http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 28 Apr 2017 04:41:24 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Nexus Minerals gets on-market support from chairman ]]> http://www.proactiveinvestors.com.au/companies/news/176341/nexus-minerals-gets-on-market-support-from-chairman-176341.html Nexus Minerals (ASX:NXM) has had its board’s chairman, Paul Boyatzis, purchase a total of 400,000 shares on market.

The shares were purchased for consideration of $32,000 and increase Boyatzis’s combined share holdings to 9.08 million shares.

Nexus most recently completed its phase one regional auger soils exploration program at the Pinnacles Gold Project in the Eastern Goldfields of Western Australia.

Exploration comprised an auger soil geochemical sampling program, the regional gravity survey and ground geological activities over the prospective Pinnacles regional 100 square kilometre tenement area.

Multiple auger soil geochemical anomalies were identified with the maximum result grading 1,552 ppb gold.

Infill auger soil lines will be undertaken to better constrain the GT5 anomaly boundaries prior to planning drill activities.

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Wed, 12 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176341/nexus-minerals-gets-on-market-support-from-chairman-176341.html
<![CDATA[News - Nexus Minerals substantial shareholder increases stake ]]> http://www.proactiveinvestors.com.au/companies/news/175962/nexus-minerals-substantial-shareholder-increases-stake-175962.html Nexus Minerals (ASX:NXM) has received a change of substantial interests from Graeme Kirke, advising of an increased stake to 10.5% from 9.43%.

The change was from on-market purchases.

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.

The company is focusing its attention on regional exploration programs over this prospective Pinnacles regional tenement package.

The Pinnacles regional project refers to the circa 100 square kilometres that surrounds the Pinnacles JV project, which sits on a granted 8 square kilometre mining lease.

The regional project is largely unexplored and commences less than 5 kilometres along strike from Saracen Mineral Holdings (ASX:SAR) 4+ million ounce Carosue Dam mining operations and the operating Karrari underground gold mine.

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Wed, 05 Apr 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/175962/nexus-minerals-substantial-shareholder-increases-stake-175962.html
<![CDATA[News - Nexus Minerals uncovers gold anomalies in Eastern Goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/175639/nexus-minerals-uncovers-gold-anomalies-in-eastern-goldfields-175639.html Nexus Minerals (ASX:NXM) has completed its phase one regional auger soils exploration program at the Pinnacles Gold Project in the Eastern Goldfields of Western Australia.

Exploration comprised an auger soil geochemical sampling program, the regional gravity survey and ground geological activities over the prospective Pinnacles regional 100 square kilometre tenement area.
988 auger samples were collected across the northern 25% of the tenement area.

Multiple auger soil geochemical anomalies were identified with the maximum result grading 1,552 ppb gold.

Other highlights included a 2.4x0.3 kilometre gold anomaly known at GT5 and a broad anomalous 1.5x2.5 kilometre gold zone.


Background

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.

The company is focusing its attention on regional exploration programs over this prospective Pinnacles regional tenement package.

The Pinnacles regional project refers to the circa 100 square kilometres that surrounds the Pinnacles JV project, which sits on a granted 8 square kilometre mining lease.

The regional project is largely unexplored and commences less than 5 kilometres along strike from Saracen Mineral Holdings (ASX:SAR) 4+ million ounce Carosue Dam mining operations and the operating Karrari underground gold mine.

Saracen used similar style gravity surveys to help identify Carouse Dam, a major gold deposit.


GT5 target details

GT5 is a high order 2.4x0.3 kilometre gold anomaly showing good strike continuity across six of the 400 metre spaced survey lines within a sheared ultramafic unit.

This area is located in a gravity low and had been highlighted previously as a zone of interest from Nexus regional aeromagnetic assessment and interpretation.

Infill auger soil lines at 100x80 metres will be undertaken to better constrain the anomaly boundaries prior to planning drill activities.

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Thu, 30 Mar 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175639/nexus-minerals-uncovers-gold-anomalies-in-eastern-goldfields-175639.html
<![CDATA[News - Nexus Minerals with a renewed focus in the Eastern Goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/173647/nexus-minerals-with-a-renewed-focus-in-the-eastern-goldfields-173647.html Nexus Minerals (ASX:NXM) has commenced exploration including geochemical sampling and gravity surveys at its Pinnacles regional project in the Eastern Goldfields of Western Australia.

The regional project is largely unexplored and commences less than 5 kilometres along strike from Saracen Mineral Holdings (ASX:SAR) 4+ million ounce Carosue Dam mining operations and the operating Karrari underground gold mine.

Saracen used similar style gravity surveys to help identify Carouse Dam, a major gold deposit.

The company intends to focus its attention on regional exploration programs over this prospective Pinnacles regional tenement package.

The Pinnacles regional project refers to the circa 100 square kilometres that surrounds the Pinnacles JV project, which sits on a granted 8 square kilometre mining lease.


Exploration program details

Exploration programs at the Pinnacles regional project include:

- Auger and soil geochemical sampling programs;
- Ground geological / structural mapping;
- Gravity survey over northern part of tenement package completed in late 2016;
- Gravity survey over southern part of tenement package commenced February 2017;
- Regional aeromagnetic targets follow up; and
- New regional emissivity mapping target method commenced.


Analysis

Nexus entered 2017 with $5.98 million in cash and equivalents meaning the company is well funded to conduct the current exploration programs at the Pinnacles regional project.

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia, providing multiple sources of exploration based news flow.

The Pinnacles regional tenement package is largely unexplored and is considered prospective geological terrain within a major regional structural corridor.

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Fri, 24 Feb 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173647/nexus-minerals-with-a-renewed-focus-in-the-eastern-goldfields-173647.html
<![CDATA[News - Nexus Minerals drill high-grade gold at Pinnacles ]]> http://www.proactiveinvestors.com.au/companies/news/172730/nexus-minerals-drill-high-grade-gold-at-pinnacles-172730.html Nexus Minerals (ASX:NXM) now has all the assays in from the 2425 metre drilling program over the Pinnacles East Resource area, located near Kalgoorlie in Western Australia.

Highlights include: 6 metres at 11.46g/t gold, 7 metres at 4.64g/t gold, 25 metres at 2.33g/t gold and 17 metres at 2.25g/t gold.

The principal purpose of the drill program was to provide the necessary geotechnical information required to input into the mine potential study currently underway.

Many of the high-grade intercepts confirmed the widths and grades of previous drilling.


Pinnacles East potential

Nexus recently commenced mine studies at Pinnacles East following the engagement of consultants to undertake a resource update.

The consultants will also to assist the company in determining the potential of establishing an initial open cut pit followed by an underground gold mining operation.

This is ongoing.


Well-funded

Nexus held close to $6 million in cash at the end of December 2016, and with a market cap of circa $10 million, the enterprise value is $4 million.

The company remains focused on the Pinnacles joint venture and farm-in agreement with mid-tier gold producer Saracen Gold Mines (ASX:SAR).

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Tue, 07 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172730/nexus-minerals-drill-high-grade-gold-at-pinnacles-172730.html
<![CDATA[News - Nexus Minerals advancing towards resource update ]]> http://www.proactiveinvestors.com.au/companies/news/172452/nexus-minerals-advancing-towards-resource-update-172452.html Nexus Minerals (ASX:NXM) mineral resource update and mine studies continued into the December quarter within the Pinnacles JV Project located in the Eastern Goldfields of Western Australia.

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.

Its flagship project is the Pinnacles JV, located on an 8 square kilometre granted mining lease

The mining lease is surrounded by the Pinnacles regional project, covering 94 square kilometres.

Mine studies at Pinnacles East within the Pinnacles JV commenced during the September quarter following the engagement of consultants to undertake a mineral resource update, and also to assist in determining the potential of establishing an initial open cut pit followed by an underground gold mining operation.


Joint venture details

Nexus entered into a farm-in and joint venture agreement over the Pinnacles JV Gold Project with Saracen in late 2015, which allows it to earn up to an 85% interest in the project.

Under the agreement, Saracen will buy any ore produced and process it at their 2.4 million tonnes per annum mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


March quarter work program

During the current March quarter, Nexus intends to undertake the following activities:

- Complete mine potential studies (Pinnacles JV Gold project);
- Complete final 30% coverage of gravity survey to complete coverage of total 100 square kilometres regional tenement package (Pinnacles regional gold project); and
- Commence auger geochemical orientation survey post assessment of gravity survey data and integration with structural and geological information (Pinnacles regional gold project).

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Tue, 31 Jan 2017 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172452/nexus-minerals-advancing-towards-resource-update-172452.html
<![CDATA[News - Nexus Minerals Ltd receives assays from Pinnacles gold project ]]> http://www.proactiveinvestors.com.au/companies/news/167474/nexus-minerals-ltd-receives-assays-from-pinnacles-gold-project-167474.html Nexus Minerals Ltd (ASX:NXM) has received assays from a recently completed 6 hole, 825 metre reverse circulation drill program within the Pinnacles JV Project located in the Eastern Goldfields of Western Australia.

Two holes drilled into the GT1 geophysical anomaly intersected strong silicification and sulphide alteration.

The presence of intense silicification and alteration provide for the existence of a large scale regional gold system.

Four holes drilled into the GT2 soil geochemistry anomaly returned results up to 2 metres at 1.77 g/t gold.

Exploration will continue with a 100 square kilometre gravity survey covering the complete regional tenement package to commence in early November.

Results will be used for regional first pass auger drilling.


Background

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.

