Nexus Minerals Ltd. (AU:NXM) has released an update.
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Nexus Minerals Ltd. has initiated an update to the underground mine study for its Pinnacles JV Gold Project amid soaring gold prices, which have more than doubled since the original study. The project, benefiting from existing permits and an Ore Sale and Purchase Agreement with Northern Star Resources, is poised to take advantage of improved profit margins in the gold mining sector. The study aims to refine mine planning and is expected to be completed by the December quarter.
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