The Nimbus Ag-Zn-(Au) volcanic-hosted massive sulfide (VHMS) deposit represents an exceptional orebody in the Yilgarn Craton of Western Australia. It is located in a zone of juvenile crust running N-S through the Eastern Goldfields Superterrane. However, unlike most other VHMS occurrences associated with the 2690–2680 Ma rift sequence (Teutonic Bore, Jaguar, Bentley, Erayinia), it is hosted by the ca. 2705 Ma plume-related stratigraphy, which is more typically associated with komatiite-hosted nickel-sulfide mineralization. The Nimbus deposit displays hybrid VHMS-epithermal characteristics resulting from low temperature and shallow water conditions, which developed a quartz-carbonate-sericite dominated alteration assemblage in the dacite host rocks. Sulfide mineralization comprises pyrite, sphalerite, galena, arsenopyrite, Ag-Sb-Pb-Bi sulfosalts, and rare chalcopyrite. In this study, we applied a combination of in-situ analytical techniques to monitor the evolving sulfur isotope signature of the mineralizing fluids, and propose that the Nimbus VHMS deposit developed as a result of a bimodal fluid history. In the first stage, the hydrothermal system – powered by plume-related magmatism – deposited a series of barren pyrite lenses with colloform textures. Their variable but consistently negative mass-independent sulfur isotope fractionation signature (Δ33S = −0.81%) reflects the interaction between mantle-derived magmatic fluids and Archean seawater. The ubiquitous presence of carbon-rich porous textures and the remnants of carbonaceous “nests” in colloform pyrite also indicate a significant contribution of microbial sulfate reducers during the incipient stages of sulfide precipitation. The gradual formation of colloform lenses eventually sealed the hydrothermal system establishing a physical barrier that limited the interaction with seawater. This process promoted the onset of higher temperature and pressure conditions required to form the high-grade Zn-Ag mineralization, sourcing sulfur and fluids largely from a magmatic reservoir (Δ33S = +0.09%). Whereas the identification of a predominantly magmatic sulfur source is supported by sulfur isotope signatures, the recognition of a magmatic origin of the fluid may only be inferred indirectly. It is consistent with the observed quartz-sericite alteration style and the proposed mechanism of sulfide deposition via decompression, which does not require any interaction with seawater. The trace element distribution of the ore-related sulfides also supports a closed hydrothermal system developed through multiple fluid pulses. Indeed, this ore-forming scenario is commonly favored by high confining pressures, which at Nimbus were established following the deposition of the colloform pyrite lenses that progressively sealed the hydrothermal system creating the favorable conditions for mineralization.