Its flagship project is the Pinnacles JV, located on an 8 square kilometre granted mining lease

The mining lease is surrounded by the Pinnacles regional project, covering 94 square kilometres.

Nexus entered into a farm-in and joint venture agreement over the Pinnacles JV Gold Project with Saracen in late 2015, which allows it to earn up to an 85% interest in the project.

Under the agreement, Saracen will buy any ore produced and process it at their 2.4 million tonnes per annum mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Drill result details

Two drill holes were designed to a depth of 200 metres to test the GT1 anomaly identified from a gradient array induced polarisation (GAIP) survey undertaken in June.

Both drill holes encountered strongly silicified stratigraphy, with quartz-carbonate veining, extensive hydrothermal brecciation and up to 10% sulphide content – explaining the GAIP survey anomaly.

Whilst no mineralised intersections were returned in this location, the presence of intense silicification and alteration provide for the existence of a large scale regional alteration system

Four drill holes were designed to a depth of 100 metres to test the GT2 anomaly

The GT2 anomaly was centred over the Pinnacles North 1.6x0.3 kilometre geochemical gold anomaly.

The mineralisation in these holes suggests potential for the discovery of a proximal primary gold bearing system.


Analysis

The positive anomalous gold results returned in the recent drill program provide encouragement for regional exploration success.

The Carosue Dam district exhibits a large scale mineralised hydrothermal gold system having produced multi-million ounces of gold to date, and still today contains over 4 million ounces of gold in regional resources. 

Nexus holds a significant land package of highly prospective geological terrain within a major regional structural corridor, and is actively exploring for gold deposits.

The Pinnacles gold project represents an opportunity to significantly grow the gold resource base and with it a near term production profile.

Nexus recently upgraded its JORC resource for Pinnacles East to 550,000 tonnes at 4.6 g/t gold for 82,000 ounces.

This represented a 193% increase in ounces and 120% increase in grade.

Further resource drilling, test work and studies will take place in the December quarter to assist in determining mine development options.

Nexus shares are trading up 120% year to date, currently priced at $0.15.

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Mon, 17 Oct 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167474/nexus-minerals-ltd-receives-assays-from-pinnacles-gold-project-167474.html
<![CDATA[News - Nexus Minerals' gold discovery cost under $10 an ounce ]]> http://www.proactiveinvestors.com.au/companies/news/167405/nexus-minerals-gold-discovery-cost-under-10-an-ounce-167405.html Nexus Minerals Ltd (ASX:NXM) is a well-funded resource company with a portfolio of projects in Western Australia, and has a strategy of investing in advanced gold exploration assets.

Nexus has now completed a resource upgrade on the Pinnacles East gold resource area, within the Pinnacles JV gold project, located in the Eastern Goldfields, 120 kilometres northeast of Kalgoorlie.

The JORC 2012 Resource is now: 550,000 tonnes at 4.6g/t gold for 82,000 ounces.

The ounces increased by 193%, and the grade by 120%, above the previous resource by partner Saracen Mineral Holdings Ltd (ASX:SAR).

Importantly, the Nexus discovery cost is under $10 an ounce.

Andy Tudor, managing director, commented: "I am very pleased with the significant increase to the mineral resource in terms of both tonnes and particularly grade.

"These results further enhance the strength of the Pinnacle’s project and its ability to produce a robust and viable gold mining operation."


Analysis

Due to the pre-existing ore sales agreement with Saracen, there is very low capital expenditure required to initiate mining, with any ore mined to be processed through Saracen’s Carosue Dam Operation.

Today's news shows that Nexus is moving quickly to complete 85% ownership of the project.

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Fri, 14 Oct 2016 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167405/nexus-minerals-gold-discovery-cost-under-10-an-ounce-167405.html
<![CDATA[News - Nexus Minerals Ltd's gold assays define open cut potential at Pinnacles ]]> http://www.proactiveinvestors.com.au/companies/news/165422/nexus-minerals-ltds-gold-assays-define-open-cut-potential-at-pinnacles-70942.html Nexus Minerals Ltd (ASX:NXM) is a well-funded resource company with a portfolio of gold projects in Western Australia, and has a strategy of investing in advanced gold exploration assets.

The company has previously entered into a farm-in and joint venture agreement over the Pinnacles JV Gold Project mid-tier producer Saracen Mineral Holdings Ltd (ASX:SAR).


Latest drilling

Nexus has now received results from the diamond and reverse circulation drilling campaign at the Pinnacles East gold resource, which is part of the joint venture, and located 120 kilometres northeast of Kalgoorlie.

The results define the open cut potential of project, with JORC 2012 resource update work underway.

Drilling tested for depth and strike extensions to the south of, and beneath, high grade gold mineralisation identified at Pinnacles East to date.

The deeper holes under the Pinnacles East resource (which commences at surface) were targeted to intercept mineralisation at circa 350 metres vertical depth, 100 metres below previous mineralised intercepts.

These included: 8 metres at 7.7g/t gold, 7 metres at 5.9g/t gold, 3 metres at 9.8g/t gold and 4 metres at 7.6g/t gold.

The drill program intersected the structure hosting the mineralisation at the depths interpreted, with the geological package of volcaniclastic sandstones, shales and conglomerates also intersected.

The Pinnacles gold mineralisation is typically associated with an increase in quartz veining, chlorite alteration and increase in sulphide content.

Nexus said that whilst all of these geological factors were observed, the drill results returned only narrow and low grade intersections of mineralisation in the two holes (NMPDD1 & NMPDD2) 100 metres underneath previous significant intercepts.


Pinnacles East mining studies advancing

Nexus will continue to determine the feasibility of the open cut potential of the Pinnacles East gold resource area, being initially from surface to ~150 metres - with mineralisation between ~150 metres and ~250 metres to be considered as a potential underground operation.

Nexus consultants have been engaged to undertake a resource update and pit optimization study, to assist in determining the financial viability of establishing an initial open cut gold mining operation.

The current resource of 413,000 at 2.1g/t gold for 28,000 ounces is from surface to 130 metres below surface, and nearly 94% of this resource is in the Indicated category.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 09 Sep 2016 09:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165422/nexus-minerals-ltds-gold-assays-define-open-cut-potential-at-pinnacles-70942.html
<![CDATA[News - Nexus Minerals Ltd secures cash for Pinnacles gold project ]]> http://www.proactiveinvestors.com.au/companies/news/165421/nexus-minerals-ltd-secures-cash-for-pinnacles-gold-project-70567.html Nexus Minerals Ltd (ASX:NXM) has received commitments to raise $2.3 million through the issue of 11.9 million shares at $0.195 as part of a placement.

Funds will be used to accelerate exploration activities, including drilling on the company’s Pinnacles JV tenement and Pinnacles Regional tenements, located 130 kilometres northeast of Kalgoorlie, Western Australia.

The Pinnacles JV is with mid-tier gold producer Saracen Mineral Holdings Ltd (ASX:SAR).

This provides Nexus with an opportunity to significantly grow the gold resource base, and with it, a near term production profile.

Nexus is expecting assays in September from two recently completed drill programs within Pinnacles.


Background

Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.

It’s flagship project is the Pinnacles JV, located on an 8 square kilometre granted mining lease

The mining lease is surrounded by the Pinnacles regional project, covering 94 square kilometres.

Nexus entered into a farm-in and joint venture agreement over the Pinnacles JV Gold Project with Saracen in late 2015, which allows it to earn up to an 85% interest in the project.

Under the agreement, Saracen will buy any ore produced and process it at their 2.4 million tonnes per annum mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Assays pending

Nexus recently completed a six hole, 2,244 metre Pinnacles gold resource extension drill program.

It is testing extensions to Pinnacles East within the Pinnacles JV which previously delivered 8 metres at 7.7 g/t gold; 7 metres at 5.9 g/t gold; and 3 metres at 9.8 g/t gold.

Initial results are expected early September 2016.

A regional six hole, 825 metre drill program was also recently completed testing two target areas.

Initial results are expected late September 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 19 Aug 2016 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165421/nexus-minerals-ltd-secures-cash-for-pinnacles-gold-project-70567.html
<![CDATA[News - Nexus Minerals Ltd raising capital to advance Pinnacles gold project ]]> http://www.proactiveinvestors.com.au/companies/news/165419/nexus-minerals-ltd-raising-capital-to-advance-pinnacles-gold-project-70537.html Nexus Minerals Ltd (ASX:NXM) is undertaking a share placement to raise capital to fund the advancement of the Pinnacles gold project located 120 kilometres from Kalgoorlie.

This includes the resource drill out of the Pinnacles East resource area and associated mine development studies.

The funds will also allow for the acceleration of the company’s regional exploration program across the highly prospective 100 square kilometre Pinnacles tenement package.

Nexus is expecting assays in September from two recently completed drill programs within Pinnacles.

Within the Pinnacles project exists the Pinnacles JV with mid-tier gold producer Saracen Mineral Holdings Ltd (ASX:SAR).

The company has an opportunity to significantly grow the gold resource base and with it a near term production profile.


Assays pending

Nexus recently completed a six hole, 2,244 metre Pinnacles gold resource extension drill program.

It is testing extensions to Pinnacles East which previously delivered 8 metres at 7.7 g/t gold; 7 metres at 5.9 g/t gold; and 3 metres at 9.8 g/t gold.

Initial results are expected early September 2016.

A regional six hole, 825 metre drill program was also recently completed testing two target areas.

Initial results are expected late September 2016.


Pinnacles JV

Nexus entered into a farm-in and joint venture agreement over the Pinnacles JV Gold Project
with Saracen in late 2015.

