Nexus acquires Newmont tenements

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.