Articles On Nexus Minerals (ASX:NXM)

In the June quarter, it completed two diamond drill holes at the Crusader Gold Prospect within the broader Wallbrook Project, which confirmed down-dip extensions. 

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

The ASX 200 index closed near its lows Thursday, falling by 0.39% on lower-than-normal volume. Nine out of 11 sectors were lower, led by Health Care, which lost 1.44%. The Materials sector – which includes chemicals and plastics, constructi...

The company is actively exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia.

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

The Crusader Prospect is part of the larger Wallbrook Project – that lies 150 kilometres northeast of Kalgoorlie and adjoins Northern Star’s multi-million-ounce Carosue Dam mining operations.

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

Strong results have been received from the start of the company’s 2021 exploration drilling, following on from the high-grade assays received across multiple prospects at the Wallbrook Project in 2020.

The targeted company owns 100% of the Bethanga Porphyry Copper-Gold project tenements in northeast Victoria spread over 194 square kilometres of landholding.

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

The company is planning reverse circulation and diamond drilling programs with the drill rigs targeted to start in early March. 

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

The feasibility study will incorporate resource definition drilling, geotechnical drilling, environmental studies and metallurgical test-work along with other key assessments and permitting.

The drill program tested the zone from 100 metres to 150 metres depth with mineralisation remaining open at depth and along strike.

The company recently presented at Proactive’s Gold Webinar where managing director Andy Tudor discussed the team’s strategic landholding of various gold projects in Western Australia.

Assays from a recently completed 35-hole reverse circulation program have outlined an extensive mineralised system centred on a mineralised porphyry unit.

The proceeds will be used to complete the feasibility study at Pinnacles Gold Joint Venture and to fund ongoing exploration at the Wallbrook Gold Project.

The company is in a trading halt which will remain in place until the start of trading on Thursday, November 19, or when an announcement is released to the market.

Three specific zones targeted in the RC drill program have confirmed high-grade mineralisation, prompting the company to accelerate its project timeline to complete a feasibility study in late 2020.

Nexus Minerals (ASX:NXM) has hit shallow, high-grade gold confirming that mineralisation extends over 700m of strike at the Templar prospect ... Read More The post High-grade gold hits extend Nexus’ Wallbrook project appeared first on Stock...

The first pass shallow drilling has confirmed broad and high-grade mineralisation extending over 700 metres and remaining open in all directions.

The RC drill program followed up on positive aircore drill results and geophysical targets, intersecting broad high-grade gold zones.

There’s 191 ASX gold stocks on our list — from $25bn behemoth Newcrest (ASX:NCM) all the way down to $4.7m tiddler African Gold (ASX:A1G) – with a combined market cap of ~$82.8bn. Despite running out of puff in August and September the gold...

Nexus holds 125 square kilometres of highly prospective geological terrane within a major regional structural corridor and is exploring for gold deposits.

Nexus is actively exploring for gold deposits on its highly prospective 250 square kilometre tenement package in the Eastern Goldfields.

The sudden drop in spot gold prices and reintroduction of COVID-19 restrictions in New Zealand have hit the relevant ASX small caps this morning. After 100 days of being virus-free, four COVID-19 cases were detected in the country. New Zeal...

ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn. According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead...

The date by which the option must be exercised to acquire 100% of the Edjudina Gold Project is set for the 14th of January 2021.

The date by which the option must be exercised to acquire 100% of the Edjudina Gold Project is set for the 14th of January 2021.

After a dip below the $US1,800 ($2569.86) an ounce mark over the weekend, spot gold prices have bounced back to $US1,810.9 an ounce as it resumes its march towards all-time highs. Gold for August delivery also rose 80c an ounce to $US1,814....

As part of the Pinnacles feasibility study, Nexus is determining the feasibility of the open cut potential of the Pinnacles East gold resource area, with deeper mineralisation to be considered as a potential underground operation.