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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.045 -0.028 (-38.36%)+
Announcement
Release
30 Jan 2026 8:30AM
Price at Release
$0.073
Full Release
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Summary
The quarterly report for Nexus Minerals Limited details significant progress at the Wallbrook Gold Project, highlighting exploration success across five key prospects, including Crusader-Templar, Clement, and Amand, which are advancing towards resource definition. The report also outlines the company's financial status, with cash holdings of $7.8 million at the end of the quarter. Permitting and operational readiness at Crusader-Templar are progressing, with discussions continuing with potential partners. The Appendix 5B cash flow statement reveals a net cash outflow of $1.73 million from operating activities during the quarter.
Key Points
  • High-grade drilling results from Wallbrook Gold Project.
  • Cash on hand at the end of the quarter is $7.8 million.
  • Significant exploration progress in Crusader-Templar and other prospects.
  • Discussions with potential operational and toll treatment partners are ongoing.
  • Permitting and operational readiness for Crusader-Templar are advancing.
  • Net cash outflow from operating activities is $1.73 million.
  • Focus on systematic infill and extensional drilling.
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.