Nelson Resources (ASX:NES) secures Nevada tungsten ground adjacent to Pilot Mountain Project

Nelson Resources has staked 186 unpatented Federal Lode Claims covering approximately 15.5km² to form the Cinnamon Property in Mineral County, Nevada, located immediately adjoining the western boundary of Guardian Metal Resources’ Pilot Mountain Tungsten Project.

The newly secured claims are located approximately 2km from Guardian’s Desert Scheelite deposit, which is being advanced through Pre-Feasibility Study activities supported by a US$6.2 million U.S. Department of Defense award under the Defense Production Act Title III program.

Highlights

• Nelson has staked 186 BLM lode claims covering approximately 15.5km² at the Cinnamon Property.
• The project is located approximately 200km southeast of Reno and 17km east of Mina, Nevada.
• Desert Scheelite hosts a reported foreign Mineral Resource Estimate of 10.478Mt @ 0.20% WO₃ for approximately 16,600 tonnes of contained tungsten metal.
• European APT was recently quoted at US$2,800–3,320/mtu, up more than 230% since the beginning of 2026.
• Nelson reported A$3.03 million cash as at 31 March 2026 to fund its initial Cinnamon exploration program.

According to the announcement, recently released U.S. Geological Survey airborne magnetic data shows a strong feature associated with Guardian’s Gunmetal and Porphyry West areas that appears to continue west toward the Cinnamon Property.

Nelson stated that when combined with favourable carbonate host rocks and intrusive related skarn potential, this provides a high priority, early stage target corridor at Cinnamon.

The company stated that tungsten is classified as a U.S. critical mineral and is used across defence systems, munitions, aerospace, industrial tooling, wear resistant components and high performance alloys.

The U.S. Geological Survey has stated that the United States has not had commercial domestic tungsten mine production since 2015.

Nelson also noted that historical drilling results referenced in the announcement were completed outside the Cinnamon Property and were included solely for regional geological context.

The company stated that investors should not assume similar mineralisation will be identified within the Cinnamon Property. No new exploration results were reported in this announcement.

Nelson Non-Executive Chairman Gernot Abl said the company intends to move quickly across the newly secured claims.

“Nelson will now move quickly with mapping, sampling and geophysics to refine priority tungsten and polymetallic targets for follow-up drill testing.”

The planned exploration program includes geological and geophysical data compilation, interpretation of U.S. Geological Survey magnetic and radiometric data, reconnaissance mapping, prospecting, rock-chip and soil sampling, and high resolution geophysical work.

The company stated this work is designed to define priority tungsten and polymetallic targets for potential follow up drill testing.

The Cinnamon Property forms part of Nelson’s broader Nevada strategy, alongside its Gold Point gold-silver project located approximately 125km to the south-southeast within the Walker Lane mining jurisdiction.