Under the agreement, Saracen will buy any ore produced and process it at their 2.4 million tonnes per annum mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Analysis

The Pinnacles gold project represents an opportunity to significantly grow the gold resource base and with it a near term production profile.

This capital raising exercise will provide Nexus with sufficient funding to take the Pinnacles JV project to a decision to mine.

Furthermore by securing funding it will de-risk the medium term production opportunity for Nexus.

Nexus is highly leveraged to exploration upside as it awaits assay results from two completed drilling programs at Pinnacles.

The stock price has been performing very well recently, up 150% over the past 3 months, currently trading at $0.205.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 18 Aug 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165419/nexus-minerals-ltd-raising-capital-to-advance-pinnacles-gold-project-70537.html
<![CDATA[News - Nexus Minerals Ltd commences drilling at Pinnacles in the Eastern Goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/139593/nexus-minerals-ltd-commences-drilling-at-pinnacles-in-the-eastern-goldfields-70002.html Nexus Minerals Ltd (ASX:NXM) has commenced a diamond and reverse circulation drilling program at the Pinnacles Joint Venture gold project.

The Pinnacles JV is with mid-tier gold producer Saracen Mineral Holdings Ltd (ASX:SAR), and is strategically located in the Eastern Goldfields of Western Australia, around 120 kilometres northeast of Kalgoorlie.

There is an opportunity to significantly grow the gold resource base and with it a near term production profile, as Nexus has sufficient cash to take the Pinnacles JV project to a “Decision to Mine”.

Saracen will buy any ore produced under the JV agreement and process it at their 2.4Mtpa mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Drilling details

The diamond and reverse drilling program is underway, and will cover circa 3350 metres.

The program will be testing for extensions to the Pinnacles East gold resource as well as testing priority regional gold targets.

Previously Pinnacles East delivered: 8 metres at 7.7g/t gold; 7 metres at 5.9g/t gold; and 3 metres at 9.8g/t gold.

The Pinnacles East gold resource extension program will test for depth and strike extensions to the south of, and beneath, high grade gold mineralisation identified to date.


Analysis

The drilling program is anticipated to be completed late August, with results expected to be received from early September.

Nexus can earn up to an 85% interest in the Pinnacles JV with a staged drilling and project development spend.

Nexus had $5.6 million cash on hand (May 2016) and with the Pinnacles JV agreement with Saracen in place, the medium-term gold production opportunity is significantly de-risked.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 25 Jul 2016 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139593/nexus-minerals-ltd-commences-drilling-at-pinnacles-in-the-eastern-goldfields-70002.html
<![CDATA[News - Nexus Minerals Ltd unveils potential gold system ahead of Pinnacles drilling ]]> http://www.proactiveinvestors.com.au/companies/news/139592/nexus-minerals-ltd-unveils-potential-gold-system-ahead-of-pinnacles-drilling-69875.html Nexus Minerals Ltd (ASX:NXM) has completed a geophysical survey on its Pinnacles JV project in the eastern goldfields of Western Australia.

The survey data, alongside the recently completed aeromagnetic results, has identified a number of drill ready gold targets.

Data shows a 2.5 x 0.6 kilometre anomaly, within which lies a 1.5 x 0.2 kilometre anomaly exhibiting the signature of a major intrusive related alteration system, often associated with gold mineralisation.

Drill planning is now at an advanced stage for the further testing of the Pinnacles East resource area as well as regional targets recently identified.

The Pinnacles JV project is a partnership with mid-tier gold producer, Saracen Mineral Holdings Ltd (ASX:SAR) whereby Nexus can earn up to an 85% interest with a staged drilling and project development spend.


Geophysical survey details

The Gradient Array Induced Polarisation (GAIP) method is a geophysical method used in gold
exploration and provides two forms of results, being resistivity and chargeability.

The GAIP survey highlights the Pinnacles Corridor and Pinnacles North anomalies – GT1, GT2, GT3 and GT4.

These anomalies represent drill ready gold targets and planning is underway to allow priority drill testing.

Recent managing director appointment

Nexus recently appointed the experienced Andy Tudor as managing director.

Tudor has been CEO since July 2014, and has worked successfully in that time to assess a large number of prospective projects resulting in joint venture arrangements over the Pinnacles JV, Pinnacles Regional and Triumph projects.


The Pinnacles opportunity

There is an opportunity to significantly grow the gold resource base and with it a near term production profile.

Nexus has sufficient cash to take the Pinnacles JV project to a “Decision to Mine”.

With $5.6 million cash on hand (May 2016) and a Pinnacles JV agreement with Saracen in place, the road to medium term production opportunity is significantly de-risked.

As Saracen will buy any ore produced under the JV agreement and process it at their 2.4Mtpa mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the Pinnacles JV project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Exploration upside

When drilling for gold begins, Nexus will be leveraged to exploration upside.

Given the fact that Nexus has completed an extensive amount of pre-drilling exploration, it is giving itself the best chance to identify mineralisation with its upcoming drill program.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Jul 2016 13:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139592/nexus-minerals-ltd-unveils-potential-gold-system-ahead-of-pinnacles-drilling-69875.html
<![CDATA[News - Nexus Minerals Ltd appoints Andy Tudor as managing director ]]> http://www.proactiveinvestors.com.au/companies/news/139591/nexus-minerals-ltd-appoints-andy-tudor-as-managing-director--69642.html Nexus Minerals Ltd (ASX:NXM) has appointed the experienced Andy Tudor as managing director.

Tudor has been CEO since July 2014, and has worked successfully in that time to assess a large number of prospective projects resulting in joint venture arrangements over the Pinnacles JV, Pinnacles Regional and Triumph projects.

The Pinnacles JV project is a partnership with mid-tier gold producer, Saracen Mineral Holdings Ltd (ASX:SAR) whereby Nexus can earn up to an 85% interest with a staged drilling and project development spend.

Pinnacles is located north-east of Kalgoorlie.


The Pinnacles opportunity

There is an opportunity to significantly grow the gold resource base and with it a near term production profile.

Nexus has sufficient cash to take the Pinnacles JV project to a “Decision to Mine”.

With $5.6 million cash on hand (May 2016) and a Pinnacles JV agreement with Saracen in place, the road to medium term production opportunity is significantly de-risked.

As Saracen will buy any ore produced under the JV agreement and process it at their 2.4Mtpa mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the Pinnacles JV project.

Nexus has full access to Saracen infrastructure, haul roads and camp facilities.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 06 Jul 2016 09:03:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139591/nexus-minerals-ltd-appoints-andy-tudor-as-managing-director--69642.html
<![CDATA[News - Nexus Minerals Ltd finds more gold targets at Pinnacles ]]> http://www.proactiveinvestors.com.au/companies/news/139590/nexus-minerals-ltd-finds-more-gold-targets-at-pinnacles--69102.html Eastern Goldfields gold explorer, Nexus Minerals Ltd (ASX:NXM) and its consultants have identified multiple targets analogous to the Pinnacles East Gold Resource that was identified – the “Pinnacles Corridor."

The “Pinnacles Corridor” target area extends 2.5 kilometres to the north and 1.5 kilometres to the south of the Pinnacles East Resource area, located north-east of Kalgoorlie.

Southern Geoscience Consultants were engaged to undertake aeromagnetic data processing, imaging and interpretation of the Pinnacles JV tenement and the surrounding Pinnacles regional tenement package.

The Pinnacles JV project is a partnership with mid-tier gold producer, Saracen Mineral Holdings (ASX:SAR) whereby Nexus can earn up to an 85% interest with a staged drilling and project development spend.
 
The aeromagnetic work has yielded a coherent district and local geological framework.

There is a suggested association between magnetic features and areas of mineralisation, the known example to date being the Pinnacles East Resource area.

Areas of exploration interest are proposed based on multiple factors culminating in “weights of evidence” anomalies.

The potential broader regional association will see further ground work and ultimately the integration of future drill hole data.


Next steps

Nexus is continuing to build geological, structural and mineralisation information of the region with interpretation models being developed.

In addition to Nexus field mapping of the JV tenement, a ground IP geophysical survey is currently being undertaken.

The program is designed to cover the targets identified by the aeromagnetic work along the “Pinnacles Corridor”.

The survey will cover the Pinnacles East resource area, to provide the operator with a base response, with the survey then being extended to cover all of the “Pinnacles Corridor” and the Pinnacles North 1.6km x 300m gold/arsenic soil anomaly.

Following the integration of all geological/geophysical/structural/geochemical inputs, drill programs will be designed to test the prospective targets identified.


Analysis

The identification of Pinnacles targets add to the potential unfolding at Pinnacles.

There is an opportunity to significantly grow the gold resource base and with it a near term production profile.

Nexus has sufficient cash to take the Pinnacles JV project to a “Decision to Mine”.

With $5.6 million cash on hand (May 2016) and a Pinnacles JV agreement with Saracen in place, the road to medium term production opportunity is significantly de-risked.

As Saracen will buy any ore produced under the JV agreement and process it at their 2.4Mtpa mill at Carosue Dam Mining Operations, just 13 kilometres to the north of the Pinnacles JV project. Nexus has full access to Saracen infrastructure, haul roads and camp facilities.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 08 Jun 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139590/nexus-minerals-ltd-finds-more-gold-targets-at-pinnacles--69102.html
<![CDATA[News - Nexus Minerals Ltd identifies large gold anomaly at Pinnacles ]]> http://www.proactiveinvestors.com.au/companies/news/139589/nexus-minerals-ltd-identifies-large-gold-anomaly-at-pinnacles-68406.html Nexus Minerals Ltd (ASX:NXM) has identified five soil geochemical gold anomalies on the Pinnacles JV gold project 100 kilometres north east of Kalgoorlie.

