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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.047 -0.009 (-16.07%)+
Announcement
Release
26 May 2026 8:20AM
Price at Release
$0.056
Full Release
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Summary
Nexus Minerals Limited has reported strong initial reverse circulation (RC) drilling results from the Clement Prospect at its Wallbrook Gold Project in Western Australia. The results, which are part of a larger 22,000-meter Mineral Resource Estimate (MRE) definition program, highlight high-grade gold mineralization, including intercepts of up to 26.53g/t Au. The drilling program aims to confirm a multi-lode system and support a maiden Mineral Resource at Clement, with the project showing significant potential given its proximity to the established Crusader–Templar resource. The RC drilling is on track and results should contribute to an updated Wallbrook Project mineral resource inventory. The geological setting and mineralization style align with known structures in the area, suggesting potential for a larger continuous mineralized system.
Key Points
  • High-grade assay results up to 26.53g/t Au from initial RC holes at Clement.
  • The drilling program is part of a ~22,000m MRE definition at Wallbrook.
  • The results indicate a stacked multi-lode geometry.
  • Clement Prospect is adjacent to the Crusader–Templar Deposit.
  • The geological setting aligns with established mineralization structures.
  • Potential for a continuous mineralized system within the gold corridor.
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.