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Nexus Minerals Limited (ASX:NXM)

ALERT: Price-sensitive ASX Announcement for NXM
Current share price for NXM : $0.058 0.014 (31.82%)+
Announcement
Release
18 Aug 2026 8:11AM
Price at Release
$0.044
Full Release
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Summary
Nexus Minerals Limited has announced high-grade assay results from the Templar Prospect, part of the Crusader-Templar Deposit within the Wallbrook Gold Project in Western Australia. The final tranche of results from reverse circulation (RC) drilling, comprising 22 holes for 1,810 meters, revealed significant gold mineralization, including a notable intercept of 7 meters at 7.53g/t gold, which includes 1 meter at 41.27g/t gold. This drilling has extended the known high-grade structure by about 200 meters to the north, offering potential for further resource growth. The results are part of a broader 21,985-meter RC drilling program designed to update the multi-prospect Wallbrook Mineral Resource Estimate (MRE), which is on track for completion by the end of the September quarter. The company is awaiting final assay results from the southern part of the Crusader section and is optimistic about further expanding its resource base.
Key Points
  • High-grade assay results from Templar Prospect.
  • 22 RC holes drilled for 1,810 meters.
  • Significant intercept: 7m at 7.53g/t Au, includes 1m at 41.27g/t Au.
  • Extension of high-grade structure by 200 meters north.
  • Part of a 21,985-meter drilling program to update MRE.
  • Awaiting results from the southern Crusader portion.
  • MRE update expected by the end of the September quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.