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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.056 0.011 (23.08%)+
Announcement
Release
15 Jul 2026 8:28AM
Price at Release
$0.046
Full Release
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Summary
Nexus Minerals Limited has reported the final tranche of assay results from the reverse circulation (RC) drilling at the Payns Prospect, part of the Wallbrook Gold Project in the Eastern Goldfields of Western Australia. The results from 79 RC holes confirm broad zones of shallow gold mineralization with a consistent higher-grade core, including a notable intercept of 5 meters at 12.83 g/t Au with a peak of 1 meter at 34.77 g/t Au within 21 meters at 3.26 g/t Au. These outcomes position the Payns Prospect to support a maiden Mineral Resource Estimate within the updated multi-prospect Wallbrook MRE. The drilling program, which included 21,985 meters across several prospects, aims to underpin a comprehensive resource estimate, expected to be completed by September 2026.
Key Points
  • Final tranche of assay results from Payns Prospect received.
  • 79 RC holes completed, confirming broad, shallow gold mineralization.
  • Notable intercept: 5m at 12.83 g/t Au, including 1m at 34.77 g/t Au.
  • Results support a maiden Mineral Resource Estimate for Wallbrook.
  • 21,985m RC drilling program across multiple prospects completed.
  • Wallbrook MRE update targeted for September 2026.
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.