Wallbrook Drilling Yields 20m at 4.06g/t Gold, Confirms 1.2km Mineralised Strike

• 59-hole RC drilling program completed, 6,155 metres total
• Clement Prospect delivers stacked high-grade gold lodes from surface
• Godfrey Prospect confirms 1.2km strike mineralised system with surface expression
• New 10,000 metre aircore drilling underway at MC3.3 and Branches Prospect
• Company holds $9.6 million cash, well positioned for ongoing exploration

Strong Drilling Results at Clement and Godfrey

Nexus Minerals Limited (ASX – NXM) has announced compelling results from its recently completed reverse circulation (RC) drilling program at the Wallbrook Gold Project in Western Australia. The 59-hole, 6,155-metre campaign targeted the Clement and Godfrey prospects, both situated near the company’s Crusader-Templar deposit, which hosts a combined mineral resource of approximately 304,000 ounces of gold.

The Clement Prospect, located just 250 metres east of Crusader-Templar, revealed a series of stacked high-grade gold lodes starting from surface and extending to at least 200 metres depth. Highlights include intercepts such as 20 metres at 4.06 grams per tonne (g/t) gold from 116 metres, and 20 metres at 2.39 g/t including 4 metres at 4.47 g/t from 36 metres. These results build on previous aircore drilling successes and suggest a mineralising system larger than previously understood.

Godfrey Prospect Extends Mineralisation Footprint

Further east, the Godfrey Prospect confirmed a northwest-striking lode system extending over approximately 1.2 kilometres. Drilling results demonstrated mineralisation reaching surface, with notable intercepts such as 4 metres at 1.96 g/t gold from 84 metres and 4 metres at 1.19 g/t from surface. The mineralisation style and geology at Godfrey share similarities with Clement and Crusader-Templar, reinforcing the potential for a connected, large-scale gold system.

Expanding Exploration with Aircore Drilling

Building on the RC program’s success, Nexus has commenced a 10,000-metre aircore drilling campaign targeting new areas including MC3.3, located 700 metres east of Crusader-Templar, and the Branches Prospect, 2.5 kilometres north. These programs aim to test structural complexities and strike extensions, with results expected by mid-November. The company’s strong cash position of $9.6 million as of September 30, 2025, supports this aggressive exploration push.

Implications for Wallbrook’s Future

Managing Director Andy Tudor emphasised the significance of these findings, noting that the mineralising system underpinning the Crusader-Templar deposit appears more extensive than previously recognised. The proximity and grade continuity at Clement and Godfrey open avenues for resource growth and potentially new mining opportunities. However, final one-metre assay results are pending, which will provide greater clarity on the mineralisation’s continuity and grade distribution.

While no Ore Reserves have yet been defined on the Wallbrook tenements, these results mark a pivotal step in advancing the project’s exploration maturity. The company plans further drilling and technical studies to refine geological models and assess economic viability.

Bottom Line?

Nexus Minerals’ latest drilling success at Wallbrook signals a promising expansion of its gold system, setting the stage for resource growth and further exploration breakthroughs.

Questions in the middle?

• How will the pending one-metre assay results impact the interpretation of mineralisation continuity and grade?
• What are the timelines and criteria for advancing from exploration to resource estimation and potential mining studies?
• Could the emerging scale of mineralisation at Clement and Godfrey lead to a significant resource upgrade near Crusader-Templar?