NXM the next multi bagger, page-851

Thanks for raising this question ByCon.

The Scoping Study is considering open pit and underground mining development down to 340m below surface. That is very deep for a mining study of a mere 78koz Au.



The mineralisation is too narrow (although continuous at depth) to be able to mine this economically.


Once the 6km of outstanding RC drill assays are returned in the coming weeks, the Wallbrook Project (Crusader, Templar, Branches, Golden Dyke) should rank higher than Pinnacles for endowment potential, with Crusader and Templar already indicating thicker mineable intercepts from surface.