TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Nexus Minerals Ltd. ( (AU:NXM) ) just unveiled an update.
Nexus Minerals Limited announced promising results from its recent reverse circulation (RC) drilling program at the Wallbrook Gold Project, which included the Clement and Godfrey Prospects. The results confirmed significant gold mineralization, with high-grade lodes identified at the Clement Prospect and a main lode confirmed at the Godfrey Prospect. The company is well-funded with $9.6 million in cash and equivalents and is continuing its exploration efforts with a 10,000-meter aircore (AC) drilling program at new targets. These developments indicate a growing opportunity for meaningful gold discovery, enhancing Nexus’s position in the gold exploration sector.
More about Nexus Minerals Ltd.
Nexus Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is actively engaged in projects located in the eastern goldfields of Western Australia, with a primary market focus on gold mineralization.
YTD Price Performance: 88.89%
Average Trading Volume: 1,044,600
Technical Sentiment Signal: Buy
Current Market Cap: A$51.32M
Find detailed analytics on NXM stock on TipRanks’ Stock Analysis page.