Nexa Reports Second Quarter 2024 Exploration Results

Nexa Resources S.A. has released its drilling and assay results for the second quarter of 2024. The company's drilling efforts have targeted near-mine expansion, brownfield and infill drilling, along with exploratory work on greenfield projects.

By the end of Q2, Nexa completed 105,198 meters of drilling. This comprised 25,808 meters of exploratory drilling and 80,426 meters of mining infill drilling. Exploratory drilling included 15,857 meters, with significant activity in Peru and Brazil. Technical and mechanical issues, as well as weather delays, caused some lag in the drilling schedule.

For the next quarter, plans include 13,221 meters in Peru, 8,050 meters in Brazil, and 1,500 meters in Namibia. Key results include notable mineral interceptions at Cerro Lindo, Pasco complex, and Aripuanã.

Jones Belther, Senior VP of Mineral Exploration & Business Development, highlighted the strategic focus on brownfield exploration and expanding the mineral portfolio.