# Nexus more than doubles Wallbrook gold resource to 631,000oz Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9 Original source: https://stockhead.com.au/resources/nexus-more-than-doubles-wallbrook-gold-resource-to-631000oz/ Publisher: stockhead Original announcement: 2026-09-17T03:15:49.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-17T05:02:14.305Z Atlas analysis updated: 2026-09-17T05:02:14.305Z - Company: Nexus Minerals - Ticker: NXM - Exchange: Unavailable - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Drill results - Extracted: 2026-09-17 05:02:14 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Nexus Minerals has more than doubled its Wallbrook gold resource to 631,000oz, representing a 108% increase. The update includes the definition of maiden resources at the Payns and Branches deposits and an expansion of the Crusader-Templar deposit. Reasoning: Significant resource expansion and new deposit definitions at Wallbrook project. - Positive factor: Tonnage growth of 108% at Wallbrook - Positive factor: Maiden resource definition for Payns and Branches deposits - Positive factor: Expansion of Crusader-Templar resource past 500koz - Positive factor: Addition of maiden underground component Facts used in scoring: 8 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: Payns and Branches deposits are reported as maiden resources. Evidence · text > added maiden resources for the Payns and Branches deposits **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Wallbrook gold resource increased by 108%. Evidence · text > Nexus has served up a 108% resource increase at Wallbrook **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: 3m at 18.75g/t Au is exceptionally high grade. Evidence · text > top assay of 3m at 18.75g/t Au ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-drill-facts-6) gold Needs review: drill\_no\_hole\_id #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NXM #### Geometry - Grade: 18.75 - Grade Unit: g/t - Intercept: 3 m - From: 124 m - To: 127 m - Intercept Depth: 124 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: High grade top assay from new eastern Crusader structure. - Positive factor: High grade intercept Evidence · text > top assay of 3m at 18.75g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-drill-facts-7) gold Needs review: drill\_no\_hole\_id #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NXM #### Geometry - Grade: 4.52 - Grade Unit: g/t - Intercept: 13 m - From: 124 m - To: 137 m - Intercept Depth: 124 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards, blanks #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Intercept containing the high grade top assay. - Positive factor: Significant width Evidence · text > within 13m at 4.52g/t Au from 124m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-0) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:4587f0a7c4592a11de30 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 207000 - Contained Metal: 207000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Indicated portion of the new Wallbrook resource. - Positive factor: Higher confidence category Evidence · text > just under a third of the new Wallbrook resource, or 207,000oz, is contained in the higher confidence indicated category #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-1) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:885cb689a72e476c7ca2 - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 424000 - Contained Metal: 424000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Inferred portion of the new Wallbrook resource. - Positive factor: Significant volume - Negative factor: Lower confidence category Evidence · text > the remaining 424,000oz is an inferred resource #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-2) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:e193d5549df9c6ca99c8 - Mining method: underground #### Resource Data - Category: indicated - Tonnes: 10800000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 533000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Crusader-Templar deposit resource. - Positive factor: Large tonnage Evidence · text > Crusader-Templar... remains the heavyweight at 10.8Mt at 1.5g/t for 533,000oz #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-3) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:96f37a309a7b21782cfc - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1400000 - Grade: 1.9 - Grade Unit: g/t - Contained Metal: 86000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Maiden underground component of Crusader-Templar. - Positive factor: Maiden underground component Evidence · text > maiden underground component of 1.4Mt at 1.9g/t for 86,000oz #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-4) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:416fda96feff452d872d - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 1.3 - Grade Unit: g/t - Contained Metal: 50000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Maiden inferred resource for Payns deposit. - Positive factor: Maiden resource Evidence · text > Payns enters the books with a maiden inferred resource of 1.2Mt at 1.3g/t for 50,000oz #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nexus-more-than-doubles-wallbrook-gold-resource-to-631-000oz--43ea3109-5931-4efa-a904-495493ed54b9#fact-resource-facts-5) gold #### Identity - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Resource group id: resource:5fbb7f1250788561039a - Mining method: underground #### Resource Data - Category: inferred - Tonnes: 1300000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 48000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-17T00:00:00.000Z Reasoning: Maiden inferred resource for Branches deposit. - Positive factor: Maiden resource Evidence · text > Branches contributes 1.3Mt at 1.1g/t for 48,000oz #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.