Nexus Minerals Identifies Multiple LCT Pegmatites

THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) reported results from recent field reconnaissance undertaken on the company’s Merrimac LCT (lithium-caesium-tantalum) project in Victoria.

Nexus Minerals collected rock chip samples whilst field mapping that returned lithium oxide grades up to 2.85 per cent, identified in fertile LCT pegmatite dykes.

A total of 13 rock chip samples returned anomalous and high-grade lithium assay results greater than 0.2 per cent lithium oxide (Li2O).

Five samples returned high-grade Li2O, including 2.85 per cent, 1.37 per cent, 1.28 per cent, 1.11 per cent and 1 per cent.

The company has also commenced activities on its New South Wales critical minerals project, from which it has already collated and reprocessed high quality geophysical data.

“To receive such positive results from the first field campaign at the Merrimac LCT project is hugely encouraging,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“The results of these initial exploration activities continue to validate and support Nexus’ critical minerals strategy in Victoria and New South Wales, which has seen a significant project generation effort built from first principals geology.

“We look forward to replicating and expanding upon this initial success in New South Wales, where high quality geophysical data has been reprocessed for interpretation and target generation.

“We are on track for boots on the ground in New South Wales later this year where the scale and opportunity for discovery is yet to be fully realised.”

Nexus Minerals has secured the largest package of exploration tenure in NSW (extending south into Victoria) where it intends to undertake the search for critical minerals – lithium, caesium, tantalum, tin and copper.

Very limited exploration for these critical minerals has taken place in this highly prospective geological terrain.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE