Nex Metals Explorations Ltd Issues an Open Letter to Shareholders

Nex Metals Explorations Ltd is an Australia-based company, which is engaged in the gold, copper and nickel exploration. The Company holds a suite of prospective tenements in Kookynie and Yundamindra area. Its projects include Kookynie Gold project, Yundamindra Gold project, and Kookynie Tailings Research Project. The Kookynie Gold Project lies approximately 180 kilometers (kms) north of Kalgoorlie, 50 kms south of Leonora and approximately 25 kms from the bitumen Goldfields Highway linking Kalgoorlie to Leonora in the Eastern Goldfields of Western Australia. The Yundamindra Gold Project is located 65 kms southeast of Leonora and 65 kms east of Kookynie. The Yundamindra Project consists of nine granted mining leases, which the Company holds the rights to explore. The Company's Kookynie Tailings Research Project has drilled a total of 81 air core holes for approximately 497 meters over the tailing's stockpiles.