Nexus Minerals Limited announced further significant broad high-grade gold assay results from reverse circulation (RC) drilling completed at the Crusader ­ Templar Prospect, within the Company's Wallbrook Gold Project in the eastern goldfields of Western Australia. Nexus drill campaigns have concentrated on a mineralised corridor 1.6km in length and some 300m wide, with the drilling being undertaken on Nexus' 100% owned granted mining tenements. With all assays now received from recent RC drilling at the Crusader-Templar Prospect, a mineralised system of over 1.6km strike length has clearly emerged, comprised of multiple parallel lodes across a zone some 300 metres wide.

The system remains open to the north and high-grade shoots remain open at depth. This is particularly significant given the Crusader-Templar Prospect falls on the southern end of an under-explored and highly prospective corridor which incorporates the Solomon and Branches Prospects located up to 3km along strike to the north. These recent Crusader-Templar RC drill results have again confirmed ongoing grade continuity through the corridor, whilst also offering extensions to previously mapped mineralised porphyry units.

Gold mineralization displays a clear association with a porphyry intrusive swarm, mapped consistently throughout the currently defined 1.6km strike extent. Company geologists are now focused on interpretation of all recently acquired data in conjunction with industry leading consultants Snowden-Optiro. Data will be reviewed for inclusion in a Mineral Resource Estimate and pit design optimisation studies, whilst also designing future drill programs to further build scale of this very large gold system.

Strong drill results from Crusader-Templar are now complimented by positive results received from flora and fauna surveys. This is in addition to existing project credentials including gold recoveries of 98% in both the oxide and fresh rock, granted mining tenure, and a strategic location between Northern Star's operating Porphyry mining center and Carosue Dam mining operation which hosts a 3.2 million tonne per annum gold processing plant. Significant results from the latest batch of assays received include: Shallow Oxide Mineralisation <100m: 23m @ 3.03g/t Au (within 61m @ 1.60g/t Au from 28m); 10m @ 3.81g/t Au (within 29m @ 1.48/t Au from 85m); 6m @ 5.73g/t Au (within 62m @ 1.10g/t Au from 16m); 6m @ 3.32g/t Au (within 30m @ 1.03g/t Au from 52m); 3m @ 7.57g/t Au and 5m @ 3.84g/t Au (within 76m @ 0.88g/t Au from 18m); 17m @ 1.29g/t Au (within 27m @ 0.91g/t Au from 44m); and 10m @ 1.48g/t Au (within 17m @ 0.96g/t Au from 26m).

Transition Mineralisation 100m-175m: 2m @ 10.66g/t Au (within 7m @ 3.28g/t Au from 173m); 10m @ 3.84g/t Au (within 16m @ 2.48g/t Au from 120m); 4m @ 4.05g/t Au (within 20m @ 1.35g/t Au from 161m); 7m @ 3.01g/t Au (within 15m @ 1.72g/t Au from 117m); and 6m @ 2.43g/t Au (within 10m @ 1.59g/t Au from 109m). Deeper Primary Mineralisation >175m: 4m @ 4.93g/t Au from 207m; and 4m @ 4.96g/t Au from 189m.