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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.050 0.007 (16.28%)+
Announcement
Release
29 Jul 2026 8:28AM
Price at Release
$0.043
Full Release
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Summary
Nexus Minerals Limited has completed assay reporting for the Branches Prospect, part of the Wallbrook Gold Project in the Eastern Goldfields of Western Australia. The Branches program, which included 37 reverse circulation (RC) drill holes totaling 3,506 meters, is part of a broader 21,985-meter RC drilling campaign. This program confirmed the presence of a continuous northwest-trending mineralised zone, facilitating the development of a maiden Mineral Resource Estimate (MRE) that supports the updated Wallbrook MRE. Drill results returned significant gold intersections, indicating the potential for further resource definition. Final results from the Crusader–Templar prospect are expected to be reported in August, as Nexus aims to deliver an updated multi-prospect resource estimate in the coming quarter.
Key Points
  • Completion of assay reporting for the Branches Prospect.
  • Branches program included 37 RC drill holes totaling 3,506 meters.
  • Part of a larger 21,985-meter Wallbrook RC drilling campaign.
  • Confirmed continuous northwest-trending mineralised zone.
  • Supports a maiden Mineral Resource Estimate within Wallbrook MRE.
  • Significant gold intersections identified, offering potential for further resource definition.
  • Final results from Crusader–Templar prospect expected in August.
  • Nexus plans to update multi-prospect resource estimate in September quarter.
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.