Nexus Minerals Limited announced assay results from diamond drill holes completed at the Crusader - Templar Prospect, within the Company's Wallbrook Gold Project in WA. Results from this diamond drill program have provided valuable technical information, informing the focused efforts on upcoming exploration activities, including: Crusader-Templar - RC drill program planning underway. The planned drill program will be used predominantly for expanding the potential resource base outside of reported pit shells.

It will also provide increased confidence levels to the inputs for the mineral resource estimate. Branches -RC drill program planning underway. Following the early drill success at the Branches discovery this year the opportunity exists to materially increase the prospects strike and depth extent.

The planned drill program will also increase the drill density and allow for the prospect to be included in the mineral resource estimate. Regional Targets -Aircore drill program planning underway to test mineralised corridors MC1, MC2, MC3 and MC4. The planned drill program will be aided by the regional geophysical program results and with the knowledge that the folded geological architecture allows for deposition of the gold in "feeder" structures and the limbs and fold closures of shallow quartz porphyry units.

Results from the recent diamond drilling campaign have been largely received with results from just two diamond holes pending. The program, totaling 21 holes for 9,784m, was completed across the 1.6km corridor to assist in mapping the geological characteristics through the system. The structural logging, in addition to petrology and geochemical analysis, has been integral in updating the geological framework and targeting model for the Crusader-Templar prospect.

This framework has broader positive implications for prospectivity and targeting of the regional Wallbrook tenement package, with company geologists currently reviewing a suite of regional targets. The geology across the Wallbrook Project consists of a thick sequence of intermediate (basaltic andesite- dacite) volcanic and associated volcaniclastic host rocks, intruded by a series of elongate feldspar-quartz porphyry dykes. These dykes are present as swarms, predominantly constrained to specific fertile stratigraphic horizons.

Geochemical analysis of diamond core has categorised the dykes as moderately to highly fractionated, rhyolitic-felsic in composition, with a possible Sanukitoid geochemical signature. The presence of Sanukitoids is particularly significant as they represent intrusive rocks derived from enriched magmas and hold an association with many large gold deposits globally. Their geochemical signature indicates an enriched mantle source, similar to lamprophyre intrusives, and confirm the presence of deep-seated structures with potential to introduce significant gold bearing fluids.

The presence of Sanukitoids is another supporting factor reflecting the broader prospectivity of the Wallbrook Gold Project.