Nexus Minerals advances Crusader-Templar Gold Project

Nexus Minerals (ASX:NXM) has taken a step towards production by signing a memorandum of understanding with Macro Gold Mining Services to advance the Crusader-Templar gold deposit.

The partnership, focused on the 100% owned Wallbrook Gold Project located 140km north-east of Kalgoorlie in Western Australia, establishes an exclusive framework for the two companies to collaborate on a mutually beneficial profit-share arrangement.

Under the proposed terms, MGMS—a joint venture between Goldfields Technical Services and Macro Metals subsidiary Macro Mining Services—will provide and fund the entire mine development and mining operation.

The project has reached a critical de-risking milestone with all key permitting and approvals now secured, following the acquisition of the native vegetation clearing permit in late March.

The regulatory clearance allows the partners to focus on the operational rollout of the planned open-pit mine.

To complement the mining agreement, Nexus is currently engaged in active discussions with third-party processing plants.

The objective is to secure an ore sale and purchase agreement that would facilitate the processing of extracted ore.

With the current gold price sustaining levels above $6,000 per ounce, the company highlights significant upside potential for the project.

Nexus aims to expedite the transition from exploration to active gold production, capitalising on the robust commodities market and the high-grade potential of the Crusader-Templar deposit in the heart of the WA goldfields.

At the time of reporting, Nexus Minerals’ share price was $0.058.