The largest of the five anomalies, Pinnacles North, measures 1.6 kilometres x 300 metres and covers the central portion of the tenement.

Nexus currently has a 25% equity stake in the joint venture with its partner, a 100% owned subsidiary of mid-tier gold producer, Saracen Mineral Holdings (ASX:SAR).

Previous exploration data has identified five coincident gold arsenic soil geochemical anomalies.

A total of 853 soil samples were collected in 1993, which identified the five targets.

Between 1994 to 1998, 36 rotary air blast holes were drilled on the Pinnacles North target identifying several mineralised intersections including 3 metres at 1.13 g/t gold.

Southern Geoscience Consultants have been engaged to undertake follow up aeromagnetic data processing, imaging and interpretation.

Nexus also plan to undertake a ground induced polarisation geophysical survey in the June quarter.


Pinnacles JV gold project

The Pinnacles JV gold project is a farm-in and joint venture with Saracen whereby Nexus can earn up to 85% by spending a minimum of $200,000 per year on drilling and development over 5 years.

Nexus has the ability to accelerate the earn-in by increasing expenditure.

A 1,164 metre, 4 hole reverse circulation drill program was recently completed on the project with assay results pending.

The project has an existing JORC resource of 28,000 ounces from surface to 130 metres depth allowing for an open cut starter pit leading into a underground high grade gold mine. The resource is open in all directions.

The Pinnacles JV provides Nexus with the opportunity for near-term gold production, as it has an ore sale and purchase agreement already in place with Saracen.

Saracen has a 2.4 million tonnes per annum mill at the Carosue Dam mining operations located 13 kilometres to the north of the Pinnacles JV project.

The joint venture gives Nexus full access to Saracen's infrastructure, haul roads and camp facilities.


Analysis

Nexus has resourcefully used publicly available historical exploration data to identify new exploration targets.

During the period of this historical exploration (1993-1998), the gold price was trading in the range of US$250-US$400.

Nexus shares are currently trading at $0.10, representing a circa 80% appreciation over the past 12 months.

At the end of the March quarter, the company held $5.6 million in cash and term deposits.

With a market capitalisation of circa $7 million, Nexus is 80% cash backed. Nexus remains leveraged to exploration success from the recently completed drill program, where assays are pending and the ongoing fieldwork.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 03 May 2016 10:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139589/nexus-minerals-ltd-identifies-large-gold-anomaly-at-pinnacles-68406.html
<![CDATA[News - Nexus Minerals Ltd completes drilling at WA gold project ]]> http://www.proactiveinvestors.com.au/companies/news/139588/nexus-minerals-ltd-completes-drilling-at-wa-gold-project-68021.html Nexus Minerals Ltd (ASX:NXM) has completed its 1,164 metre, 4 hole reverse circulation drill program at the Pinnacles JV gold project ~100 kilometres north east of Kalgoorlie.

The drill holes intersected geology, alteration and structures similar to those observed in previous Nexus drilling and historic drill holes by previous operators.

Drill samples have been submitted for analysis with the results expected in late April 2016.


Pinnacles JV gold project

The Pinnacles JV gold project is a farm-in and joint venture between a subsidiary of Saracen Mineral Holdings Ltd (ASX:SAR).

Nexus can earn up to 85% by spending a minimum of $200,000 per year on drilling and development over 5 years.

Nexus has the ability to accelerate the earn-in by increasing expenditure.

The project has an existing JORC resource of 28,000 ounces from surface to 130 metres depth allowing for an open cut starter pit leading into a underground high grade gold mine. The resource is open in all directions.

The Pinnacles JV provides Nexus with the opportunity for near-term gold production, as it has an ore sale and purchase agreement already in place with Saracen.

Saracen has a 2.4 million tonnes per annum mill at the Carosue Dam mining operations located 13 kilometres to the north of the Pinnacles JV project.

Nexus will have full access to Saracen's infrastructure, haul roads and camp facilities.

This project is consistent with the company strategy of investing in advanced gold exploration prospects.


Analysis

Nexus shares are currently trading at their 12 month high appreciating 100% over that time to now trade at around $0.12.

The market capitalisation remains low at around $9 million considering the company held $5.8 million in cash at the end of 2015.

Nexus remains leveraged to exploration success from the current drilling program, and offers investors a near term production profile with sufficient cash to allow the company to develop the project.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 12 Apr 2016 14:15:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139588/nexus-minerals-ltd-completes-drilling-at-wa-gold-project-68021.html
<![CDATA[News - Nexus Minerals Ltd, Saracen to reveal Pinnacles JV assays end of April ]]> http://www.proactiveinvestors.com.au/companies/news/139587/nexus-minerals-ltd-saracen-to-reveal-pinnacles-jv-assays-end-of-april-67789.html Nexus Minerals Ltd (ASX:NXM) now has a four hole, 1000 metre reverse drilling program underway at the Pinnacles JV Gold Project.

While Nexus may be just a junior explorer, its partner is mid-tier gold miner Saracen Gold Mines (ASX:SAR).

The drilling program is anticipated to be completed in early April, with results expected to be received by the end of April.

The Pinnacles JV provides Nexus with the opportunity for near-term gold production, as it has an Ore Sale & Purchase Agreement already in place with Saracen.

The current drilling program will follow-up on previous high-grade gold intersections, with the existing resource open in all directions.

Nexus Minerals is well-funded with $5.8 million in cash at the end of December 2015, and is also well placed to capitalise on opportunities as they emerge in the resource sector.


Drilling details

The program is to test for depth and strike extensions to the north of high grade mineralisation identified to date.

This will be both as a follow up to the widest and highest grade mineralisation intersected by Nexus in late 2015, and from previous drilling by Saracen.

Previous significant intercepts include: 6 metres at 4.4g/t gold; 13 metres at 4.6g/t gold; 2 metres at 10.7g/t gold; and 1 metre at 14.2g/t gold.


JV details

- Nexus earning up to 85% / SAR 15% JV Project Partner.
- Nexus minimum spend: Yr1-5 $200,000/yr to earn 85% interest (total A$1M).
- JV Expenditure dedicated to drilling & project development – no cash payments.
- Nexus can accelerate expenditure to “speed up” earn-in % time line.
- Project has existing JORC 2012 Resource of 28,000oz (from Surface to 130m).
- Underground High Grade Gold Mine Potential below Open Cut starter pit.
- Resource OPEN in ALL Directions - Opportunity to significantly expand resource.
- SAR to buy any Ore produced by way of Ore Sale & Purchase Agreement.
- SAR to process the Ore through their 2.4Mtpa Mill at Carosue Dam Mining Operations – 13km to the north of Pinnacles JV project.
- Nexus has full access to SAR Infrastructure, Haul Roads and Camp facilities.


Analysis

Investors have provided strong support for the Nexus strategy, with shares in the company last trading at $0.105, or around double where they were six-months ago.

Even with the share price rise, the valuation of the company is only circa $7 million, yet it held $5.8 million in cash at the end of 2015.

Taking into consideration of costs during the March quarter, the Enterprise Value sits at $2 to $3 million.

Nexus is therefore leveraged to exploration success from the current drilling program.

Add to this the opportunity for near-term gold production via an Ore Sale & Purchase Agreement already in place with Saracen.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 31 Mar 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139587/nexus-minerals-ltd-saracen-to-reveal-pinnacles-jv-assays-end-of-april-67789.html
<![CDATA[News - Nexus Minerals Ltd's Andy Tudor talks ore agreements and Saracen with investors ]]> http://www.proactiveinvestors.com.au/companies/news/139586/nexus-minerals-ltds-andy-tudor-talks-ore-agreements-and-saracen-with-investors-67444.html Nexus Minerals Ltd (ASX:NXM) managing director, Andy Tudor, joined the Proactive Investors Spotlight CEO Roadshow in Sydney and Melbourne this week.

Nexus is in a joint venture with mid-tier producer Saracen Mineral Holdings (ASX:SAR), at the Pinnacles project in the Eastern Goldfields of Western Australia.


ACCESS THE FULL PRESENTATION HERE


Recent standout intersections included: 6 metres at 13.1g/t gold, 8 metres at 7.7g/t gold and 11 metres at 5.6g/t gold.

These are below the existing resource.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 11 Mar 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139586/nexus-minerals-ltds-andy-tudor-talks-ore-agreements-and-saracen-with-investors-67444.html
<![CDATA[News - Nexus Minerals Ltd talks gold and Saracen in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/139585/nexus-minerals-ltd-talks-gold-and-saracen-in-proactive-qa-sessions-67333.html Nexus Minerals Ltd (ASX:NXM) remains an “under the radar company”, trading at close to cash backing while conducting joint venture exploration work with mid-tier producer Saracen Mineral Holdings (ASX:SAR).

The Pinnacles JV in the Eastern Goldfields of Western Australia recently yielded some high-grade and broad gold intersections.

To tell us more, we are joined exclusively by Andy Tudor, managing director, Nexus Minerals, in Proactive Q&A Sessions™.


PROACTIVE INVESTORS: Welcome Andy.


First of all to the Pinnacles JV with Saracen, can you outline the key recent assays and what impact they have on the project?

Andy Tudor: Standout intersections included 6 metres at 13.1g/t gold, 8 metres at 7.7g/t gold and 11 metres at 5.6g/t gold.

