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EPIC: NXM
Market: ASX
52-week High/Low: A$0.15 / A$0.07
Sector: General Mining
Market Cap: A$8.74M
Nexus Minerals Ltd

Nexus Minerals Ltd

Nexus Minerals Ltd (ASX:NXM) is a diversified resources company with a portfolio of projects in Western Australia.

Nexus Minerals Ltd

www.nexus-minerals.com

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Nexus Minerals Ltd Snapshot

At Nexus Minerals, our vision is to deliver superior returns and sustainable prosperity to our stakeholders through the effective discovery and commercialisation of world class mineral assets in a safe and socially responsible manner.

Our current project portfolio comprises:

Gold Projects:

  • Pinnacles Joint Venture Gold Project 100km north east of Kalgoorlie in the Eastern Goldfields
  • Pinnacles Regional Gold Project 100km north east of Kalgoorlie in the Eastern Goldfields
  • Triumph Gold Project 145km north east of Kalgoorlie in the Eastern Goldfields
  • Mt Celia Gold Project 180km north east of Kalgoorlie in the Eastern Goldfields

Pinnacles Joint Venture Gold Project

Nexus Minerals Limited is pleased to advise that it has entered into a Farm-in and Joint Venture Agreement (the Agreement) over the Pinnacles Gold Project (the Project) with Saracen Gold Mines Pty Ltd, a subsidiary of Saracen Mineral Holdings Limited (Saracen). This investment is consistent with the Company strategy of investing in advanced gold exploration assets.

The Agreement includes an Ore Sale and Purchase Agreement, whereby any future ore mined from the Project tenement will be purchased by Saracen for processing through its 2.4Mtpa CIL processing plant at Carosue Dam – 13km to the north of the project area. Under the Agreement, Nexus is the sole manager of the Pinnacles Gold Project and can earn up to 85% of the Project, by satisfying a series of staged farm-in milestones with specific exploration expenditure commitments required to increase its interest. Upon Nexus reaching 85% ownership, a contributing joint venture will be established, with each party contributing in proportion to its joint venture interest.


Figure 1. Pinnacles JV Project location and the Carosue Dam Mine Operation


Figure 2. Pinnacles Project Location, Western Australia


Figure 3. Pinnacles Project Location, Western Australia


Figure 4. Pinnacles JV and Current Nexus Pinnacles Project Location, Western Australia

Location

The Pinnacles Gold Project is located in the Eastern Goldfields of Western Australia, some 100km northeast of Kalgoorlie-Boulder. The project is located on a granted Mining Lease, M28/243 (expiry 2031), that covers an area of 4x2km and is currently held 100% by Saracen Gold Mines Pty Ltd, a subsidiary of Saracen. The tenement lies 13km to the south of Saracen’s Carosue Dam Mine facility. The tenement is surrounded on all sides by Nexus 94km2 tenement package (see ASX release 23/4/2015). Access into the project area is from the Carosue Dam Mine site via existing Saracen access roads and station tracks (Fig. 1 and Fig. 4). The tenement is immediately to the south of, and in conjunction with Nexus regional tenement package is contiguous with, Saracen’s Carosue Dam mining tenements, which includes the Whirling Dervish and Karari gold mines, currently in operation (Fig. 1 and Fig. 4). During 2014, the two mines produced 79,000 ounces of gold, and contain a current resource base of 1.4 million ounces.


(click here for more information on this project)



Pinnacles Regional Gold Project

Nexus Minerals Limited is pleased to announce it has secured a highly prospective package of ground in the Eastern Goldfields, approximately 100km northeast of Kalgoorlie (Fig 1 & 2).


Figure 1. Pinnacles Project location, Western Australia


Figure 2. Pinnacles Project location Eastern Goldfields


Location

The Pinnacles Project is located in the Eastern Goldfields of Western Australia, some 100km northeast of Kalgoorlie. The Pinnacles Project tenements cover approximately 94km2. Nexus has applied for an exploration license (90% Nexus / 10% Pumphrey) that covers some 92km2. Terms have also been reached with a Kalgoorlie prospector for the purchase of a further 2km2 prospecting licence (Nexus 100%).


(click here for more information on this project)



Triumph Gold Project


Nexus Minerals Limited is pleased to announce the results of the recent drill program at the Triumph Gold Project, 145km northeast of Kalgoorlie, WA (Fig 1&2).


Figure 1. Triumph Project location, Western Australia


Figure 2. Triumph Project location Eastern Goldfields


Location


The Triumph Project is located in the Eastern Goldfields of Western Australia, some 145km northeast of Kalgoorlie.

Historic Workings

There has been very limited exploration undertaken on the tenements since the turn of the century, and only in the search for shallow oxide gold potential during the late 1980’s / early 1990’s. The limited amount of drilling that has taken place has yielded significant gold results, with a large number of holes intersecting old mining voids/backfill. There are only 5 holes drilled deeper than 80m, with the deepest being 160m. A number of historic mine workings, and results from limited auger soil sampling and some broad spaced shallow RAB drilling on the northern area of the Project has also confirmed the strike extension of the mineralised structure.


(click here for more information on this project)


Mt Celia Gold Project

Location

The Mt Celia Project is located in the Eastern Goldfields of Western Australia, some 180km northeast of Kalgoorlie.

