Nexus ac­quires New­mont ten­e­ments

The Australian Mining Review - - NEWS -

NEXUS Min­er­als is set to ac­quire three ten­e­ments from New­mont ad­ja­cent to its Wall­brook gold project in the Eastern Gold­fields, WA.

The ten­e­ment pack­age cov­ered about 190sqkm of prospec­tive ge­o­log­i­cal ter­rain, bring­ing Nexus’ to­tal con­tigu­ous pack­age to about 250sqkm.

Nexus ex­pected to ac­quire the pack­age from New­mont for $13,100 and a 2 per cent net smelter roy­alty on all min­eral prod­uct ex­tracted and re­cov­ered from the ten­e­ment.

The ac­qui­si­tion would al­low Nexus to ac­cel­er­ate ex­plo­ration across the en­larged and un­der­ex­plored Wall­brook gold project.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.