Nexus Minerals Hits 26.53g/t Gold at Clement Prospect in Wallbrook Drilling

Strong Gold Grades Confirm Multi-Lode System at Clement

Nexus Minerals Limited (ASX:NXM) has unveiled impressive initial results from its Wallbrook Gold Project, with the first tranche of reverse circulation (RC) drilling at the Clement Prospect returning gold grades as high as 26.53 grams per tonne (g/t). These broad, high-grade intercepts came from 10 holes totalling 1,882 metres, all of which encountered anomalous gold mineralisation confirming a stacked multi-lode geometry.

Highlights include a standout 12 metres at 3.81g/t Au with a blistering 1 metre at 26.53g/t Au within that interval, alongside other significant hits such as 15 metres at 2.02g/t Au and 13 metres at 1.85g/t Au featuring high-grade sub-intervals. This initial batch represents about 30% of the planned drilling at Clement, with assays continuing to flow as the program advances.

Strategic Location Next to Established Crusader-Templar Deposit

Clement sits immediately adjacent to the Crusader-Templar Deposit, which hosts a combined Mineral Resource Estimate (MRE) of 304,000 ounces at 1.7g/t Au. Geological and alteration similarities between the two prospects hint at the potential for one continuous mineralised system within this prolific gold corridor. Nexus is looking to leverage this proximity to expand the Wallbrook resource inventory beyond Crusader-Templar’s footprint.

The current drilling at Clement aims to validate the mineralisation’s geometry and continuity over a 650-metre strike length, with the ultimate goal of establishing sufficient data to support a maiden MRE. This effort is part of a broader ~22,000-metre RC drilling campaign that also targets the Payns, Branches, and Crusader-Templar prospects. The program is on track for completion by July, with assay results expected through August and September.

Drilling Program and Resource Update Timeline

Managing Director Andy Tudor emphasised the disciplined approach underpinning these results, noting the systematic exploration over the past 18 months has laid a solid foundation. The company has engaged independent geologist Jeremy Clark to deliver an updated multi-prospect Mineral Resource Estimate targeted for the end of the September quarter.

The drilling uses industry-standard RC techniques with one-metre sampling intervals analysed via Chrysos PhotonAssay™ technology, which is considered superior for gold detection in this setting due to its larger sample size and better handling of coarse gold. Quality assurance protocols are robust, with certified reference materials and field duplicates ensuring data integrity.

This drilling campaign builds on previous efforts that identified multiple priority targets across the Wallbrook tenements, including the recently reported high-grade results from other prospects in the region. Nexus’s strategy to consolidate and expand its footprint in this major regional structural corridor aligns with its ambition to establish Wallbrook as a significant new gold camp in Western Australia.

Next Steps in Exploration and Resource Development

With approximately 10,000 metres already completed, drilling continues at Clement and Payns before moving to Branches and Crusader-Templar. The company plans to integrate these results into a comprehensive resource update, which will provide a clearer picture of the project's scale and economic potential.

While no Ore Reserves have yet been defined and true widths of mineralisation remain uncertain, these early results are a promising indicator of the prospect’s potential. The upcoming assay releases and resource modelling will be critical to watch, as they will shape the development trajectory of Wallbrook’s multi-prospect portfolio.

This drilling program follows Nexus’s recent 22,000m drilling campaign launch and builds on its ongoing efforts to advance the Crusader-Templar deposit towards mining through a partnership with Macro Gold Mining Services, as detailed in the Crusader-Templar mining partnership. These developments collectively position Nexus as a company to watch in the Eastern Goldfields exploration space.