  • 5km2 tenement package granted
  • 6.5km2 tenement under application
  • Project is immediately south of Legacy Iron’s Blue Peter gold project. Current inferred resource 239,232 @ 3.97g/t for 30,554 ounces gold (1g/t cut-off) (see Legacy Iron Ore Limited website)
  • Tenement lies within the Laverton Tectonic Zone. This structure hosts numerous major gold mines.
  • Tenement contains numerous small historic gold workings.
  • Mineralisation hosted by quartz filled shears within greenstone lithologies
  • Compilation of historic data underway



Last updated 10th November 2015.

Andy Tudor
Chief Executive Officer
BAppSc(Geol) MAusIMM MAIG

Mr Tudor’s experience has been gained over nearly 30 years as a geologist in the mining industry – and encompassed roles from Managing Director/CEO of ASX listed companies to General Manager, Country Manager and Exploration Manager roles, as well as Exploration and Mine Geology functions.

In addition to his extensive management experience, Andy has also held the position of General Manager & Principal Consultant of a global mineral consulting firm where his role concentrated on project assessment, due diligence and evaluation studies, in conjunction with geological and resource assessments.

Andy’s career commenced exploring and mining gold in Western Australia and progressed to the varying gold and base metal environments of the Australasian/Pacific region.

He also has broad commodity experience and a proven track record in the management of large scale exploration and mining operations in some of the worlds’ most challenging environments.


Paul Boyatzis
Chairman, Non-Executive Director

Mr Boyatzis has over 25 years' experience in the investment and equity markets particularly with emerging growth companies within the resources and financial services sector in Australia and the UK.

In early 2007 Mr Boyatzis was instrumental in the formation of Nexus Minerals and as founding Chairman has played a pivotal role in the strategic development of the company.

Mr Boyatzis has served as chairman and director of a number of public and private companies globally and is Chairman of Ventnor Resources Ltd, Aruma Resources Ltd and Transaction Solutions International Ltd.

Mr Boyatzis is a member of the Australian Institute of Company Directors, the Securities and Derivatives Industry Association and the Australian Society of Accountants.


Dr Mark Elliott
Non-Executive Director
Dip App Geol, PhD FAICD, FAusIMM(CPGeo), FSEG, FAIG

Dr Elliott is a chartered professional geologist with over 32 years experience in the resources industry. He has extensive experience in corporate management and exploration in a wide range of commodities including base metals and gold. He was a founding director of Burdekin Resources NL, and is currently a director of Hot Rock Ltd, China Yunnan Copper Australia Limited, Hawk Resources Limited and Enterprise Energy Limited.

Dr Elliott has a Diploma in Applied Geology (1973) from the Ballarat School of Mines, and a Doctor of Philosophy Degree (1979) from the University of New South Wales. He is a qualified Company Director having completed the Company Directors course Diploma awarded by the University of Sydney Graduate School of Business in 1996. He is a Fellow of the Australian Institute of Company Directors, Australasian Institute of Mining and Metallurgy, Society of Economic Geologists and the Australian Institute of Geoscientists.


Mr Bruce Maluish
Non-Executive Director

Mr Maluish is a mining professional with over 30 years’ experience in the mining industry.  Mr Maluish has had numerous roles as managing director and general manager with companies such as Hill 50, Abelle, Matilda Minerals and Forsyth Mining while mining a variety of commodities from gold, nickel and minerals sands from both open pits and underground.  His management experience includes the set up and marketing of IPOs, from commencement of exploration to full production, to the identification, development and expansion of projects including mergers and acquisitions.

Mr Maluish is currently the managing director of Ventnor Resources Ltd.


Phillip MacLeod
Non-Executive Director, Company Secretary
B.Bus, ASA, MAICD

Mr MacLeod has more than 20 years commercial experience and has held the position of company secretary with listed public companies since 1995. He has provided corporate, management and accounting advice to a number of public and private companies involved in the resource, technology, property and healthcare industries.



Last updated 10th November 2015.

Nexus Minerals Limited
Ground Floor, 41-47 Colin Street
West Perth WA 6005

Registered Office
108 Forrest Street
Cottesloe WA 6011

PO Box 2803
West Perth WA 6872

Telephone: +61 8 9481 1749
Fax: +61 8 9481 1756

Directors
Paul Boyatzis (Non Executive Chairman)
Dr Mark Elliott (Non Executive Director)
Phillip Macleod (Non Executive Director)
Bruce Maluish (Non Executive Director)

Company Secretary
Phillip Macleod

Registered Office
108 Forrest Street
Cottesloe WA 6011

Business Office
Ground Floor, 41-47 Colin Street
West Perth WA 6005

Phone: +61 8 9481 1749
Fax: +61 8 9481 1756

Solicitors

Fairweather Corporate Lawyers
595 Stirling Highway
Cottesloe WA 6011

Auditors
Nexia Perth Audit Services Pty Ltd
Level 3, 88 William Street
Perth WA 6000

Share Registry
Advanced Share Registry Services
110 Stirling Highway
Nedlands WA 6009

Phone: +61 8 9389 8033

ASX Codes
Ordinary shares - NXM

Nexus Minerals Ltd Timeline

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