Partner-funded growth
WTAC Joint Venture
Working with the Wangkatja Tjungula Aboriginal Corporation to advance gold projects in Western Australia for the benefit of the WTAC community and NME shareholders, funded by WTAC.
Joint-venture model
Funding and capability brought together.
The incorporated joint venture is owned 60% by WTAC and 40% by NME. It was established to identify, acquire and progress new Western Australian gold opportunities.
WTAC provides project funding through an unsecured loan to the joint-venture company, repayable from operations. NME leads project identification, acquisition, technical evaluation and operations. Subject to the joint-venture arrangements, NME is entitled to 40% of distributable net proceeds.
This project-generation vehicle is separate from the Kookynie Tailings profit-sharing agreement.
First project opportunity
West Point — pending grant.
Status: exploration licence application pending grant.
West Point should not be described as a granted tenure or an operating project.
The 31 July 2026 release identified West Point as the joint venture’s first project opportunity. NME described the area as prospective for structurally controlled gold and copper-gold mineralisation, with future field work dependent on grant and applicable approvals.
Second project opportunity
East Scotia — pending acquisition.
Status: conditional acquisition.
Completion remains subject to the conditions and due-diligence process described in the 14 August 2026 release.
The joint venture announced an agreement to acquire three granted exploration licences covering approximately 133.41 square kilometres and one prospecting licence. The disclosed consideration was $100,000 plus a 2% net smelter return royalty.
Historical information and mapped geology guide evaluation, but do not establish a current NME Mineral Resource or development outcome.
Partnership principles
Commercial participation with local purpose.
The model combines project funding, technical responsibility and shared project economics, alongside commitments relating to heritage, rehabilitation, training and local commercial capability.
Community & CountrySource disclosures