Nexus Minerals Ltd (ASX: NXM)
Nexus Minerals Limited (ASX: NXM) has commenced its first RC drilling program at the Payns Prospect, targeting continuity and geometry of previously identified gold zones. This follows previous aircore drilling success across multiple Wallbrook prospects mainly Payns, which has returned high grade gold over a 900m x 750m area. The current RC drilling campaign aims to build on this momentum. The broader aircore campaign of 313 holes for 11,691 metres revealed strong results across regional targets outlining two new discoveries - Payns and Godfrey. These results reinforce the exploration focus on near surface gold mineralisation across the growing Wallbrook Gold Camp.
Crusader-Templar has shown technical promise for a multi-pit open pit operation. Discussions continue around operational and toll treatment partnerships. A Mine Proposal and Closure Plan is ongoing. The Mineral Resource Estimate features 46% indicated material and strong metallurgical recoveries - 98% in oxide and 97.6% in fresh rock. The scoping study, based on a gold price of $3,500 outlines a production target of 1.5Mt at 1.75g/t for 80koz gold, generating an estimated $67M cash surplus.
NXM has secured over 15,000km² of tenure in New South Wales under a large scale pegging initiative. The area spans the Wagga-Omeo Zone, known for Silurian granites and historic tin mining and is viewed as highly prospective for gold and critical minerals such as copper, lithium, caesium, tantalum and tin. The company aims to leverage its early mover position for regional scale exploration across this 700km-long, 80km-wide zone.
Dateline Resources Ltd (ASX: DTR)
Dateline Resources Ltd (ASX: DTR), on 02 June 2025 announced that it has initiated an integrated exploration program at its Colosseum Gold and Rare Earth Element Project in California. Recent geological mapping exposed new felsite dykes west and southwest of the historic open pits, indicating the possibility of a broader breccia pipe system. A claim wide geochemistry program is scheduled to begin mid-June 2025, complemented by a magnetotelluric geophysics survey to support drill targeting. Plans are underway for a focused rare earth drilling campaign, pending results from the ongoing surveys.
Field mapping and sampling have returned promising anomalies in felsite outcrops located west and southwest of the Colosseum pit. These align with existing breccia pipe structures signifying a possible extension of the mineralized system. Geochemical signatures featuring antimony, bismuth and tellurium indicate an intrusion-related gold system, consistent with mineralization halos typically found in vertically zoned systems
DTR, on 26 May 2025 shared its updated Colosseum Gold Project Scoping Study to reflect a revised gold price of US$ 2,900/oz. This adjustment increased revenue and project valuation metrics. Recent cash inflows from option exercises and anticipated proceeds from an asset sale have boosted the cash position to fully fund the Bankable Feasibility Study. Metallurgical test work has commenced and planning for rare earths drilling continues. Preparations for an OTCQB U.S. listing are progressing and additional studies on construction material applications for mine waste are ongoing.
(Source: Company Announcements)
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