Yarri Project - Nelson Resources Limited

Yarri ProjectBuggsy2019-06-06T15:38:26+08:00

Yarri Project

The tenements lie within the Edjudina Domain, which is bounded to the west by the Keith-Kilkenny Tectonic Zone (made up of the Yilgangi Fault and the faults bounding the Pig Well Graben) and by the Celia Tectonic Zone (more specifically, the Claypan Fault), which forms the eastern boundary. The domain hosts multiple west-dipping, west-facing homoclinal sequences of mafic to felsic volcanic layers showing lateral facies variation and is cut by low angle faults

Nelson Yarri project consists of three prospects on three Prospecting Licences to the North and East of the historic Yarri State Battery site.

Historic production occurred in 1902-1914 and 1934-1940. Total production from the Wallaby line is recorded as

21,000 ounces from 42,000 tonnes at an average grade of 15.5g/t Au.

Nelson Resources conducted a maiden 19-hole RC drilling program for 1183 metres at the Wallaby Prospect in January 2018 which delivered high gold intercepts including:

1 metre @ 10.8g/t Au from 15 metres
2 metres @ 4.87g/t Au from 13 metres
5 metres @ 10.67g/t Au from 52 metres
1 metre @ 2.17g/t Au from 16 metres

In the period between November 2018 and February 2019 Nelson Resources conducted a 70-hole RC drilling program for 6440 metres at the Wallaby Prospect. In this period an eight-hole RC drilling program for 1709 metres was conducted at the Great Banjo Prospect and a 14-hole RC drilling program for 1248 metres was conducted at the Gibberts Prospect

Nelson Resources Limited (ACN 127 620 482) - REPLACEMENT PROSPECTUS - BEFORE DOWNLOADING, PRINTING OR VIEWING THE REPLACEMENT PROSPECTUS, YOU MUST CAREFULLY READ THE TERMS SET OUT IN THIS NOTICE. The Replacement Prospectus is an important document that should be read in its entirety. If you have any doubts as to how to deal with it, you should consult your legal, financial or other professional adviser. By accessing the Replacement Prospectus (by clicking on the link below) you acknowledge that you have read and accept the terms set out in this notice. Nelson Resources Limited (Company) lodged the Replacement Prospectus (Replacement Prospectus) with the Australian Securities and Investment Commission (ASIC) for an offer of up to 25,000,000 ordinary fully paid shares at an offer price of $0.20 each, together with 1 free non-renounceable attaching option for every 2 shares subscribed for and issued to raise up to $5,000,000 before costs. Neither ASIC nor ASX Limited, nor any of their officers, take any responsibility for the contents of the Replacement Prospectus. If you are accessing an electronic copy of the Replacement Prospectus, please ensure that you have received the entire Replacement Prospectus accompanied by the relevant Application Form. If you have not, please contact the Company and the Company will send you, for free, either a hard copy or a further electronic copy of the Replacement Prospectus or both. The offer constituted by an electronic version of the Replacement Prospectus is only available to persons receiving an electronic version of the Replacement Prospectus within Australia. The Replacement Prospectus does not constitute an offer in any place in which, or to any person to whom, it would not be lawful to make such an offer. The Corporations Act prohibits any person from passing on to another person the Application Form unless it is attached to or accompanied by a complete and unaltered version of the Replacement Prospectus. The Company will not accept a completed Application Form if it has reason to believe that the Applicant has not received a complete and unaltered copy of the Replacement Prospectus. Any person may obtain a hard copy of the Replacement Prospectus by contacting the Company prior to the Closing Date for the offer. No person is authorised to give any information or to make any representation in relation to the Offer which is not contained in the Replacement Prospectus and any such information may not be relied upon as having been authorised by the Company. By clicking I Agree, you agree to all the above. Continue to Replacement Prospectus.