Nexus Minerals Extends High-Grade Gold Zone at Wallbrook’s Templar Prospect

High-Grade Gold Extensions Confirmed at Templar

Nexus Minerals Limited (ASX:NXM) has unveiled a fresh tranche of assay results from its ongoing reverse circulation (RC) drilling campaign at the Wallbrook Gold Project in Western Australia. The latest data from 22 holes, totaling 1,810 metres at the Templar Prospect within the Crusader-Templar Deposit, reveal a shallow, high-grade gold structure extended approximately 200 metres beyond previous models.

Highlight intercepts include a striking 1-metre section grading 41.27 grams per tonne (g/t) gold within a broader 7-metre zone averaging 7.53g/t Au from 48 metres depth. Other notable hits feature 6 metres at 5.63g/t Au including 1 metre at 15.29g/t Au, reinforcing the prospect’s reputation as a high-value target within the deposit.

Resource Growth Potential and Remaining Assays

This mineralised corridor remains open to the north, offering clear upside for further resource expansion. With 171 of 196 holes reported from the extensive 21,985m RC program, the company is closing in on completing the assay campaign, with outstanding results from the southern Crusader zone and a handful of Clement follow-up holes expected by the end of August.

The Crusader-Templar Deposit currently hosts a combined Mineral Resource Estimate (MRE) of 5.7 million tonnes at 1.7g/t Au for 304,000 ounces, and the new drilling is expected to feed into an updated, multi-prospect MRE scheduled for release by the end of the September quarter. This update will also incorporate results from the Clement, Payns, and Branches prospects, reflecting a comprehensive view of the Wallbrook project’s potential.

Geological Context and Drilling Methodology

The mineralisation at Crusader-Templar is hosted within altered quartz porphyry intrusives, with gold closely associated with hematite-silica alteration and quartz veining. The high-grade zones intercepted in the fresh rock correlate with quartz-sulphide veining, a style consistent with nearby operating gold mines in the Eastern Goldfields region.

Drilling employed industry-standard RC techniques with 1-metre sampling intervals analysed via Photon Assay, a method favoured for its accuracy in coarse gold environments. Quality control measures, including standards, blanks, and duplicates, were rigorously applied, and no sampling bias was identified.

Strategic Significance for Wallbrook’s Development

Managing Director Andy Tudor emphasised the importance of these results, noting the confirmation of valuable extensions to a shallow, high-grade structure that consistently features in pit optimisations. The ongoing openness of the structure to the north signals meaningful growth potential ahead of the resource update.

Nexus’s systematic 18-month exploration campaign has steadily built a robust pipeline of targets, with the Wallbrook drilling program encompassing Clement, Payns, Branches, and Crusader-Templar prospects. The company’s approach aims to convert exploration success into a solid resource base underpinning future development opportunities.

With assay results from the southern Crusader and Clement prospects pending, the market will be watching closely as Nexus finalises its comprehensive resource update, which could reshape the valuation and development trajectory of the Wallbrook Gold Project.