InvestSMART

Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.047 -0.029 (-38.16%)+
Announcement
Release
18 Nov 2025 8:28AM
Price at Release
$0.076
Full Release
download
Summary
Nexus Minerals Limited has announced the final results from their reverse circulation (RC) drilling program at the Wallbrook Gold Project, which includes the Clement and Godfrey prospects. The program, comprising 59 holes over 6,155 meters, has successfully confirmed significant gold mineralization. Exceptional results were noted at the Clement Prospect, with a notable intersection of 15 meters at 5.21 g/t Au, which includes 3 meters at 12.50 g/t Au from 116 meters. These results emphasize the strong, near-surface mineralized system. The Godfrey Prospect also shows promise with continuous gold zones over a 1.2km strike footprint, indicating further potential for resource growth. The recent findings bolster the growth outlook for the Wallbrook Project, which is located 140km northeast of Kalgoorlie, WA.
Key Points
  • Clement Prospect returned 15m @ 5.21 g/t Au, including 3m @ 12.50 g/t Au.
  • Godfrey Prospect continuous gold zones over 1.2km strike.
  • Wallbrook Gold Project's drilling program confirmed significant gold mineralization.
  • The results highlight a strong, near-surface mineralized system at Clement.
  • Drilling program consisted of 59 holes over 6,155 meters.
  • Clement is just 250 meters east of the 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.