These are below the existing resource. With all seven holes intersecting high-grade and good width mineralisation below the existing 28,000 resource, this has confirmed that the high grade mineralisation previously identified at shallow levels continues to depth.

Also the mineralisation still remains open in all directions.


How much drilling is required before an updated resource estimate, and can you outline the exploration target?

Andy Tudor: The intention is to undertake staged focussed target specific drill programs in 2016, with further drilling being planned to test for the north, south and further depth extensions.

This would enable Nexus to be in a position by the end of the year to potentially undertake a resource update. To date we have not disclosed a specific exploration target, as we need to build our knowledge of the project geology and mineralisation first – then provide an update.


Considering the company’s $5.8 million cash position, can Nexus speed-up its JV commitments to advance to decision to mine sooner?

Andy Tudor: That is certainly the case, and we are accelerating our earn in schedule already at a rate ahead of the minimum requirement.


What ore purchasing agreements does Nexus already have in place with Saracen, and how soon could cash flows be achieved?

Andy Tudor: The agreement Nexus has with Saracen ensures Saracen will buy any Ore produced from the Pinnacles JV by way of Ore Sale & Purchase Agreement.

SAR will process the Ore through their 2.4Mtpa Mill at Carosue Dam Mining Operations – 13 kilometres to the north of Pinnacles JV project.

Another critical element to the agreement is that Nexus has full access to SAR Infrastructure, Haul Roads, Camp facilities etc. which has already proved to be of huge assistance to our exploration campaigns.

Post any resource upgrade and a positive “decision to mine”, it would be 12 months before any cash flow would commence.  This is a very short timeframe – but it is achievable as minimal upfront project CAPEX will be required – with the use of the SAR mill and other infrastructure already in place.


How was the relationship formed between Nexus and Saracen, and could the companies work on additional JV’s?

Andy Tudor: I have worked in the past with some of the senior management at SAR, and over the last 12 months have dealt with other members of their team. The two companies certainly have a good working relationship, and other JV opportunities are certainly being discussed.


Would Nexus consider any acquisitions, or additional farm-ins with other companies, in the near-term if they became available?

Andy Tudor: Absolutely. We are actively seeking other narrow vein high grade gold projects in the region, with a view to utilising a potential similar agreement with SAR, for the treatment of any ore material through the Carosue Dam mill facility.


Finally, why should an investor consider adding Nexus Minerals to their portfolio?

Andy Tudor: Nexus is a fantastic investment opportunity as we are currently “at cash backing”. The market has yet to place a value on the Pinnacles JV, and in addition to this, the regional tenement package, with the stock having an E/V of $0.
 
We are actively marketing the stock and this, in conjunction with a steady news flow from planned drilling in every quarter of 2016, should see the stock move to a price that represents its true value.

The Australian dollar gold price continues to be at very levels, and this coupled with an advanced exploration / pre production gold story augers well for the stock price in the coming months and beyond.


PROACTIVE INVESTORS: Thank-you Andy.


MEET the company at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in March 2016

To find out more on Nexus Minerals, register to attend Proactive's Spotlight CEO Sessions in March.

Sydney Investor Luncheon, Tuesday, 8th March

Melbourne Investor Luncheon, Wednesday, 9th March


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 04 Mar 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139585/nexus-minerals-ltd-talks-gold-and-saracen-in-proactive-qa-sessions-67333.html
<![CDATA[News - Nexus Minerals Ltd, Saracen partner in search for high-grade gold at Pinnacles ]]> http://www.proactiveinvestors.com.au/companies/news/139584/nexus-minerals-ltd-saracen-partner-in-search-for-high-grade-gold-at-pinnacles-67160.html Nexus Minerals Ltd (ASX:NXM) has revealed a plan to follow up high grade gold results from the Pinnacles gold project it is exploring in joint venture with Saracen Mineral Holdings (ASX:SAR).

The Pinnacles project, about 100 kilometres north-east of Kalgoorlie, will be subject to a 1,000 metre, four-hole reverse circulation program starting in late March.

The aim of the program is to test for strike and depth extensions to the high-grade mineralisation discovered at the northern end of the prospect area during a drill campaign in November last year.

Highlights from the most recent campaign included 11 metres at 5.6g/t gold, 2 metres at 13.9g/t gold, 13 metres at 4.6g/t gold and 2 metres at 10.7g/t gold.

This program will concentrate on following up the high-grade gold results returned in holes MNPRC1 drilled by Nexus in November 2015 and PERC019 drilled previously by Saracen.

The relogging of the 40 Saracen reverse circulation drillholes has allowed Nexus to build a consolidated geological/alteration/mineralisation model which has assisted in the drill program planning.


Analysis

The Pinnacles gold project covers an area of 4 kilometres by 2 kilometres and is currently held 100% by Saracen Gold Mines Pty Ltd, a subsidiary of Saracen Mineral Holdings.

The tenement lies 13 kilometres to the south of Saracen’s Carosue Dam Mine facility and is surrounded on all sides by Nexus’ 94 square kilometre tenement package and is contiguous with Saracen’s Carosue Dam mining tenements, which includes the operating Whirling Dervish and Karari gold mines.

During 2014, the two mines produced 79,000 ounces of gold, and contain a current resource base of 1.4 million ounces.

The joint venture tenement exhibits historic gold mine workings and multiple parallel mineralised structures. Gold mineralisation occurs within a sub-vertical shear zone and is associated with quartz veining and sheared altered host rocks.

There are a number of small shafts that have been worked in the early 1900s extracting gold bearing ferruginous quartz. There has been limited exploration undertaken on the tenements by a number of companies from the early 1980s to present, but only in the search for shallow oxide gold potential.

Nexus is also well-funded, with $5.8 million on cash at the end of 2015, and is trading at cash backing. The company is therefore leveraged to news flow.


MEET the company at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in March 2016

To find out more on Nexus Minerals, register to attend Proactive's Spotlight CEO Sessions in March.

Sydney Investor Luncheon, Tuesday, 8th March

Melbourne Investor Luncheon, Wednesday, 9th March


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 23 Feb 2016 18:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139584/nexus-minerals-ltd-saracen-partner-in-search-for-high-grade-gold-at-pinnacles-67160.html
<![CDATA[News - Nexus Minerals Ltd to discuss Saracen JV at Proactive's Spotlight CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/139583/nexus-minerals-ltd-to-discuss-saracen-jv-at-proactives-spotlight-ceo-sessions-67009.html Nexus Minerals' Ltd (ASX:NXM) has been on a high-grade gold streak at the Pinnacles project in the Eastern Goldfields of Western Australia with its $740 million capped joint venture partner Saracen Mineral Holdings (ASX:SAR).

All seven holes in the 2,000-metre campaign intersected high-grade gold mineralisation, confirming that the width and grade of the mineralised structure extends at least 100 metres below the existing 28,000-ounce resource.

Adding to the prospectivity, mineralisation remains open at depth and along strike.

Standout intersections included 6 metres at 13.1g/t gold, 8 metres at 7.7g/t gold and 11 metres at 5.6g/t gold.

Price catalysts for the stock include geological modelling integrating the Nexus drilling with that of previous operators, which will result in the next phase of drill planning.

Nexus is also well-funded, with $5.8 million on cash at the end of 2015, yet its market cap. is just $6 million.

The company is therefore leveraged to news flow.


MEET CEO Andy Tudor at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in March 2016

To find out the importance of the initial results, Andy Tudor, chief executive officer for Nexus, has been secured to speak at Proactive's Spotlight CEO Sessions in March.

Sydney Investor Luncheon, Tuesday, 8th March

Melbourne Investor Luncheon, Wednesday, 9th March


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 15 Feb 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139583/nexus-minerals-ltd-to-discuss-saracen-jv-at-proactives-spotlight-ceo-sessions-67009.html
<![CDATA[News - Nexus Minerals drills high-grade gold at Saracen joint venture ]]> http://www.proactiveinvestors.com.au/companies/news/139582/nexus-minerals-drills-high-grade-gold-at-saracen-joint-venture-66669.html Nexus Minerals' (ASX:NXM) first drilling program at the Pinnacles project in Western Australia with mid-tier joint venture partner Saracen Mineral Holdings (ASX:SAR) has delivered grades exceeding 10g/t gold in six of seven initial holes.

All seven holes in the 2,000-metre campaign intersected high-grade gold mineralisation, confirming that the width and grade of the mineralised structure extends at least 100 metres below the existing 28,000-ounce resource. The mineralisation remains open at depth and along strike.

This result represents successful achievement of the program's aims, establishing extensions at depth to about 250 metres below surface.
 
Standout intersections included 6 metres at 13.1g/t gold, 8 metres at 7.7g/t gold and 11 metres at 5.6g/t gold.

Andy Tudor, chief executive officer for Nexus, commented:

“We are very excited to have intersected the target zone where modelled, and that significant widths of high grade mineralisation were identified in the Nexus drill holes.

"Geological modelling will now take place integrating the Nexus drilling with that of previous operators, resulting in the next phase of drill planning."

Historically, some of the deepest reverse circulation drilling by previous operators (around 150 metres) has yielded significant high-grade gold intersections.


Additional discoveries

In addition to the mineralisation encountered in the main mineralised structural zone, the drilling also indicated that in the most northerly Nexus hole drilled to date, there exists multiple hanging wall zones of mineralisation.

Assay results in this area included 6 metres at 4.4g/t gold, 13 metres at 4.6g/t gold, 2 metres at 10.7g/t gold and 1 metre at 14.2g/t gold.

