Nexa Reports Fourth Quarter 2024 Exploration Results
Nexa Resources (NYSE: NEXA) has released its Q4 and full-year 2024 exploration drilling results. The company completed 229,148 meters of total drilling, including 63,779 meters of exploration drilling (8% below target) and 165,369 meters of mining infill drilling. Q4 exploration drilling reached 19,121 meters across Peru (12,910m), Brazil (4,937m), and Namibia (1,273m).
Notable results include significant mineral intercepts at multiple sites: Cerro Lindo's Orebody 8B showed 4.65m at 2.89% Zn; Aripuanã's Massaranduba target yielded 10.1m at 8.04% Zn; Vazante's Sucuri target revealed 4.7m at 15.18% Zn; and El Porvenir's Integración target demonstrated 28.7m at 3.07% Zn.
For 2025, Nexa plans 82,340 meters of drilling, with 62% allocated to Peru. Q1 2025 exploration plans include 13,360 meters across Peru and Brazil.
Nexa Resources (NYSE: NEXA) ha reso noti i risultati della perforazione esplorativa del quarto trimestre e dell'intero anno 2024. L'azienda ha completato 229.148 metri di perforazione totale, di cui 63.779 metri di perforazione esplorativa (8% al di sotto dell'obiettivo) e 165.369 metri di perforazione di integrazione mineraria. La perforazione esplorativa del Q4 ha raggiunto 19.121 metri in Perù (12.910m), Brasile (4.937m) e Namibia (1.273m).
I risultati notevoli includono significativi intersezioni minerarie in più siti: il Corpo minerario 8B di Cerro Lindo ha mostrato 4,65m a 2,89% di Zn; l'obiettivo Massaranduba di Aripuanã ha prodotto 10,1m a 8,04% di Zn; l'obiettivo Sucuri di Vazante ha rivelato 4,7m a 15,18% di Zn; e l'obiettivo Integración di El Porvenir ha dimostrato 28,7m a 3,07% di Zn.
Per il 2025, Nexa prevede 82.340 metri di perforazione, con il 62% allocato al Perù. I piani di esplorazione del Q1 2025 includono 13.360 metri in Perù e Brasile.
Nexa Resources (NYSE: NEXA) ha publicado sus resultados de perforación exploratoria del cuarto trimestre y del año completo 2024. La empresa completó 229.148 metros de perforación total, incluyendo 63.779 metros de perforación exploratoria (8% por debajo del objetivo) y 165.369 metros de perforación de relleno minero. La perforación exploratoria del Q4 alcanzó 19.121 metros en Perú (12.910m), Brasil (4.937m) y Namibia (1.273m).
Los resultados notables incluyen intercepciones minerales significativas en múltiples sitios: el Cuerpo Mineral 8B de Cerro Lindo mostró 4.65m a 2.89% de Zn; el objetivo Massaranduba de Aripuanã obtuvo 10.1m a 8.04% de Zn; el objetivo Sucuri de Vazante reveló 4.7m a 15.18% de Zn; y el objetivo Integración de El Porvenir demostró 28.7m a 3.07% de Zn.
Para 2025, Nexa planea 82.340 metros de perforación, con un 62% destinado a Perú. Los planes de exploración del Q1 2025 incluyen 13.360 metros en Perú y Brasil.
Nexa Resources (NYSE: NEXA)는 2024년 4분기 및 연간 탐사 드릴링 결과를 발표했습니다. 회사는 총 229,148미터의 드릴링을 완료했으며, 이 중 63,779미터가 탐사 드릴링(목표 대비 8% 감소)이고 165,369미터가 광산 인필 드릴링입니다. 4분기 탐사 드릴링은 페루(12,910m), 브라질(4,937m), 나미비아(1,273m)에서 총 19,121미터에 도달했습니다.
주목할 만한 결과에는 여러 사이트에서의 중요한 광물 인터셉트들이 포함되며, Cerro Lindo의 Orebody 8B는 4.65m에서 2.89% Zn을 보여줍니다; Aripuanã의 Massaranduba 목표는 10.1m에서 8.04% Zn을 산출했으며; Vazante의 Sucuri 목표는 4.7m에서 15.18% Zn을 드러냈고; El Porvenir의 Integración 목표는 28.7m에서 3.07% Zn을 보여주었습니다.
2025년을 위해 Nexa는 82,340미터의 드릴링을 계획하고 있으며, 그 중 62%는 페루에 할당됩니다. 2025년 1분기 탐사 계획에는 페루와 브라질에서 13,360미터가 포함됩니다.
Nexa Resources (NYSE: NEXA) a publié ses résultats de forage exploratoire pour le quatrième trimestre et l'année entière 2024. L'entreprise a complété un total de 229,148 mètres de forage, dont 63,779 mètres de forage exploratoire (8% en dessous de l'objectif) et 165,369 mètres de forage de comblement minier. Le forage exploratoire du Q4 a atteint 19,121 mètres au Pérou (12,910m), au Brésil (4,937m) et en Namibie (1,273m).
