Nexus Minerals presents positive scoping study for gold project

Nexus Minerals Limited (ASX: $NXM) has released a positive scoping study for the Crusader-Templar gold deposit located approximately 130km north-east of Kalgoorlie in Western Australia. The study outlines the potential viability of open-pit mining and third-party toll treatment of the gold deposit, providing a basis to refine material inputs and enhance project economics. The study highlights the potential for early cash-flow realization and the Company's confidence in continuing to grow the project.

Executive Commentary on Scoping Study Results

The Managing Director, Andy Tudor, commented, 'The Scoping Study has demonstrated the attractive value and potential cash generation of the Crusader-Templar Gold deposit over a broad range of gold prices. Importantly, there is significant further upside as the study only includes 26% of the published resource of Crusader-Templar. Nexus can now take the next steps to assessing its various alternatives over Crusader-Templar, which may include sale, partial sale, or joint venture to advance the Project to commercialization. However, Crusader-Templar represents only a small part of Nexus' highly prospective large under-explored landholding, which we are excited to grow and add value through exploration.'

Summary of Scoping Study and Outlook

The scoping study for the Crusader-Templar gold deposit has outlined the potential for early cash-flow realization and project growth. The study indicates robust project economics for a broad range of gold prices, with positive outcomes returned above a gold price of $2,635 per ounce. Nexus Minerals is considering various alternatives for the project, including sale, partial sale, or joint venture to advance commercialization. The Company also holds a highly prospective large under-explored landholding, which it aims to grow and add value through exploration. The study provides justification for the commercial viability of the Crusader-Templar Gold Project, and Nexus Minerals is now positioned to progress further work and assess various strategies to monetize this asset.