Multiple zones of hanging wall mineralisation were also encountered in a coincident Saracen hole, where 11 metres at 2.19g/t gold was reported in addition to the main mineralised zone intercept of 2 metres at 13.9g/t gold.

The recent drill program has shown that locally the volcaniclastic package consists of shales, sandstones and conglomerates, with the units displaying varying degrees of silicification.

Gold mineralisation occurs within a sub-vertical shear zone hosted within the sediments. This mineralisation is associated with an increase in quartz veining, chlorite alteration and increase in sulphide content.


Analysis

This is an encouraging first round of drilling at Pinnacles in that it confirms width and grade of the mineralised structure is maintained at depth below the established resource.

Nexus holes have intersected the target zone where modelled, recorded high gold grades in all seven holes drilled and opened up a significant strike extent opportunity at the northern end of the project.

Mineralisation remains open at depth and along strike.

Price catalysts for the stock are set to be triggered as these extensions are followed up and geological modelling underway integrates Nexus’ drilling with that of previous operators.

As the geology is better understood, a resource drill out could be pursued with a view to a potential resource upgrade. Mining studies would then begin post a resource upgrade.

As a $6 million market cap company in jointly developing the project with a $563 million company in Saracen, Nexus is in an uncommonly advantageous position to realise the unlocked value of this underexplored tenement.

The important practical advantages of this joint venture include an Ore Sale & Purchase clause by which any Pinnacles ore mined would be processed at Saracen’s Carosue Dam gold operation, located 13 kilometres to the north.

Access to Saracen infrastructure has also been invaluable for Nexus – from both a cost and ease of operation basis.

The Nexus team stays at the Carosue Dam camp, uses its access roads to the Pinnacles site and has access to Saracen medical and emergency response teams.

Shares in Nexus have already climbed 20% this calendar year and were last trading at A$0.082.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 21 Jan 2016 12:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139582/nexus-minerals-drills-high-grade-gold-at-saracen-joint-venture-66669.html
<![CDATA[News - Nexus Minerals poised to deliver gold results at farm-in with Saracen ]]> http://www.proactiveinvestors.com.au/companies/news/139581/nexus-minerals-poised-to-deliver-gold-results-at-farm-in-with-saracen-66177.html Nexus Minerals (ASX:NXM) has marked encouraging results with the completion of its first drilling program at the Pinnacles gold project in Western Australia, where the company is farming in via a joint venture agreement with mid-tier gold producer Saracen Mineral Holdings (ASX:SAR).

This preliminary encouragement follows 2000 metres of reverse circulation drilling over seven holes at the project and is expected to be further defined by assay results in January 2016.

The campaign was successful in intersecting the target zones where anticipated and has set up Nexus for positive newsflow as the results are published.

The tenement has been significantly underexplored considering its proximity to the multi-million ounce gold camp at Carosue Dam, which holds more than 4 million resource ounces of gold.

Pinnacles is located in WA's Eastern Goldfields, some 100 kilometres northeast of Kalgoorlie-Boulder.

The project has an existing 28,000 gold ounce resource, access to haul roads and infrastructure, and is surrounded by Nexus tenements - providing the company with economies of scale.


Ore agreement

Importantly, the joint venture with Saracen also includes an Ore Sale & Purchase clause – to process potential ore at Carosue Dam, located 13 kilometres to the north.

This reduces significantly any project capital requirements, and has the potential to transition Nexus to a self-funded explorer.

The agreement not only removes the CAPEX requirement but also allows Nexus access to the mill and also to other Saracen mine infrastructure including workshops, camp and haul roads.


Analysis

Nexus is in a good position to benefit from near-term momentum at Pinnacles, with drill samples having already been submitted for analysis and results expected after the Christmas period in early-mid January 2016.

The potential price catalysts associated with Nexus’ ongoing farm-in activities at the site benefit from the project’s proximity to the Carosue Dam Mine facilities, infrastructure and access roads.

The ability to access the Carosue Dam processing facility via the ore agreement, in particular, is a critical component of the agreement for Nexus.

Nexus shares have improved 25% over the past three months as work on the Pinnacles joint venture has progressed.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 15 Dec 2015 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139581/nexus-minerals-poised-to-deliver-gold-results-at-farm-in-with-saracen-66177.html
<![CDATA[News - Nexus Minerals targets extension to high-grade gold at Saracen JV ]]> http://www.proactiveinvestors.com.au/companies/news/139580/nexus-minerals-targets-extension-to-high-grade-gold-at-saracen-jv-65519.html Nexus Minerals (ASX:NXM) has now kicked off a 2000 metre, seven hole reverse circulation drilling program at the Pinnacles gold project in Western Australia.

Nexus recently entered into a farm-in and joint venture at the project with mid-tier gold producer Saracen Mineral Holdings (ASX:SAR).

Drilling will target depth extensions of the high grade mineralisation identified to date, with the program to be wrapped up by the end of November.

The tenement has been significantly under explored considering its proximity to the multi-million ounce gold camp at Carosue Dam, which remains at over 4 million resource ounces.


Why Pinnacles

The Pinnacles project fits into Nexus' criteria of a high grade gold, narrow vein project, with the ability to significantly grow the resource both at depth and along strike.

The project has an existing 28,000 gold ounce resource, access to haul roads and infrastructure, and is surrounded by Nexus tenements - providing the company with economies of scale.

Adding intrigue to the joint venture, it also includes an Ore Sale & Purchase clause – to process potential ore at Carosue Dam, located 13 kilometres to the north.

This reduces significantly any project capital requirements, and has the potential to transition Nexus to a self-funded explorer.

The agreement has Saracen remaining as 15% partners at the completion of the earn-in period of the joint venture – with Nexus 85%.

Saracen has the potential upside of seeing another project they are associated with possibly become a mining operation, and add higher grade ore feed to their mill at Carosue Dam.


Importance of the ore agreement

The ability to access the Carosue Dam processing facility is a critical component of the agreement for Nexus.

Narrow vein high grade deposits such as Pinnacles can struggle to fund the CAPEX required (plus $50 million) due to the tonnages to be processed and the often short reserve mine life.

Therefore the agreement not only removes the CAPEX requirement but also allows Nexus access to the mill and also to other Saracen mine infrastructure including workshops, camp and haul roads.


Analysis

Nexus help $6 million in cash at the end of September 2015, and even after the recent share price run to $0.082, this provides a market cap. of $6 million.

Therefore Nexus is trading at an E/V of practically zero, yet the company still has the ability to enter agreements with the likes of Saracen, a $400 million company.

The current drilling program and assay data would cost less than $100,000 due to the availability of rigs and laboratories.

With news flow coming in December, Nexus remains a company to watch.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 10 Nov 2015 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139580/nexus-minerals-targets-extension-to-high-grade-gold-at-saracen-jv-65519.html
<![CDATA[News - Nexus Minerals shares light up on Pinnacles gold progress ]]> http://www.proactiveinvestors.com.au/companies/news/139579/nexus-minerals-shares-light-up-on-pinnacles-gold-progress-65117.html Nexus Minerals (ASX:NXM) shares were trading as much as 21% higher today with news the company was on track to mark meaningful  development progress at its newly farmed-in Pinnacles gold project in Western Australia.

Shares in the explorer were last trading at A$0.068, representing a 31% increase since the start of the week.

Meet Andy Tudor at Proactive's Sydney / Melbourne Luncheons on the 20th / 21st October.

Limited registration places:

Sydney Investor Luncheon, Tuesday, 20th October.

Melbourne Investor Luncheon, Wednesday, 21st October.

 

Nexus has submitted a program of work for Pinnacles with approval expected by the end of the month.

This will be followed by a drill program in early November to be completed within the month with an aim to test depth extensions at the known high-grade mineralisation identified to date.

Some of the deepest reverse circulation drilling so far (about 150 metres deep) has yielded significant high-grade gold intersections including 6 metres at 17.4g/t gold. Mineralisation remains open at depth, and to the north and south along strike.

Encouragingly, geological modelling of the deposit reveals a significant high-grade core to th mineralised structure, with multiple repetitions of steeply dipping high grade ore shoots evident.

The increased investor support attached to momentum at Pinnacles builds on a share price jump recorded last month when Nexus signed into a farm-in and joint venture over the project with Saracen Mineral Holdings (ASX:SAR).

Under the deal, Nexus will be the sole manager of the Pinnacles and will be able to 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 JV will be established, with each party contributing in proportion to its joint venture interest. 

Upon establishment of any future mining operation on the Pinnacles tenement, the ability to access the Carosue Dam plant would eliminate the need for any processing plant capital.

Pinnacles contains a resource of 413,000 tonnes at 2.1g/t gold for 28,000 ounces of gold.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 15 Oct 2015 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139579/nexus-minerals-shares-light-up-on-pinnacles-gold-progress-65117.html
<![CDATA[News - Nexus Minerals' Andy Tudor on Saracen JV at Sydney, Melbourne Luncheons ]]> http://www.proactiveinvestors.com.au/companies/news/139578/nexus-minerals-andy-tudor-on-saracen-jv-at-sydney-melbourne-luncheons-65029.html Nexus Minerals' (ASX:NXM) is a cashed up Western Australian gold explorer, with an experienced board.

The company's $6 million cash position provides to power to either fund further farm in / joint venture deals, or to fund near term exploration programs unhindered.

Andy Tudor, CEO, recently orchestrated a joint venture with gold producer Saracen Mineral Holdings (ASX:SAR).

Tudor has strong links to senior management at Saracen, having worked with many of them in the past.


Meet Andy Tudor at Proactive's Sydney / Melbourne Luncheons on the 20th / 21st October.

