Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An announcement from Nexus Minerals Ltd. ( (AU:NXM) ) is now available.
Nexus Minerals has released a presentation for the RIU Sydney Resources Roundup outlining the technical basis for its reported mineral resources and exploration results at key gold projects. The company reiterates that no Ore Reserves have yet been defined for the Pinnacles JV or Wallbrook projects, citing insufficient exploration and technical studies to support reserve estimation.
The release emphasises compliance with JORC 2012 standards through multiple Competent Persons and confirms that previously announced exploration and resource information remains unchanged in form and context. Nexus also notes that the potential for future mining operations and ore sales from its flagship projects is still uncertain, underscoring the early-stage and exploratory nature of its portfolio.
More about Nexus Minerals Ltd.
Nexus Minerals Ltd. is an Australian mineral exploration company focused on gold projects, including the Pinnacles JV Gold Project and the Wallbrook Gold Project. The company operates under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, engaging external geological consultants and internal qualified professionals to validate its technical reporting.
YTD Price Performance: -28.57%
Average Trading Volume: 691,436
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$30.19M
For detailed information about NXM stock, go to TipRanks’ Stock Analysis page.