Just the Facts: Nexus Minerals revisits Pinnacles gold study amid record prices

Proactive - Interviews for investors

Proactive’s Tylah Tully breaks down Just the Facts of the latest news from Nexus Minerals Ltd (ASX:NXM). The company has launched a new underground mine study for the Pinnacles Joint Venture Gold Project, driven by a recent rise in gold prices. Nexus holds a 90% stake in the project, while Northern Star Resources holds the remaining 10%. The Pinnacles deposit contains a resource of 609,000 tonnes at 4 g/t gold, totalling 78,000 ounces. The underground portion accounts for 450,000 tonnes at 4.6 g/t gold, representing 66,000 ounces. The project is just 13 kilometres from Northern Star’s Carosue Dam Processing Plant, with a sale agreement in place for Nexus to sell ore to Northern Star. With gold prices reaching historic highs, Nexus views Pinnacles as a valuable near-term production opportunity. Key studies, including geotechnical, groundwater and metallurgical testing, have been completed, showing recovery rates exceeding 97%. Permits are in place for a rapid and cost-effective development, if favourable economics are confirmed. The deposit also remains open for further exploration below 300 metres. Nexus is conducting this mine study alongside a scoping study at the nearby Crusader-Templar Gold Deposit. #ProactiveInvestors #NexusMinerals #ASX #PinnaclesGold #GoldMining #NorthernStarResources #UndergroundMining #GoldExploration #MiningStudy #GoldPrice #AustralianMining #OreSaleAgreement #GoldProject #MineDevelopment #GoldDeposit #MiningUpdate #MiningNews #GeotechnicalStudy #GoldPotential #MetallurgicalTesting #MiningEconomics #GoldProduction #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews