NXM nexus minerals limited
Add to My Watchlist 0.00% ! 7.7¢

The target is 480-790kozThe MRE is 185kozThe target is what is...

  1. red-frog
    2,665 Posts.
    lightbulb Created with Sketch. 1048
    clock Created with Sketch.
    26/04/23
    13:41
    Post #: 67459022
    The target is 480-790koz
    The MRE is 185koz

    https://hotcopper.com.au/data/attachments/5226/5226308-48a9760abda4e302cc2d98b9b5b10d8e.jpg
    https://hotcopper.com.au/data/attachments/5226/5226311-057eb515730c413e7cdc98a7e2507782.jpg
    The target is what is possible with further drilling.
    The MRE is what is currently defined using Jorc Categories of Inferred and Indicated.

    To lift the MRE to something closer to a mineable deposit (Measured resource) will require plenty more drilling at closer spacings and heaps of dollars, even if the company now limits drill depths to around 200m.

    The main issue is how to raise enough cash to undertake the required drilling to increase the Jorc category on the current MRE whilst also progressing the other areas in order to grow the resource towards the target figure of 480-790koz.

    Around 85,000m of RC drilling undertaken by NXM so far and over 10,000m of Diamond drilling also. At least they now have a target area to work on and probably no longer need to drilling so deep, so hopefully this will help going forward.
    Last edited by red-frog: 26/04/23
    NXM Price at posting: 13.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch. 3  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS FBR Executes Engineering Service Agreement with Samsung Heavy Industries
right-arrow Created with Sketch.
NEWS INOVIQ Kills 88% of Lung and Breast Cancer Cells with New Lab Treatment
right-arrow Created with Sketch.
LU7 Lithium Universe Acquires Global Rights to Transformative Solar Panel Recycling Technology
right-arrow Created with Sketch.
DAL Maiden work program to commence for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
right-arrow Created with Sketch.
NEWS High-Grade Gold Hits Extend Major Lodes at Kpali Prospect in Ghana
right-arrow Created with Sketch.
NEWS Many are concerned about global falling birthrates. This diverse stock has solutions
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
7.7¢ 		Change
0.000(0.00%) 		Mkt cap ! $46.48M
Open High Low Value Volume
7.7¢ 7.7¢ 7.6¢ $7.745K 101.4K

Buyers (Bids)

No. Vol. Price($)
1 200000 7.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.9¢ 16621 2
View Market Depth
Last trade - 11.21am 19/06/2025 (20 minute delay) ?
NXM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.