NXM.ASX: Further High-Grade Gold Results at Clement Prospect

Further High-Grade Gold Results at Clement Prospect

Stock	Nexus Minerals Ltd (NXM.ASX)
Release Time	1 Jul 2026, 8:19 a.m.
Price Sensitive	Yes

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Nexus Minerals Reports High-Grade Gold Results at Clement Prospect

Key Points

Clement Prospect drilling confirms high-grade gold mineralization at depth
Depth extensions to previous holes show continuity of mineralized lodes
Prospect is well positioned for a maiden Mineral Resource Estimate
Drilling continues at other prospects within the Wallbrook Gold Project

Full Summary

Nexus Minerals Limited (ASX: NXM) has announced further high-grade gold results from the Clement Prospect at the Wallbrook Gold Project in Western Australia. The results, from 23 drill holes and 4 drill hole extensions totaling 4,239 meters, confirm the presence of broad and high-grade gold mineralization below previously reported depths. Notable intercepts include 4m at 6.36g/t Au and 4m at 2.74g/t Au, among others. The Clement Prospect is well positioned to support a maiden Mineral Resource Estimate within the updated multi-prospect Wallbrook Mineral Resource Estimate, anticipated for completion in the September quarter. The ongoing drilling program at Wallbrook is progressing well, with results expected from the Payns, Branches, and Crusader-Templar prospects in the coming weeks.

Guidance

Completion of Clement Prospect drilling in September quarter; maiden Mineral Resource Estimate expected

Outlook

The Clement Prospect's high-grade results support the prospect's potential to contribute significantly to the updated Wallbrook Mineral Resource Estimate.