NXM: Diamond Drilling Commences at Wallbrook Gold Deposits
Original announcement by asx on
- Company
- Nexus Minerals Limited
- Ticker
- NXM
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Other, Resource update
- Extracted
- 2026-10-18 22:10:54 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Nexus Minerals Limited has commenced a ~2,000m diamond drilling program at its Wallbrook Gold Project in Western Australia. The program aims to gather technical information to support maiden mineral resources for the Payns and Branches prospects, upgrade inferred resources to indicated category, and collect bulk density and metallurgical samples for mine studies. This drilling follows a recently updated Mineral Resource Estimate for Wallbrook, which increased to 13.3 Mt at 1.5 g/t Au for 631,000 oz.
Reasoning: The announcement details the commencement of a diamond drilling program with clear objectives to advance resource confidence and collect data for future mine studies, which is a positive operational step. However, no new drill results are presented, and the detailed resource estimate is a re-statement of a prior announcement, limiting the novelty of the release.
Positive factors
- Commencement of diamond drilling program to advance project
- Drilling aims to support maiden mineral resources and upgrade resource classification
- Collection of technical data for mine studies (bulk density, metallurgy, waste rock)
Negative factors
- No new drill results (assays, grades, widths) reported in this announcement
- Resource estimate details are a re-release of previously announced information
Facts used in scoring: 19
Extracted facts
Stored fact records: 19. Some facts used in scoring do not have a stored record.
Resource Estimates (19)
indicatedWallbrook Gold Project · goldTonnes: 4300000Grade: 1.5Grade Unit: g/tContained Metal: 207000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:6957a709185241872430
- Deposit or zone
- Crusader – Templar
Resource Data
- Category
- indicated
- Tonnes
- 4300000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 207000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“1.5”
Context: 4,300
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 4,300
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredWallbrook Gold Project · goldTonnes: 5070000Grade: 1.5Grade Unit: g/tContained Metal: 240000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:a878aecccb4f8305c483
- Deposit or zone
- Crusader – Templar
Resource Data
- Category
- inferred
- Tonnes
- 5070000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 240000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.5”
Context: 5,070
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 5,070
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredWallbrook Gold Project · goldTonnes: 1430000Grade: 1.9Grade Unit: g/tContained Metal: 86000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:31528ddaa9d9c27abec8
- Deposit or zone
- Crusader – Templar
Resource Data
- Category
- inferred
- Tonnes
- 1430000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 86000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.9”
Context: 1,430
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 1,430
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredWallbrook Gold Project · goldTonnes: 1200000Grade: 1.3Grade Unit: g/tContained Metal: 50000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:bed444a18b5b6a228b9e
- Deposit or zone
- Payns
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 50000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Payns deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.3”
Context: 1,200
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 1,200
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredWallbrook Gold Project · goldTonnes: 1100000Grade: 1Grade Unit: g/tContained Metal: 35000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:82179d5aa88337e75453
- Deposit or zone
- Branches
Resource Data
- Category
- inferred
- Tonnes
- 1100000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 35000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Branches deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.0”
Context: 1,100
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 1,100
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredWallbrook Gold Project · goldTonnes: 240000Grade: 1.6Grade Unit: g/tContained Metal: 13000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:700b0b9c42923530b8be
- Deposit or zone
- Branches
Resource Data
- Category
- inferred
- Tonnes
- 240000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 13000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Branches deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.6”
Context: 240
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 240
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
indicatedPinnacles Gold Project · goldTonnes: 140000Grade: 2.6Grade Unit: g/tContained Metal: 11000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:8813585e219d52c6ad37
- Deposit or zone
- Pinnacles
Resource Data
- Category
- indicated
- Tonnes
- 140000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 11000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“2.6”
Context: 140
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 140
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredPinnacles Gold Project · goldTonnes: 19000Grade: 1.6Grade Unit: g/tContained Metal: 1000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:5a6bf22d780bfbdd3266
- Deposit or zone
- Pinnacles
Resource Data
- Category
- inferred
- Tonnes
- 19000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.6”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 19
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
indicatedPinnacles Gold Project · goldTonnes: 170000Grade: 5.6Grade Unit: g/tContained Metal: 30000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:cc88531cab60523455bf
- Deposit or zone
- Pinnacles
Resource Data
- Category
- indicated
- Tonnes
- 170000
- Grade
- 5.6
- Grade Unit
- g/t
- Contained Metal
