Outstanding Drill Results From Clement & Godfrey Prospects

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Stock Nexus Minerals Ltd (NXM.ASX)
Release Time 21 Oct 2025, 8:38 a.m.
Price Sensitive Yes
 Outstanding Drill Results From Clement & Godfrey Prospects
Key Points
  • Clement prospect illustrates growing opportunity with broad high-grade gold mineralisation
  • Godfrey prospect confirms presence of a main northwest striking lode over 1.2km of strike
  • 10,000m aircore drilling program commenced at new target MC3.3 and Branches Prospect
Full Summary

Nexus Minerals has announced initial 4m composite gold assay results from the recently completed 6,155 metre / 59 hole reverse circulation (RC) drilling program at the Wallbrook Gold Project. The program was completed across the Clement Prospect, Godfrey Prospect, and Target MC4.1, with results confirming significant gold mineralisation. Drilling at the Clement Prospect has discovered a series of stacked high-grade lodes mapped from surface and remaining open, with highlight results including 20m @ 4.06g/t Au and 20m @ 2.39g/t Au. The Godfrey Prospect drilling has confirmed the presence of a main northwest striking lode over approximately 1.2 kilometres of strike, with results including 4m @ 1.96g/t Au and 4m @ 1.31g/t Au. The company also announced that a 10,000 metre aircore (AC) drilling program has commenced at new target MC3.3 and extension opportunities at the Branches Prospect, to be completed by mid-November. Nexus remains well-funded with $9.6 million cash and equivalents as at 30 September 2025.

Outlook

The company continues to assess the Godfrey results with further drill hole planning, and additional exploration planning is underway to assess opportunities for both additional mineralised zones and interaction of prospects at depth.