Nexus Minerals encouraged by multiple LCT pegmatites in Victoria
July 26, 2023 at 01:11 am IST
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Nexus Minerals Ltd (ASX:NXM) MD Andy Tudor tells Proactive the company has identified multiple lithium-caesium-tantalum (LCT) dykes with lithium grades of up to 2.85% in initial field mapping at the Merrimac LCT Project in northeast Victoria. A total of 13 rock chip samples have returned anomalous and high-grade lithium assay results greater than 0.20% Li2O. Across the border in NSW, work has also kicked off at a critical minerals project in the Wagga Omeo Zone (WOZ), which has seen high-quality geophysical data collated and reprocessed.
“To receive such positive results from the first field campaign at the Merrimac LCT Project is hugely encouraging,” Tudor said.
“The results of these initial exploration activities continue to validate and support Nexus’ critical minerals strategy in Victoria and New South Wales, which has seen a significant project generation effort built from first principals geology.
“We look forward to replicating and expanding upon this initial success in NSW, where high-quality geophysical data has been reprocessed for interpretation and target generation.
“We are on track for boots on the ground in NSW later this year where the scale and opportunity for discovery is yet to be fully realised.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Nexus Minerals Limited is an Australia-based resource company. The Companyâs principal activity is engaged in mineral exploration in Australia. The Company has a portfolio of gold projects in Western Australia. Its projects include Wallbrook Gold, Bethanga Porphyry Copper-Gold, Pinnacles Joint Venture Gold, Pinnacles Regional Gold, and Mount Celia Gold. The Wallbrook Gold Project is located over 130 kilometers (km) northeast of Kalgoorlie in the Eastern Goldfields and has a tenement package covering approximately 250 square km. The Bethanga Porphyry Copper-Gold Project site is located 300 km northeast of Melbourne and 30 km east of the major regional center of Albury Wodonga. The Pinnacles Joint Venture Gold Project is located in the Eastern Goldfields of Western Australia, some 100 km northeast of Kalgoorlie-Boulder. The Pinnacles Regional Gold tenements cover approximately 125 square km. The Mount Celia Project is located 180km Northeast of Kalgoorlie.