Kalkine: Nexus Minerals Unveils New Growth Path at Wallbrook with Drilling Expansion

June 12, 2025 03:40 PM AEST | By Team Kalkine Media

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Kalkine: Nexus Minerals Unveils New Growth Path at Wallbrook with Drilling Expansion — Image source: Shutterstock

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Highlights

Nexus extends drilling efforts at Wallbrook Gold Project.

2.1km mineralised zone potential mapped at Branches.

Reverse circulation drilling underway at Payns.

Nexus Minerals (ASX:NXM) has announced a significant step forward in its exploration strategy, revealing plans to further extend drilling at the Branches prospect within the Wallbrook Gold Project, located in Western Australia.

This development follows the successful completion of an aircore drilling campaign, which delivered encouraging assay results. The standout results came from target MC1.4, where an anomalous trend has been traced extending 1 kilometre further south from the known mineralised zone. As a result, the mineralised corridor at Branches now presents potential continuity over a 2.1-kilometre strike length.

The company, currently valued at around $50.7 million, sees this as a strong indicator of the region’s exploration promise. According to internal analysis, the MC1.4 target has effectively doubled the interpreted mineralised footprint at the prospect, supporting broader strategic expansion efforts.

Nexus Minerals' Managing Director, Andy Tudor, expressed optimism regarding the outcome of this campaign, noting that the quality and scale of the exploration targets support an exciting phase of advancement for the Wallbrook project. The broader drilling initiative aims to build on this momentum by evaluating the neighbouring MC4.3 and MC5.4 targets.

The MC4.3 area has displayed multiple anomalous signals that are set to undergo detailed field validation studies and multi-element data interpretation. Meanwhile, MC5.4, which delivered limited intercepts without consistent geological trends, will not proceed to the next phase.

In tandem with the ongoing regional exploration, a 4,000-metre reverse circulation drilling program is in motion at the Payns prospect. This marks the first such initiative targeting recent aircore discoveries in the area, and it is expected to further define subsurface mineralisation.

The Wallbrook Gold Project spans a substantial 192 square kilometres and comprises tenements acquired in 2018 from Newmont (NEM) and the now-deregistered Saracen Minerals. The project remains central to Nexus Minerals' strategy as it seeks to capitalise on its extensive gold and copper asset base across key regions including Western Australia, New South Wales, and Victoria.

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