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An announcement from Nexus Minerals Ltd. ( (AU:NXM) ) is now available.
Nexus Minerals has commenced a roughly 22,000m reverse circulation drilling campaign at the Wallbrook Gold Project in Western Australia to drive material growth in its mineral resource inventory. The program targets three advanced resource definition prospects—Clement, Payns and Branches—built from 18 months of systematic exploration, and will also test lateral extensions to the existing 304,000oz Crusader–Templar resource.
Initial assay results from the drilling are expected in May 2026, with an updated multi‑prospect mineral resource estimate for Wallbrook planned later that year, guided by an independent competent person. The campaign is intended to convert recent exploration success into “high‑quality gold ounces”, strengthening Wallbrook’s resource base and potentially enhancing Nexus’s position in the Western Australian gold sector.
More about Nexus Minerals Ltd.
Nexus Minerals Ltd. is an Australian gold exploration company focused on advancing its Wallbrook Gold Project, located about 140km northeast of Kalgoorlie in Western Australia. The company is targeting resource growth through systematic drilling across multiple prospects within the Wallbrook district, aiming to expand its existing gold mineral resource base.
YTD Price Performance: -31.43%
Average Trading Volume: 764,129
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$28.98M
See more insights into NXM stock on TipRanks’ Stock Analysis page.