now in conclusive stages of discussion on this transaction The Company requests an extension until commencement of trading on 12 July 2013.

09/07/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension. Nex is currently in discussions with respect to a significant asset purchase. The asset purchase will involve 100% shares of an unrelated Company which has a number of mining assets. In conjunction with this transaction is a funding agreement to cover working capital and commitments of the mining assets. The Company requests an extension until commencement of trading on 9 July 2013.

02/07/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement. As per the Company" previous announcement to the market on 17 June 2013, negotiations have advanced however there are conditions precedent connected with another significant dealing that is combined in the same transaction, however the company has not had time to finalise matters. The Company requests an extension until commencement of trading on 2 July 2013.

24/06/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement. As per the Company" previous announcement to the market on 4 June 2013, negotiations have advanced however there are conditions precedent connected with another significant dealing that is combined in the same transaction, however the company has not had time to finalise matters. The Company requests an extension until commencement of trading on 24 June 2013.

17/06/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement - The Company requests an extension until commencement of trading on 17 June 2013

04/06/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement and resolution of a legal matter As per the Company" previous announcement to the market on 15th May 2013, negotiations have advanced however there are conditions precedent connected with another significant dealing that is combined in the same transaction, however the company has not had time to finalise matters. The Company requests an extension until commencement of trading on 4 June 2013.

24/05/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement. As per the Company" previous announcement to the market on 6 th May 2013, negotiations have advanced however there are conditions precedent connected with another significant dealing that is combined in the same transaction, however the company has not had time to finalise matters. The Company requests an extension until commencement of trading on 24 May 2013

15/05/2013

previous announcement to the market on 29th April 2013, negotiations have advanced however there are conditions precedent connected with another significant dealing but is combined in the same transaction, however the company has not had time to finalise matters. The Company requests an extension until commencement of trading on 15 May 2013

06/05/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement. As per the Company" previous announcement to the market on 19th April 2013, negotiations are finalising with a prospective entity, however the company has not had time to finalise matters. The company requests voluntary extension until Monday 6 May 2013 unless an announcement prior to that time. The company is not aware of any reason why this extension of voluntary suspension would not be granted.

29/04/2013

Nex Metals Explorations Ltd (Nex or the Company) pursuant to item 17.2 of the Listing Rules requests all its listed securities remain in voluntary suspension, pending the completion of an asset sale agreement. As per the Company" previous announcement to the market on 15th April 2013, negotiations are progressing with prospective entities, however the company has not had time to finalise matters. The company is confident of being able to finalise matters and make an announcement to the market at any time before Monday 29th April 2013, after which time it would expect its securities to be trading. The company is not aware of any reason why this extension of voluntary suspension would not be granted.

22/04/2013

The securities of Nex Metals Exploration Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: NME

16/04/2013

The suspension of trading in the securities of Nex Metals Exploration Limited (the "Company") will be lifted prior to the commencement of trading Thursday, 2 August 2012, following receipt of the Company" quarterly activities and cashflow report for the period ended 30 June 2012. Security Code: NME

01/08/2012

suspended following failure to lodge financial reports

01/08/2012

 

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Thomas PercyNon Exec Chairman01/07/2007
    Kenneth AllenManaging Director, CEO02/04/2007
    Hock ChuaNon Exec Director11/09/2010

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Kasit PhisitkulNon Exec Director01/07/200712/12/2013

    Date of first appointment, title may have changed.