NXM nexus minerals limited
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Here's some interesting info I have been pondering...You will...

  1. robbo24
    11,347 Posts.
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    28/09/20
    14:07
    Post #: 47678740
    Here's some interesting info I have been pondering...

    You will all be aware that NXM sold its Triumph/Ejudina Gold project tenement (E31/1179) to GIB in July this year.

    https://hotcopper.com.au/data/attachments/2511/2511090-ce52657eddba5a46ac08bc5cc85ed02d.jpg

    What interests me is NXM's right to remove historic tailings from the tenement for a period of up to 2 years.

    https://hotcopper.com.au/data/attachments/2511/2511115-3f222c121afc3746676769c1f1ab908b.jpg

    The Northern end of the Triumph/Ejudina project is 50km or so from Carosue Dam processing plant.

    https://hotcopper.com.au/data/attachments/2511/2511117-112a14b415a929f10345ff3bf04093f2.jpg

    And the Triumph/Ejudina tenement has running through it the Carosue Dam Haul Road. I expect NXM can either stockpile the tailings or just get it processed as part of the Pinnacles JV.

    So... The question is, how many tonnes of tailings are on the Triumph/Ejudina tenement? What is the historic grade of production from the tenement? And more importantly how much cash is NXM going to haul out of Triumph/Ejudina before July 2020?

    Some things to ponder and research while we wait for updates on drilling and feasibility!


    NXM Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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