Big implications of these results and that interview... as at present all the NXM results to date have only been for Mineralized Corridor 1 (MC1).
So now Andy has some 'confidence' that this corridor of mineralisation may well be 'repeating'... and not once, but potentially another 3 times and has marked 13 (red circle below) further areas of interest (all within the same NXM tenement - which I believe already has an approved mining lease aswell.... yes/no?).
And it's all about finding the 'right rocks'. And as Andy keeps saying.... it's these red rocks (highlighted in blue below) that is what they want to find in those other corridors.
We might get one more Cap raise to have a solid crack at those 13 prospects or we might just get snapped up by a suitor once the MRE is released in Q1. As It's a great way to float a carrot out to potential take over parties.... yeah we have found a stack of gold (here is the MRE).... but yeah, we might have 4 times more - sitting just over there.
This is a firm hold for me.
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NXM
nexus minerals limited
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Ann: Branches Prospect Results Support Significant Gold Camp, page-28
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Last
7.4¢ |
Change
-0.005(6.33%) |
Mkt cap ! $44.67M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.1¢ | $81.49K | 1.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 939500 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 90000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 939500 | 0.074 |
1 | 85634 | 0.072 |
2 | 127571 | 0.071 |
1 | 40000 | 0.066 |
2 | 230800 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 90000 | 1 |
0.080 | 822820 | 4 |
0.084 | 20386 | 2 |
0.085 | 18418 | 2 |
0.086 | 12000 | 1 |
Last trade - 15.24pm 23/06/2025 (20 minute delay) ? |
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NXM (ASX) Chart |