Nexus Minerals Ltd. (AU:NXM) has released an update.
Nexus Minerals Ltd. has reported promising results from a Scoping Study on its Crusader-Templar Gold Project in Western Australia, indicating robust project economics and potential for significant cash generation across various gold prices. The study, which currently accounts for only 26% of the known resource, suggests options for development, including joint ventures or sales, to advance the project. Despite the potential, the company acknowledges further drilling and studies are needed to improve the project’s economics and cautions investors about the preliminary nature of the study and funding uncertainties.
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