Limited registration places:

Sydney Investor Luncheon, Tuesday, 20th October.

Melbourne Investor Luncheon, Wednesday, 21st October.



Additional opportunities with Saracen

In a recent interview in Proactive Q&A Sessions™, Tudor said that there may be other opportunities for farm-in joint venture agreements with Saracen on some of their other tenements in the area.

Discussions have commenced and options are certainly being investigated.


ACCESS FULL INTERVIEW HERE

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 13 Oct 2015 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139578/nexus-minerals-andy-tudor-on-saracen-jv-at-sydney-melbourne-luncheons-65029.html
<![CDATA[News - Nexus Minerals' Andy Tudor in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/139577/nexus-minerals-andy-tudor-in-proactive-qa-sessions-64953.html Nexus Minerals' (ASX:NXM) holds $6 million in cash, yet has a market cap. circa $4 million.

The company also has the ability to enter deals with the likes of gold-producer Saracen Mineral Holdings (ASX:SAR).

Proactive Investors is joined exclusively by Nexus Minerals' CEO, Andy Tudor.


PROACTIVE INVESTORS: Welcome Andy.


First of all Andy, how does a $4M market cap. company do a deal with Saracen Mineral’s – a $400M company – and what is in it for them?

Andy Tudor: The deal was done as I have strong links to senior management at Saracen.

A number of the management team have worked with me in the past and we have a mutual respect for each other’s professionalism and commitment to the success of any joint projects.

This discussion actually commenced at Diggers and Dealers over 12 months ago and it has taken this long to come to fruition.

Saracen is a very successful explorer and miner in the eastern goldfields through the Carosue Dam Gold mine operation, and recently purchased the Thunderbox Gold mine north of Leonora.

With these two operations a focus for them, they brought the Pinnacles project to Nexus as it was an advanced gold exploration project requiring further drilling to determine the potential of the project.

It fitted Nexus criteria of high grade gold, narrow vein, with the ability to significantly grow the resource both at depth and along strike.

The joint venture agreement also includes an Ore Sale & Purchase clause – to process potential ore at Carosue Dam, located 13 kilometres to the north.

This reduces significantly any project capital requirements (CAPEX).

Saracen will remain as 15% partners at the completion of the earn-in period of the joint venture – with Nexus 85%.

Saracen will benefit from seeing another project they are associated with possibly become a mining operation, and add higher grade ore feed to their mill at Carosue Dam.


With funding key in the current difficult financial environment, what could the JV ore sale agreements deliver Nexus Minerals'?

Andy Tudor: The ability to access the Carosue Dam processing facility was a critical component of the agreement.

These narrow vein high grade deposits can struggle to fund the CAPEX required (plus $50 million) due to the tonnages to be processed and the often short reserve mine life.

This agreement not only removes the CAPEX requirement but also allows Nexus access to the mill and also to other Saracen mine infrastructure, workshops, camp, haul roads etc.


What other key assets does the company’s portfolio hold, and what are the plans for these?

Andy Tudor: The company also has under application in its own right the 94 square kilometre tenement that directly surrounds the Saracen Pinnacles joint venture tenement.

This tenement has been significantly under explored considering its proximity to the mutli-million ounce gold camp at Carosue Dam, which remains at over 4 million resource ounces.

Data collation and interpretation is progressing with field work to commence once the tenement is granted.

The Triumph gold project is 70 kilometres to the north of Carosue Dam and Nexus has completed phase 1 IP geophysics and a 4000 metre reverse circulation drill program in 2015.

This successfully identified two prospects with high grade gold mineralisation intersected.

These results will be followed up with a phase 2 IP program in the first quarter of 2016, with results used to assist in further drill program planning.

The Mt Celia gold project is a further 50 kilometres to the north of Triumph and is a tenement abutting another resource company’s modest high grade resource.


In regards to the company’s $6 million cash position, where will this be allocated over the next 12-months, and is there potential for an acquisition?

Andy Tudor: There may be other opportunities for farm-in joint venture agreements with Saracen on some of their other tenements in the area.

Discussions have commenced and options are certainly being investigated.

Nexus has been undertaking active due diligence on a number of gold projects in the Kalgoorlie/eastern goldfields region over the last 18 months, and a number of these projects remain of interest to Nexus, particularly in light of the finalisation of the Saracen agreement.

There are some distressed assets reaching the market place, and with the difficulty in accessing capital markets, more projects will inevitably become available.

The $6million cash position opens the door to allow Nexus to be in a prime position to act upon these project opportunities as they present themselves.

I have a long history of involvement with the eastern goldfields, and extensive connections with exploration and mining company personnel, as well as prospectors, brokers, analysts and receivers/administrators.

These allow a wide source of opportunities to be brought to Nexus and assessed.


Can you provide some background to yourself?

I joined Nexus Minerals as CEO to drive the company direction and bring my extensive exploration and management experience.

I am a geologist and mining industry professional with 30 years’ experience in the mineral exploration and mining industry.

I have covered all facets of the industry throughout my career from regional grassroots exploration through to advanced exploration stage, resource evaluation, feasibility studies, mine planning, and mine operations.

I have worked for junior exploration companies and been responsible for the discovery of multiple gold mines in West Australia – being King of the Hills and Bannockburn - both near Leonora, as well as the Mt Perry small high grade gold mine in southern Queensland which I was involved with from discovery through mine and process stage to closure.

I have also worked for large resource companies.

This includes Rio Tinto (ASX:RIO) as Project Manager PNG, responsible for management of the resource drilling and pre-feasibility study of the huge Wafi Golpu Copper Gold project.

Also Aberfoyle Indonesia as Exploration Manager responsible for management and exploration of 50,000 square kilometres of prospective gold tenements from Lombok to Irian Jaya, and some 250 employees.

I therefore bring to Nexus “big company” experience with “small company” exploration success.


Can you outline the composition of the board, and what key skills each member provides to advance the company?

Andy Tudor: The board is made up of mining industry professionals all having extensive experience in the mining industry.

The chairman, Paul 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 United Kingdom.

In early 2007 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.

Dr Mark Elliott is a chartered professional geologist with over 32 years’ experience in the resources industry, corporate management and exploration in a wide range of commodities including base metals and gold.

Bruce Maluish is a mining professional with over 30 years’ experience in the mining industry.

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 gold from both open pits and underground.

Phillip MacLeod has more than 20 years’ commercial experience and has held the position of company secretary with listed public companies since 1995.


Finally, why should an investor consider adding Nexus Minerals' to their share portfolio?

Andy Tudor: In my opinion the company is significantly undervalued in light of $6 million in cash and a market cap of $4 million.

Our cash position also ensures that Nexus is fully funded and does not need to go to the market to raise funds.

The funding allows Nexus the ability to either fund further farm in / joint venture deals or to fund near term exploration programs unhindered.

Now the company has entered into such a positive agreement with Saracen on the Pinnacles project, and with the plan to commence drilling this quarter, with follow up programs in the first quarter of 2016 – it means there will be a steady flow of potentially positive news for Nexus shareholders.


PROACTIVE INVESTORS: Thank-you Andy.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 07 Oct 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139577/nexus-minerals-andy-tudor-in-proactive-qa-sessions-64953.html
<![CDATA[News - Nexus Minerals shares fly on farm-in with regional heavyweight ]]> http://www.proactiveinvestors.com.au/companies/news/139576/nexus-minerals-shares-fly-on-farm-in-with-regional-heavyweight-64588.html Nexus Minerals (ASX:NXM) shares jumped 23% to A$0.064 after the company entered into a farm-in and joint venture over the Pinnacles gold project in Western Australia with Saracen Mineral Holdings Limited (ASX:SAR).

This investment reflects Nexus’ strategy of investing in advanced gold exploration assets and includes an ore sale and purchase agreement, whereby any future ore mined from the Pinnacles will be purchased by Saracen for processing through its Carosue Dam processing plant 13 kilometres to the north of the project area. 

Under the deal, Nexus will be the sole manager of the Pinnacles and will be able to 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 JV will be established, with each party contributing in proportion to its joint venture interest.  

Nexus will pay annual milestone contributions of $200,000 over five years, earning a 25% stake in the first year and a 50% stake in the second year. Subsequent annual contributions will increase the company’s holding by smaller increments until year five when an 85% stake will be obtained.

Nexus shall have access to the Carosue Dam Mine facilities, infrastructure and mine village.

The project contains a resource of 413,000 tonnes at 2.1 grams per tonne gold for 28,000 ounces of gold and is defined to a depth of only 150 metres.  Mineralisation remains open at depth, and to the north and south along strike.

The farm-in and JV not only allow Nexus the opportunity to access a project with significant exploration results to date and high expectations for further exploration success, but they also allow access to the Carosue Dam mine facilities, infrastructure and access roads.

Upon establishment of any future mining operation on the Pinnacles tenement, the ability to access the Carosue Dam plant would eliminate the need for any processing plant capital.

Saracen is responsible for all treatment and royalty costs.

As of the end of June, Nexus held $6.25 million in cash.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Sep 2015 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139576/nexus-minerals-shares-fly-on-farm-in-with-regional-heavyweight-64588.html
<![CDATA[News - Nexus Minerals targets deeper gold in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/139575/nexus-minerals-targets-deeper-gold-in-western-australia-60848.html Nexus Minerals (ASX:NXM) is carrying out a 4,000 metre reverse circulation drill program at the Triumph Gold Project in Western Australia to test four high priority prospects.

