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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.046 -0.021 (-31.06%)+
Announcement
Release
2 Sep 2025 8:20AM
Price at Release
$0.066
Full Release
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Summary
Nexus Minerals Limited has reported significant results from its recent reverse circulation (RC) drilling campaign at the Payns Prospect. The drilling has returned high-grade gold assays, with intervals showing gold grades up to 30.05 g/t. These results are part of Nexus Minerals' exploration efforts to expand its gold resource base at the Wallbrook project. The company intends to continue its exploration program with further RC and diamond drilling to follow up on these promising results.
Key Points
  • Nexus Minerals Limited reported significant gold grades from RC drilling at Payns Prospect.
  • High-grade gold assays reached up to 30.05 g/t.
  • The exploration efforts are part of strategies to expand the gold resource at Wallbrook project.
  • Further exploration with RC and diamond drilling is planned.
  • Results contribute to the company's near-surface ounce portfolio expansion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.