Payns Prospect 1m Results Return High Grade Gold up to 30g/t

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Stock Nexus Minerals Ltd (NXM.ASX)
Release Time 2 Sep 2025, 8:20 a.m.
Price Sensitive Yes
 Payns Prospect 1m Results Return High Grade Gold up to 30g/t
Key Points
  • One metre RC sample assay results received from recent 5,172 metre / 46 hole RC drilling program completed at Payns Prospect
  • One metre results provide a global gold grade uplift with results up to 30.05 g/t Au
  • System continues to display strong spatial continuity with the one metre results confirming opportunity for high-grade gold mineralised zones within broader mineralised envelope
Full Summary

Nexus Minerals Limited (ASX: NXM) has received one metre gold assay results from the recently completed 5,172 metre / 46 hole Reverse Circulation (RC) program at the Wallbrook Gold Project, 140km northeast of Kalgoorlie, WA. The program was completed over the Payns Prospect, with the one metre results improving resolution of high grade gold zones within the broader mineralised gold footprint. The one metre results continue to display strong spatial continuity and confirm the presence of emerging, coherent high-grade gold zones with individual one metre assay results up to 30.05 g/t Au. Highlight results include 5m @ 8.10 g/t Au including 1m @ 30.05 g/t Au, 8m @ 4.19 g/t Au, and 7m @ 2.92 g/t Au including 1m @ 10.55 g/t Au. These results build upon previously reported aircore (AC) drilling success. The Payns mineralised footprint currently covers an area of 900m x 750m, remaining open for lateral extensions and down plunge of mineralised zones. Building upon this success, a further 6,000 metre RC drill program is now underway at Clement Prospect, Godfrey Prospect, and Target MC4.1, aimed at assessing continuity, geometry, and tenor of the emerging mineralised gold zones at each target.

Outlook

The Nexus exploration team continues to evaluate gold assay and multi-element data. Further drill hole planning will occur to include a combination of comprehensive infill drilling of the mineralised envelope identified to date, and targeted extensional drilling both laterally and down dip of the emerging mineralised zones. This is consistent with the Company exploration strategy to efficiently build the Wallbrook project's near-surface ounce portfolio.