BUZZ-Australia's Nelson Resources hits over 2-year high on mining deal with MEGA

Reuters

2025/10/01

** Shares of Nelson Resources NES.AX rise as much as 33.3% to A$0.008, their highest level since August 28, 2023

** Stock logs third session of consecutive gains

** Gold explorer signs mining agreement with MEGA resources for Yarri gold project in Western Australia

** MEGA to fully fund development in Yarri gold project, with NES to retain 30% of profits

** About 37.4 mln shares traded, 12.3x the 30-day average

** YTD stock up 220%, including current session's move

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))

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