InvestSMART

Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.047 -0.028 (-37.33%)+
Announcement
Release
29 Oct 2025 8:32AM
Price at Release
$0.075
Full Release
download
Summary
Nexus Minerals Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 30 September 2025 highlights significant exploration and development progress at the Wallbrook Gold Project. Notably, the company completed a 5,172m RC drill program at the Payns Prospect, confirming high-grade gold zones within a large mineralised envelope. The Clement Prospect also showed promising results with a 1,274m RC drill program indicating high-grade gold lodes. The report mentions a total cash on hand of $9.6 million as of 30 September 2025, with exploration expenditures totaling $936,000 for the quarter. The document also outlines future work programs, including further exploration at Wallbrook, progression of permits for the Crusader-Templar resource, and collaborative efforts in the Pinnacles Joint Venture. Corporate activities include participation in the Australian Gold Conference and continued investor engagement.
Key Points
  • Significant new gold discovery confirmed at Payns Prospect.
  • Clement Prospect intersected high-grade gold lodes.
  • Cash on hand reported as $9.6 million.
  • Exploration expenditure for the quarter was $936,000.
  • Future work includes additional exploration and resource permitting.
  • Engagement with potential operational partners ongoing.
  • Corporate presentations at the Australian Gold Conference.
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.