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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.046 -0.013 (-22.03%)+
Announcement
Release
4 Jun 2026 8:29AM
Price at Release
$0.059
Full Release
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Summary
Nexus Minerals Limited has reported high-grade gold assay results from the Payns Prospect at the Wallbrook Gold Project, with grades reaching up to 19.00g/t Au. These results are part of a larger 22,000m RC drilling program aimed at expanding the Wallbrook resource inventory, which also includes the Clement Prospect. The drilling at Payns has confirmed the presence of a large-scale, near-surface mineralised system, suggesting potential for both lateral and vertical growth of the resource. The results are significant as they demonstrate continuous mineralisation with higher-grade components, supporting the project's prospects for hosting a maiden Mineral Resource Estimate. Nexus plans to continue drilling to further define the geometry and grade distribution within the mineralised envelope.
Key Points
  • High-grade assay results up to 19.00g/t Au at Payns Prospect.
  • Results part of a 22,000m RC drilling program at Wallbrook Gold Project.
  • Continuous near-surface mineralisation system identified.
  • Potential for lateral and vertical growth of the resource.
  • Drilling results support potential for a maiden Mineral Resource Estimate.
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.