- 30000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“5.6”
Context: 170
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 170
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
inferredPinnacles Gold Project · goldTonnes: 280000Grade: 4Grade Unit: g/tContained Metal: 36000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:d52d9a3a6b2bc38b1891
- Deposit or zone
- Pinnacles
Resource Data
- Category
- inferred
- Tonnes
- 280000
- Grade
- 4
- Grade Unit
- g/t
- Contained Metal
- 36000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“4.0”
Context: 280
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 280
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
indicatedWallbrook Gold Project · goldTonnes: 4300000Grade: 1.5Grade Unit: g/tContained Metal: 207000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:508a4c723a8b25acfc90
- Deposit or zone
- Wallbrook Project Total
Resource Data
- Category
- indicated
- Tonnes
- 4300000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 207000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“1.5”
Context: 4,300
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 4,300
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredWallbrook Gold Project · goldTonnes: 9040000Grade: 1.5Grade Unit: g/tContained Metal: 424000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:d7c35f6d909d34b8bfed
- Deposit or zone
- Wallbrook Project Total
Resource Data
- Category
- inferred
- Tonnes
- 9040000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 424000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.5”
Context: 9,040
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 9,040
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Wallbrook Project TotalWallbrook Gold Project · goldTonnes: 13340000Grade: 1.5Grade Unit: g/tContained Metal: 631000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Wallbrook Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:5de1d3e9363043a1f9bc
- Deposit or zone
- Wallbrook Project Total
Resource Data
- Tonnes
- 13340000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 631000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Stale Data Re-release
Evidence · table
“1.5”
Context: 13,340
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedPinnacles Gold Project · goldTonnes: 310000Grade: 4.2Grade Unit: g/tContained Metal: 42000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:4862835ac5344968c150
- Deposit or zone
- Pinnacles Project Total
Resource Data
- Category
- indicated
- Tonnes
- 310000
- Grade
- 4.2
- Grade Unit
- g/t
- Contained Metal
- 42000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“4.2”
Context: 310
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 310
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredPinnacles Gold Project · goldTonnes: 299000Grade: 3.8Grade Unit: g/tContained Metal: 37000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:dbfd1e6a9e3dd92314cc
- Deposit or zone
- Pinnacles Project Total
Resource Data
- Category
- inferred
- Tonnes
- 299000
- Grade
- 3.8
- Grade Unit
- g/t
- Contained Metal
- 37000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“3.8”
Context: 299
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 299
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Pinnacles Project TotalPinnacles Gold Project · goldTonnes: 609000Grade: 4Grade Unit: g/tContained Metal: 78000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Pinnacles Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:48c8bbcba16cdc15fd72
- Deposit or zone
- Pinnacles Project Total
Resource Data
- Tonnes
- 609000
- Grade
- 4
- Grade Unit
- g/t
- Contained Metal
- 78000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Stale Data Re-release
Evidence · table
“4.0”
Context: 609
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
indicatedGroup Resource · goldTonnes: 4610000Grade: 1.7Grade Unit: g/tContained Metal: 249000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Group Resource
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:55201a55a5545eeb8cd9
- Deposit or zone
- Grand Total
Resource Data
- Category
- indicated
- Tonnes
- 4610000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 249000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
- Indicated Resource
Negative factors
- Stale Data Re-release
Evidence · table
“1.7”
Context: 4,610
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 4,610
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
inferredGroup Resource · goldTonnes: 9339000Grade: 1.5Grade Unit: g/tContained Metal: 460000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Group Resource
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:618318ad4de669808ee3
- Deposit or zone
- Grand Total
Resource Data
- Category
- inferred
- Tonnes
- 9339000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 460000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Inferred Resource
- Stale Data Re-release
Evidence · table
“1.5”
Context: 9,339
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is classified as Inferred, indicating a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 9,339
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Grand TotalGroup Resource · goldTonnes: 13949000Grade: 1.6Grade Unit: g/tContained Metal: 709000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Group Resource
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NXM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Jeremy Clark, Mr Adam James
- Resource group id
- resource:0121edbd6c6399ae5cc2
- Deposit or zone
- Grand Total
Resource Data
- Tonnes
- 13949000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 709000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-17
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-17T00:00:00.000Z
Dates
- Event date
- 2026-10-18T00:00:00.000Z
Reasoning: This is a re-release of a previously announced total resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons.
Positive factors
- JORC Compliant
- QP/CP Signed
Negative factors
- Stale Data Re-release
Evidence · table
“1.6”
Context: 13,949
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.