# NXM: Diamond Drilling Commences at Wallbrook Gold Deposits Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153780 Publisher: asx Original announcement: 2026-10-18T21:47:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-18T22:10:53.375Z Atlas analysis updated: 2026-10-18T22:10:53.375Z - Company: Nexus Minerals Limited - Ticker: NXM - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Other, Resource update - Extracted: 2026-10-18 22:10:54 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Nexus Minerals Limited has commenced a ~2,000m diamond drilling program at its Wallbrook Gold Project in Western Australia. The program aims to gather technical information to support maiden mineral resources for the Payns and Branches prospects, upgrade inferred resources to indicated category, and collect bulk density and metallurgical samples for mine studies. This drilling follows a recently updated Mineral Resource Estimate for Wallbrook, which increased to 13.3 Mt at 1.5 g/t Au for 631,000 oz. Reasoning: The announcement details the commencement of a diamond drilling program with clear objectives to advance resource confidence and collect data for future mine studies, which is a positive operational step. However, no new drill results are presented, and the detailed resource estimate is a re-statement of a prior announcement, limiting the novelty of the release. - Positive factor: Commencement of diamond drilling program to advance project - Positive factor: Drilling aims to support maiden mineral resources and upgrade resource classification - Positive factor: Collection of technical data for mine studies \(bulk density, metallurgy, waste rock\) - Negative factor: No new drill results \(assays, grades, widths\) reported in this announcement - Negative factor: Resource estimate details are a re-release of previously announced information Facts used in scoring: 19 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 19. Some facts used in scoring do not have a stored record. ## Resource Estimates (19) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-0) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:6957a709185241872430 - Deposit or zone: Crusader – Templar #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 207000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 4,300 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 4,300 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-1) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:a878aecccb4f8305c483 - Deposit or zone: Crusader – Templar #### Resource Data - Category: inferred - Tonnes: 5070000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 240000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 5,070 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 5,070 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-2) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:31528ddaa9d9c27abec8 - Deposit or zone: Crusader – Templar #### Resource Data - Category: inferred - Tonnes: 1430000 - Grade: 1.9 - Grade Unit: g/t - Contained Metal: 86000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Crusader-Templar deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.9 Context: 1,430 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 1,430 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-3) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:bed444a18b5b6a228b9e - Deposit or zone: Payns #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 1.3 - Grade Unit: g/t - Contained Metal: 50000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Payns deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.3 Context: 1,200 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 1,200 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-4) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:82179d5aa88337e75453 - Deposit or zone: Branches #### Resource Data - Category: inferred - Tonnes: 1100000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 35000 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Branches deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.0 Context: 1,100 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 1,100 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-5) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:700b0b9c42923530b8be - Deposit or zone: Branches #### Resource Data - Category: inferred - Tonnes: 240000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 13000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Branches deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.6 Context: 240 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 240 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-6) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:8813585e219d52c6ad37 - Deposit or zone: Pinnacles #### Resource Data - Category: indicated - Tonnes: 140000 - Grade: 2.6 - Grade Unit: g/t - Contained Metal: 11000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 2.6 Context: 140 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 140 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-7) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:5a6bf22d780bfbdd3266 - Deposit or zone: Pinnacles #### Resource Data - Category: inferred - Tonnes: 19000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 1000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.6 Context: 19 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 19 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-8) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:cc88531cab60523455bf - Deposit or zone: Pinnacles #### Resource Data - Category: indicated - Tonnes: 170000 - Grade: 5.6 - Grade Unit: g/t - Contained Metal: 30000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Indicated resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 5.6 Context: 170 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 170 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-9) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:d52d9a3a6b2bc38b1891 - Deposit or zone: Pinnacles #### Resource Data - Category: inferred - Tonnes: 280000 - Grade: 4 - Grade Unit: g/t - Contained Metal: 36000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced Inferred resource estimate for the Pinnacles deposit, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 4.0 Context: 280 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 280 **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-10) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:508a4c723a8b25acfc90 - Deposit or zone: Wallbrook Project Total #### Resource Data - Category: indicated - Tonnes: 4300000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 207000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 4,300 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 4,300 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-11) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:d7c35f6d909d34b8bfed - Deposit or zone: Wallbrook Project Total #### Resource Data - Category: inferred - Tonnes: 9040000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 424000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 9,040 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 9,040 **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 ### Wallbrook Project Total [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-12) Wallbrook Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Wallbrook Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:5de1d3e9363043a1f9bc - Deposit or zone: Wallbrook Project Total #### Resource Data - Tonnes: 13340000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 631000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total resource estimate for the Wallbrook Project, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 13,340 #### Tags used in scoring **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-13) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:4862835ac5344968c150 - Deposit or zone: Pinnacles Project Total #### Resource Data - Category: indicated - Tonnes: 310000 - Grade: 4.2 - Grade Unit: g/t - Contained Metal: 42000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 4.2 Context: 310 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 310 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-14) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:dbfd1e6a9e3dd92314cc - Deposit or zone: Pinnacles Project Total #### Resource Data - Category: inferred - Tonnes: 299000 - Grade: 3.8 - Grade Unit: g/t - Contained Metal: 37000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 3.8 Context: 299 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 299 **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 ### Pinnacles Project Total [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-15) Pinnacles Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Pinnacles Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:48c8bbcba16cdc15fd72 - Deposit or zone: Pinnacles Project Total #### Resource Data - Tonnes: 609000 - Grade: 4 - Grade Unit: g/t - Contained Metal: 78000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total resource estimate for the Pinnacles Project, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release Evidence · table > 4.0 Context: 609 #### Tags used in scoring **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-16) Group Resource · gold Historical result Needs review: historical\_restatement #### Identity - Project: Group Resource - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:55201a55a5545eeb8cd9 - Deposit or zone: Grand Total #### Resource Data - Category: indicated - Tonnes: 4610000 - Grade: 1.7 - Grade Unit: g/t - Contained Metal: 249000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Indicated resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Indicated Resource - Negative factor: Stale Data Re-release Evidence · table > 1.7 Context: 4,610 #### 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: The resource is classified as Indicated, indicating reasonable geological confidence. Evidence · table > Indicated Context: 4,610 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-17) Group Resource · gold Historical result Needs review: historical\_restatement #### Identity - Project: Group Resource - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:618318ad4de669808ee3 - Deposit or zone: Grand Total #### Resource Data - Category: inferred - Tonnes: 9339000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 460000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total Inferred resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons. Inferred resources are speculative and cannot support economic studies alone. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Inferred Resource - Negative factor: Stale Data Re-release Evidence · table > 1.5 Context: 9,339 #### 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: The resource is classified as Inferred, indicating a speculative category with limited drilling. Evidence · table > Inferred Context: 9,339 **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 ### Grand Total [Link to this fact](https://atlas-staging.minestarters.com/news/nxm-diamond-drilling-commences-at-wallbrook-gold-deposits--7a847974-4c4c-4d74-a46e-dae91ee13b0a#fact-resource-facts-18) Group Resource · gold Historical result Needs review: historical\_restatement #### Identity - Project: Group Resource - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NXM #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Clark, Mr Adam James - Resource group id: resource:0121edbd6c6399ae5cc2 - Deposit or zone: Grand Total #### Resource Data - Tonnes: 13949000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 709000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-09-17 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-09-17T00:00:00.000Z #### Dates - Event date: 2026-10-18T00:00:00.000Z Reasoning: This is a re-release of a previously announced total resource estimate for the Group Resource, compliant with JORC standards and signed off by competent persons. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release Evidence · table > 1.6 Context: 13,949 #### Tags used in scoring **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 ## 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.