Just the Facts: Nexus Minerals advances Wallbrook Gold Project after Payns and Godfreys discoveries [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Nexus Minerals Ltd (ASX:NXM).

The company is advancing its Wallbrook Gold Project in Western Australia’s Goldfields following significant discoveries at the Payns and Godfreys prospects. These findings represent a critical step in enhancing the project’s gold resource inventory and align with the company’s regional exploration strategy to identify and expand shallow gold deposits.

Of 18 high-priority regional targets identified at Wallbrook, seven have undergone initial drilling, with six yielding highly anomalous gold results. Nexus plans to further assess these discoveries alongside other high-priority targets to scale the project’s potential.

Early in the new year, the company will mobilise an aircore drill rig to conduct further exploration. Results will be used to rank targets for follow-up reverse circulation (RC) drilling.

In addition to Wallbrook, the company is progressing work at its Crusader-Templar gold deposit. Technical studies aimed at de-risking a potential open-pit …