Nex Metals Explorations Limited (ASX:NME) entered in binding terms sheet to acquire Kookynie Project Tenements from IRIS Metals Limited (ASX:IR1) for AUD 1.2 million on April 14, 2024. Nex will also assume all underlying prospector agreements held by Iris on the tenements. The completion of the transaction is subject to various conditions, including the satisfaction or waiver of all required regulatory approvals. This includes approvals under the ASX Listing Rules and the Corporations Act and shareholder approval of Nex, alongside any third-party consents necessary to effect the transfer of the tenements. Nex Metals anticipates a meeting to be called for May 20, 2024.

Nex Metals Explorations Limited (ASX:NME) cancelled the acquisition of Kookynie Project Tenements from IRIS Metals Limited (ASX:IR1) on July 15, 2024.