New High Grade Crusader Lode Returns 3m @18.75g/t Au

Key points

• New high-grade gold mineralisation discovered east of Crusader domain
• New structure closes gap between Crusader-Templar and Clement
• Clement to be reported as part of Crusader-Templar in upcoming MRE
• Updated multi-prospect Wallbrook MRE expected by end of September quarter

Full summary

Nexus Minerals Limited has reported the final assay results from its Wallbrook Gold Project, revealing a new high-grade mineralised structure immediately east of the main Crusader mineralised domain. This new structure, situated between the Crusader-Templar Deposit and the Clement Prospect, confirms the two form a single, larger interconnected mineralised system. The new structure returned significant intercepts, including 3m at 18.75g/t Au. Follow-up drilling at Clement returned further high-grade results, helping resolve the orientation of higher-grade zones. As a result, Clement will be reported as part of the Crusader-Templar Deposit going forward, with Clement mineralisation to be incorporated within an expanded Crusader-Templar Mineral Resource in the upcoming update. With all 196 RC holes for 21,985m having now been reported, focus turns to delivering the updated MRE, which is on track to report by the end of the September quarter.

Outlook

Nexus Minerals is well positioned to continue building a gold system of significant scale, over the short, medium and longer term.