NXM 2.44% 4.2¢ nexus minerals limited

Ann: Quarterly Activities Report, page-16

  1. rlj
    453 Posts.
    lightbulb Created with Sketch. 176
    Looking at the commentary in the quarterly NXM now have the 20x20m spacing drillholes down to 100m for an initial pit shell model for a starter pit on the shallow oxide (I assume before it would then head underground).


    https://hotcopper.com.au/data/attachments/4749/4749861-cd9899debd120d62de26795645011cda.jpg

    Mineralisation appears pretty even across the below cross section and 1600m long.


    https://hotcopper.com.au/data/attachments/4749/4749868-6e83c414837fdda54f55a89056e25518.jpg


    The following assumes mineralisation is along the 1,600m and 300m wide, down to 100m, and at an average grade of 0.5g/t. This is just for the top 100m.

    https://hotcopper.com.au/data/attachments/4749/4749862-b0380e9f3461055b09e70fa35ad5dc2d.jpg


    If you extend that to 300m down you get a bit more

    https://hotcopper.com.au/data/attachments/4749/4749871-fe4de9fd176077f876d09b5778e06760.jpg

    My blue sky scenario for the future including Solomon and Branches is

    https://hotcopper.com.au/data/attachments/4749/4749876-b82f4dfad8f827ea19b8ffc215297461.jpg



 
watchlist Created with Sketch. Add NXM (ASX) to my watchlist
(20min delay)
Last
4.2¢
Change
0.001(2.44%)
Mkt cap ! $16.34M
Open High Low Value Volume
4.2¢ 4.2¢ 4.2¢ $14.70K 350.1K

Buyers (Bids)

No. Vol. Price($)
2 147367 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.3¢ 10000 1
View Market Depth
Last trade - 13.56pm 12/07/2024 (20 minute delay) ?
NXM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.