InvestSMART

Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.045 -0.039 (-46.43%)+
Announcement
Release
21 Oct 2025 8:38AM
Price at Release
$0.084
Full Release
download
Summary
Nexus Minerals Limited has announced the results of its recent reverse circulation (RC) drilling program at the Wallbrook Gold Project, showcasing significant gold mineralisation at both Clement and Godfrey Prospects. The drilling program, which covered 6,155 metres across 59 holes, has revealed high-grade gold intersections, underpinning the potential for further exploration and discovery. The Clement Prospect, situated near the Crusader-Templar deposit, demonstrated stacked high-grade lodes, while the Godfrey Prospect confirmed extensive mineralisation over a 1.2 km strike, with notable gold assays from surface and at various depths. The company is continuing exploration efforts with an ongoing aircore drilling program and remains well-funded to pursue these opportunities.
Key Points
  • Significant gold mineralisation identified at Clement and Godfrey Prospects.
  • Completed 59-hole RC drilling program totaling 6,155 metres.
  • Clement Prospect showed stacked high-grade lodes with key intersections such as 20m @ 4.06g/t Au.
  • Godfrey Prospect confirmed mineralisation over 1.2 km strike with surface gold assays.
  • Ongoing 10,000 metre aircore drilling program at new targets and extensions.
  • Company is well-funded with $9.6 million cash and equivalents.
  • Potential for larger mineralised system with proximity to existing Crusader-Templar deposit.
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.