NXM.ASX: Further Hi-Grade Results at Payns Prospect up to 34.77g/t Au

Further Hi-Grade Results at Payns Prospect up to 34.77g/t Au

Stock	Nexus Minerals Ltd (NXM.ASX)
Release Time	15 Jul 2026, 8:28 a.m.
Price Sensitive	Yes

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Nexus Minerals Reports High-Grade Gold Results at Payns Prospect

Key Points

Final assay results from Payns Prospect reported
Significant intercepts include 5m at 12.83g/t Au including 1m at 34.77g/t Au
Payns Prospect well positioned to support maiden Mineral Resource Estimate

Full Summary

Nexus Minerals Ltd has reported the final tranche of assay results from the Payns Prospect, part of the Wallbrook Gold Project in Western Australia. The results, from 49 reverse circulation (RC) holes totaling 3,816 meters, confirm broad zones of shallow, gently dipping gold mineralization with a consistent higher-grade core. Notable intercepts include 5 meters at 12.83 grams per tonne (g/t) gold (Au) including 1 meter at 34.77g/t Au within 21 meters at 3.26g/t Au from 39 meters. The Payns Prospect, located approximately 4 kilometers northwest of the Crusader-Templar Mineral Resource, is now well positioned to support a maiden Mineral Resource Estimate within the updated multi-prospect Wallbrook Mineral Resource Estimate, which currently stands at 304,000 ounces of gold.

Outlook

The company looks forward to receiving assay results from the Branches and Crusader-Templar prospects, expected in July and August, and aims to complete the updated Wallbrook Mineral Resource Estimate by September.