Nexus Minerals Ltd (ASX:NXM) MD Andy Tudor tells Proactive the company has identified multiple lithium-caesium-tantalum (LCT) dykes with lithium grades of up to 2.85% in initial field mapping at the Merrimac LCT Project in northeast Victoria. A total of 13 rock chip samples have returned anomalous and high-grade lithium assay results greater than 0.20% Li2O. Across the border in NSW, work has also kicked off at a critical minerals project in the Wagga Omeo Zone (WOZ), which has seen high-quality geophysical data collated and reprocessed.
To receive such positive results from the first field campaign at the Merrimac LCT Project is hugely encouraging, Tudor said.
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 NSW, where high-quality geophysical data has been reprocessed for interpretation and target generation.
We are on track for boots on the ground in NSW later this year where the scale and opportunity for discovery is yet to be fully realised.
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Nexus Minerals Ltd
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