Les résultats notables comprennent des interceptions minérales significatives à plusieurs sites : le gisement 8B de Cerro Lindo a montré 4,65m à 2,89% de Zn ; l'objectif Massaranduba d'Aripuanã a donné 10,1m à 8,04% de Zn ; l'objectif Sucuri de Vazante a révélé 4,7m à 15,18% de Zn ; et l'objectif Intégration d'El Porvenir a démontré 28,7m à 3,07% de Zn.
Pour 2025, Nexa prévoit 82,340 mètres de forage, avec 62% alloués au Pérou. Les plans d'exploration du Q1 2025 incluent 13,360 mètres au Pérou et au Brésil.
Nexa Resources (NYSE: NEXA) hat ihre Ergebnisse der explorativen Bohrungen für das vierte Quartal und das gesamte Jahr 2024 veröffentlicht. Das Unternehmen hat insgesamt 229.148 Meter Bohrungen abgeschlossen, einschließlich 63.779 Meter explorativen Bohrungen (8% unter dem Ziel) und 165.369 Meter Minenauffüllungsbohrungen. Die explorativen Bohrungen im Q4 erreichten 19.121 Meter in Peru (12.910m), Brasilien (4.937m) und Namibia (1.273m).
Bemerkenswerte Ergebnisse umfassen signifikante Mineralfunde an mehreren Standorten: Die Lagerstätte 8B von Cerro Lindo zeigte 4,65m bei 2,89% Zn; das Ziel Massaranduba von Aripuanã ergab 10,1m bei 8,04% Zn; das Ziel Sucuri von Vazante offenbarte 4,7m bei 15,18% Zn; und das Ziel Integración von El Porvenir demonstrierte 28,7m bei 3,07% Zn.
Für 2025 plant Nexa 82.340 Meter Bohrungen, wobei 62% für Peru vorgesehen sind. Die Explorationspläne für das 1. Quartal 2025 beinhalten 13.360 Meter in Peru und Brasilien.
- Significant high-grade mineral intercepts discovered across multiple sites
- Planned increase in 2025 drilling program to 82,340 meters from 2024's 69,200 meters
- Successful validation of mineralization at key targets including Massaranduba and Sucuri
- Exploration drilling fell 8% short of annual target due to operational challenges
- Operational disruptions at Aripuanã and Vazante
- Heavy rainfall impacting operations at Cerro Lindo
Luxembourg, Luxembourg--(Newsfile Corp. - February 11, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa", or "Company") is pleased to provide today the drilling and assay results from the fourth quarter and full year of 2024. This document contains forward-looking statements.
Summary
Nexa's 2024 drilling strategy focused on near-mine expansion, brownfield and infill drilling, and the exploration of promising greenfield projects.
At the end of the fourth quarter, cumulative drilling totaled 229,148 meters, comprising 63,779 meters of exploration drilling and 165,369 meters of mining infill drilling. Exploration drilling fell approximately
Highlights
- Cerro Lindo, Orebody 8B: 4.65 meters at
2.89% Zn,0.79% Pb,0.08% Cu, and 41.7 g/t Ag in drill hole PECLD07657 from 718.2 meters. - Aripuanã, Massaranduba target: 10.1 meters at
8.04% Zn,1.95% Pb,0.28% Cu, 45.16g/t Ag and 0.15g/t Au in drill hole BRAPD000201 from 458.0 meters. - Vazante, Sucuri target: 4.7 meters at
15.18% Zn,0.19% Pb, and 30.12g/t Ag in drill hole MVZMV420P14170D18 from 208.7 meters. - El Porvenir, Integración target: 28.7 meters at
3.07% Zn,1.60% Pb,0.11% Cu, 91.97 g/t Ag, and 0.87 g/t Au in drill hole PEEPD02857 from 333.6 meters.
Commenting on the report, Jones Belther, Senior Vice President of Technical Services & Business Development, stated: "During 2024, we achieved
For a full version of this document, please go to our Investor Relations website at: https://ri.nexaresources.com/.
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla located in Lima, Peru, which is the largest smelter in the Americas.
Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of NEXA to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements.
Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of our projects, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.
Our estimates and forward-looking statements may also be influenced by regulatory changes in the countries where we operate, including new trade restrictions, tariff escalations, and policy shifts affecting cross-border commerce and supply chains. Certain forward-looking statements are based on third-party data, market forecasts, and assumptions that may be subject to change. Nexa does not guarantee the accuracy of such external data and disclaims any obligation to update these statements unless required by law.
These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, CAPEX, expenses related to exploration and project evaluation, estimation of mineral reserves and/or mineral resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
We assume no obligation to update forward-looking statements except as required under securities laws. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).
For further information, please contact:
Investor Relations Team
ir@nexaresources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240457
FAQ
What were NEXA's total drilling meters completed in Q4 2024?
What are NEXA's drilling targets for Q1 2025?
What was the highest zinc grade discovered in NEXA's Q4 2024 drilling program?
How much of NEXA's 2025 drilling program will be focused on Peru?
What caused NEXA to miss its 2024 exploration drilling target?
