I wonder how much, if any of the original MRE from a few years...

I wonder how much, if any of the original MRE from a few years ago was included.

Still plenty of areas yet to be explored which will need to be funded soon.



With only two areas making up the target of 480-790koz, the potential of NXM's ground is not in doubt imo. It's the time and costs required going forward that becomes the largest factor here.

How does the company raise enough cash to speed up the rather labourious process so the company can work on more fronts concurrently on the gold projects and also give the eastern states ground the attention deserved?



Hopefully Andy outlines a two year plan for Nexus as we now need some direction here. Gold is hot right now as is battery metals. How can the company fully fund their projects and progress things faster than the last few years?

I understand that they needed to start with the basics but now they have open fronts right along their pyramid on all levels so need to be able to fund the work adequately. That includes a larger team on the ground imo.

There's soil surveys for MC1-5, aircore drilling for Target 3.2 and RC drilling of Branches and Target 4.1 all planned over the next few months.

None of the above includes either Crusader-Templar or Bethanga which I would argue both need attention also, despite not being in the planned work.

I hope Andy decides that closer spaced drilling to lift the MRE to at least partly Measured is a priority, along with further exploration to get as much of the Target included in the MRE. I know he is mainly focussed for now on further potential shallow deposits to the east but, the 175koz resource is not large enough to attract attention imo.

Having started promoting Bethanga, this area now needs to be addressed rather than have no plans for it this quarter.

The company has taken a long time to get a 175koz MRE after already having an 85koz Jorc from way back. It's not from a lack of effort as there has been a huge amount of drilling to get this figure. It would be good if NXM could show a breakdown on how much of the 100,000m or so of drilling is within the MRE and Target area.

Just the opinions and ramblings of a slightly frustrated shareholder. This may be a success geologically speaking, but not so much from a shareholder perspective unfortunately.