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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.045 -0.003 (-6.25%)+
Announcement
Release
30 Apr 2026 8:17AM
Price at Release
$0.048
Full Release
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Summary
Nexus Minerals Limited has released its quarterly activities report for the period ending 31 March 2026, highlighting continued exploration and development efforts at its Wallbrook Gold Project in Western Australia. The company has mobilized crews for a mineral resource estimate (MRE) definition drilling program, targeting significant growth in the project's mineral resource inventory. The drilling focuses on three advanced resource definition prospects: Clement, Payns, and Branches. Additionally, Nexus continues to de-risk the Crusader-Templar gold deposit through permitting and technical studies, with operational readiness progressing. The company reported a net cash used in operating activities of $406,000 for the quarter, driven by exploration and evaluation expenditures, while total available funding was $2.42 million as of the quarter’s end.
Key Points
  • Mobilization for MRE definition drilling at Wallbrook Gold Project.
  • Targeting growth in mineral resource inventory with a planned 22,000m of RC drilling.
  • Drilling focused on Clement, Payns, and Branches prospects.
  • Ongoing de-risking of Crusader-Templar gold deposit.
  • Net cash used in operating activities was $406,000.
  • Total available funding at quarter end was $2.42 million.
  • Permitting and operational readiness continue to progress.
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.