• Crusader-Templar deposit permitting progresses, discussions with potential partners ongoing
• Systematic regional exploration delivers 5 new prospects advancing toward resource definition
• Highlights include 15m @ 5.21g/t Au at Clement and 23m @ 2.52g/t Au at Amand
• Pinnacles JV project continues advancement with studies and approvals

Nexus Minerals Ltd has reported on its quarterly activities for the period ending 31 December 2025. Key highlights include continued progress on permitting and technical studies for the Crusader-Templar gold deposit, as well as exceptional exploration success across the broader Wallbrook Gold Project. Nexus received further permitting approvals and is progressing operational readiness, while discussions with potential operational and toll treatment partners continue. The company's systematic regional exploration strategy has now defined five new prospects - Branches, Payns, Clement, Amand and Godfrey - all advancing toward resource definition drilling. These prospects display large, mineralised footprints and remain open along strike and down dip, collectively representing a material growth opportunity for the company's mineral resource inventory. Significant high-grade intercepts were reported, including 15m @ 5.21g/t Au at Clement and 23m @ 2.52g/t Au at Amand. Nexus views Wallbrook as an emerging regional gold camp with significant potential. The company also provided an update on the Pinnacles JV project, where studies and approvals continue to progress the development-ready asset.

Nexus remains focused on efficiently expanding and converting the five new regional prospects at Wallbrook into resources, complementing the near-term production opportunity at the Crusader-Templar deposit. The company will continue to advance permitting, technical studies and discussions with potential partners for the Crusader-Templar project.