Nexus Minerals Ltd.
AASX:NXM0.04
AUD
+0.00
(-2.44%)
ISIN
AU000000NXM3
Return %
Stock
S&P 500
1Y
-46.67
14.20
3Y
0.00
81.12
5Y
-91.00
68.34
Capital Structure
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Andrew Jonathon Tudor
- Full Time Employees
- 13
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 41-47 Colin Street West Perth WA Australia 6005
- IPO Date
- Jan 23, 2007
- Website
- nexus-minerals.com
- Similar Companies
- Business
- Nexus Minerals Limited (ASX:NXM) is an Australian minerals exploration company focused on gold and critical minerals projects across Western Australia, New South Wales, and Victoria. The company holds a portfolio of highly prospective tenements including the 192 square kilometre Wallbrook Gold Project in the Eastern Goldfields of Western Australia, located 130 kilometres northeast of Kalgoorlie and adjoining Northern Star Resources' multi-million ounce Carosue Dam operations; the Pinnacles JV Gold Project (90% Nexus / 10% Northern Star Resources (ASX:NST)) and Pinnacles Regional Gold Project, both 100 kilometres northeast of Kalgoorlie and hosting a JORC 2012 Mineral Resource Estimate of 609,000 tonnes at 4 grams per tonne gold for 78,000 ounces; the 15,000 square kilometre Jamieson NSW Minerals Project in the Lachlan Orogen's Wagga-Omeo Zone targeting gold, copper, lithium, caesium, tantalum, and tin; and the 141 square kilometre Bethanga Porphyry Copper-Gold Project, 300 kilometres northeast of Melbourne in Victoria. Nexus explores for gold, copper, caesium, tantalum, tin, and lithium deposits through systematic drilling programs including reverse circulation, aircore, and diamond drilling; resource definition and expansion at key prospects such as Crusader-Templar, Branches, and MC4.1 within Wallbrook; regional prospectivity assessment across five mineralised corridors; and scoping studies for open-pit mining and toll treatment. Founded in 2006 and headquartered at 41-47 Colin Street, West Perth, Western Australia, the company was formerly known as Hemisphere Resources Limited and listed on the ASX in February 2007. Recent developments include a May 2024 update to the Crusader-Templar JORC 2012 Mineral Resource Estimate expanding contained gold ounces by 70% to 304,000 ounces across 5.67 million tonnes at 1.7 grams per tonne (0.4 grams per tonne cut-off), with 46% in the Indicated category; a positive June 2024 Scoping Study for Stage 1 open-pit mining of 1.5 million tonnes at 1.75 grams per tonne for 80,000 ounces, projecting undiscounted cash surplus of A$67 million at A$3,500 per ounce gold and pre-production capital of A$2.2-3.3 million; an April 2025 A$8.1 million institutional placement to accelerate exploration; ongoing regional aircore drilling successes at Wallbrook with intercepts such as 4 metres at 6.85 grams per tonne gold; and advancement of the Pinnacles JV toward potential Q2 2026 gold production via underground mining, with mine closure plan submission planned for late 2025, board approval targeted for December 2025, and ore sales to Northern Star under an existing agreement.
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