• Memorandum of Understanding (MOU) signed with Macro Gold Mining Services Pty Ltd (MGMS) to develop and mine Nexus' Crusader-Templar gold deposit
• MGMS to fund mine development and mining operations, with profit share arrangement of 60% Nexus, 40% MGMS
• Key permitting and approvals for the Crusader-Templar gold deposit now in place

Nexus Minerals Ltd has entered into a Memorandum of Understanding (MOU) with Macro Gold Mining Services (MGMS), a mining services company jointly owned by Macro Mining Services and Goldfields Technical Services, to advance the development and mining of the Crusader-Templar gold deposit within Nexus' 100% owned Wallbrook Gold Project in Western Australia. The key principle of the MOU is for Nexus and MGMS to work exclusively and collaboratively together to establish a mutually beneficial profit share arrangement, under which MGMS will provide and fund a mine development and mining operation to complete delivery of the Crusader-Templar gold deposit. The MOU is non-binding other than exclusivity and confidentiality provisions, and is intended to be replaced by a binding profit share agreement once a definitive processing solution is determined for the Crusader-Templar ore. Nexus has now obtained all key permitting and approvals for the Crusader-Templar gold deposit, including the native vegetation clearing permit secured in late March 2026. Discussions are underway with third party processing plants to secure an acceptable ore sale and purchase agreement. The current high gold price above A$6,000 per ounce provides significant upside potential for the project.

The parties expect to finalise a binding agreement for the planned mining operation once a definitive processing solution is determined for the Crusader-Templar ore, in order to take advantage of the currently favourable gold prices by commencing mining operations as soon as possible.