NexGold and Cygnus Metals report key operational and corporate updates

NexGold Mining Corp. has released its financial and operating results for the second quarter of 2026. The company reported significant progress at its Goldboro Gold Project and Goliath Gold Complex. Key activities include ongoing drilling programs and the completion of regional geophysical surveys at Goldboro. The company is currently working toward an updated Goldboro Feasibility Study, which is expected to be completed in 2026. Additionally, NexGold has increased its planned reverse circulation infill drill program at Goldboro from 30,000 to 40,000 metres to improve mine planning confidence.

Separately, Cygnus Metals Limited announced that its Scheme Booklet has been registered with the Australian Securities and Investments Commission (ASIC). This is part of a proposed transaction in which Central Asia Metals PLC intends to acquire 100% of Cygnus shares through a scheme of arrangement. The Scheme Booklet includes an Independent Expert’s Report prepared by Grant Thornton Corporate Finance Pty Ltd.