This targets potential depth extensions – 80-100 metres below surface – of the mineralised structures identified.

Approximately 2,000 metres of the program has been conducted at the Ace of Hearts and Perseverance prospect areas.

This has identified a highly deformed greenstone sequence intruded by narrow porphyry units and a number of silicified shear zones and quartz vein intersections.

A further 2,000 metres of drilling will be conducted at the Triumph and Glengarry prospect areas over the next ten days.

The project tenements, located about 145 kilometres northeast of Kalgoorlie, provide a semi-continuous strike length of historic gold mine workings and shafts over a mineralised structure of 16 kilometres.

The area was principally mined between 1897 and 1921, with recorded production of 22,168 tonnes at 46.4 grams per tonne gold from the “Senate” line of workings (between Neta & Concordia prospects), and 8,100 tonnes at 24.5g/t gold from the “Triumph” line of workings (between Perseverance & Glengarry prospects).



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 23 Feb 2015 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139575/nexus-minerals-targets-deeper-gold-in-western-australia-60848.html
<![CDATA[News - Nexus Minerals farms into high grade gold project in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/139574/nexus-minerals-farms-into-high-grade-gold-project-in-western-australia-58196.html Nexus Minerals (ASX:NXM) should trade firmer after entering into a farm-in and joint venture agreement over the Triumph Gold Project in the Eastern Goldfields of Western Australia.

It covers an area of historic gold mine workings within a mineralised structure of some 16 kilometres.

Nexus last traded at $0.058 and is cash backed at over $0.10.

The area was principally mined between 1897 and 1921, with recorded production of 8,100 tonnes at 24.5g/t gold from one section of the workings and 22,168 tonnes 46.4g/t gold from another.

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 to early 1990’s.

The limited amount of drilling that has taken place has yielded significant gold results despite only 5 holes drilled deeper than 80 metres with the deepest being 160 metres.

The key terms of the agreement with vendor, Coxrocks Pty Ltd are:

- Nexus is the sole manager of the Farm-In and Joint Venture from the commencement date;
- Year 1 - $50,000 cash deposit to be paid to the vendor 14 days from the date of the JV agreement being signed by both parties, with 75% of deposit funds to be spent in the ground by the vendor;
- Year 1 – Nexus to spend $200,000 on the project to earn 40% interest;
- Year 2 – Nexus to spend $250,000 on the project to earn a further 20% interest;
- Year 3/4 - Nexus to spend $250,000 on the project over a 2 year period to earn a further 20% interest;
- Year 5 –The Vendor can elect to contribute to the JV expenditure in proportion to its interest. If the vendor elects not to contribute to JV expenditure, then Nexus can sole fund $150,000 of expenditure to earn a further 15% interest.

Nexus will retain an option to acquire the remaining 5% in consideration of granting the vendor a 1% net smelter royalty capped at $2,000,000.

Nexus also has the right to elect to exit the JV after a minimum spend of $100,000 (excluding deposit).

Nexus will be undertaking a drill program in the coming months across a number of the prospects within the project area, to test for the depth extensions of the mineralised structures identified to date.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 15 Oct 2014 16:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139574/nexus-minerals-farms-into-high-grade-gold-project-in-western-australia-58196.html
<![CDATA[News - Nexus Minerals shares rise on large cash balance ]]> http://www.proactiveinvestors.com.au/companies/news/139573/nexus-minerals-shares-rise-on-large-cash-balance--56346.html Nexus Minerals (ASX:NXM) shares are increasing in value along with investor awareness of its $7.4 million bank balance, compared to its market cap of just $4.3 million.

Stock in the company has risen to $0.065 today, from $0.048 late last month.

Nexus is in the progress of reviewing potential copper and project opportunities in Western Australia.

A recent fieldtrip was positive, and discussions are now ongoing concerning involvement in a number of projects.

The company continues to evaluate potential business opportunities and will keep shareholders informed of all material developments.

Nexus currently holds a large project in the Tanami Gold province close to Tanami Gold’s (ASX:TAM) Coyote Mine.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 17 Jul 2014 18:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139573/nexus-minerals-shares-rise-on-large-cash-balance--56346.html
<![CDATA[News - Nexus Minerals trading at under 50% cash backing ]]> http://www.proactiveinvestors.com.au/companies/news/139572/nexus-minerals-trading-at-under-50-cash-backing-54632.html Nexus Minerals (ASX: NXM), formerly Hemisphere Resources (ASX: HEM) is capitalised at just $3.5 million, and outlined $7.3 million cash in its quarterly report released on Monday.

Nexus operates the Yandicoogina South iron project in Western Australia's Pilbara Region, just 6 kilometres from Rio Tinto’s (ASX: RIO) Yandicoogina iron ore mine and associated infrastructure.

Other projects include the Mount Tinstone iron ore tenement, strategically placed 100 kilometres south of Port Hedland and 5 kilometres east of Atlas Iron’s (ASX: AGO) Wodgina mine.

The company is looking to focus on gold and copper assets in Western Australia, and is in the process of monetising its Kalenge gold project and operating assets in Tanzania.

A number of potential acquisitions are being evaluated, with representatives from Nexus conducting a field trip conducted to Kalgoorlie in March to follow up on projects which developed interest during desktop studies.

Discussions are ongoing concerning the Nexus' potential involvement in a number of these projects.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 01 May 2014 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139572/nexus-minerals-trading-at-under-50-cash-backing-54632.html
<![CDATA[News - Nexus Minerals maintains East Africa focus with Tanzanian tenement acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/139571/nexus-minerals-maintains-east-africa-focus-with-tanzanian-tenement-acquisition-38934.html Nexus Minerals (ASX: NXM) has executed an option agreement over a copper and manganese prospective tenement in Tanzania.

The move is part of the company’s strategy to put together a highly prospective land holding of scalable gold and base metal greenfield exploration targets in under-explored regions in Tanzania and greater Eastern Africa.

Chipogoro (PL 7876/2012) is a granted tenement located in central Tanzania south of Dodoma, covering 41.6 square kilometres.

As well as conducive geology, various mineral occurrences occur on the tenement and copper artisanal workings occur in the greater Chipogoro area.

The Chipogoro tenement overlies the tectonic contact between the Dodoma Craton and Proterozoic metamorphic belts to the west.

A band of metamorphosed quartzites has been entrained along the contact which Nexus plans to investigate for the presence of economic copper and manganese resources.

The various mapped mineral occurrences and sub-economic artisanal workings occurring on the tenement and in the greater Chipogoro area will be assessed on a field trip in mid-February of 2013.


East African growth focus

Nexus has assembled a highly capable Tanzanian team to give effect to its growth strategy in the region, with managing director Jason Greive now also residing in the region.

Several subsidiary companies have now been incorporated in Tanzania and other East African countries to facilitate acquisition of exploration targets.

Nexus is also actively pursuing business development opportunities in other East African countries including Uganda, Kenya and Ethiopia.

In December 2012, the company received a significant non-dilutionary cash injection of over $1.5 million through the sale of a substantial shareholding in Aruma Resources Limited (ASX: AAJ).

Nexus Minerals still retains a significant shareholding of 5 million shares (6.3%) in Aruma Resources.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 31 Jan 2013 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139571/nexus-minerals-maintains-east-africa-focus-with-tanzanian-tenement-acquisition-38934.html
<![CDATA[News - Nexus Minerals to acquire tenements prospective for gold, copper, and nickel in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/139570/nexus-minerals-to-acquire-tenements-prospective-for-gold-copper-and-nickel-in-tanzania-38419.html Nexus Minerals (ASX:NXM) has signed a binding memorandum of understanding to purchase two new tenements that are prospective for gold, copper and nickel in Western Tanzania.

The new purchase would be complementary to the Katamatoma tenement acquired earlier last year.

It also builds on the strategy to acquire highly prospective and scalable gold and base metal greenfield exploration targets in under-explored parts of Eastern Africa through low risk acquisition deal structuring.

The Biharamulo (HQ-P25831) tenement application covers 23.7 square kilometres and is located in the north-west of the country and hosts a gold occurrence in Proterozoic aged sedimentary rocks within a relatively poorly tested province.

The style of gold mineralisation will be investigated on a regional field trip next month and will also assess geophysical and mineralogical targets identified at the Katamatoma project area.

The Kigoma (PL7962/2012) is located in central part of the country and covers 29.7 square kilometres. It is considered prospective for base metals with the tenement overlying an ultramafic intrusive with potential to host disseminated metal sulphides.

Two base metal occurrences for copper and nickel have been recorded at the margin of the intrusive. The recorded base metal occurrences may indicate presence of further mineralisation and Nexus will start a desk-top study followed by field work to assess the potential of the tenement.

Nexus is already incorporating several subsidiary companies in Tanzania to facilitate the acquisition of exploration targets. It is also looking at development opportunities in other Eastern African countries including Uganda, Kenya and Ethiopia.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Jan 2013 10:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139570/nexus-minerals-to-acquire-tenements-prospective-for-gold-copper-and-nickel-in-tanzania-38419.html
<![CDATA[News - Nexus Minerals redefines exploration focus area for Tanzania base metals project ]]> http://www.proactiveinvestors.com.au/companies/news/139569/nexus-minerals-redefines-exploration-focus-area-for-tanzania-base-metals-project-36652.html Nexus Minerals (ASX:NXM) has rationalised its Katamatoma project in Tanzania to target a smaller area that holds prospectivity for base metals exploration and will also reduce holding costs.

The project is considered to be prospective for principally copper, cobalt, and nickel and following further analysis of aeromagnetic data and preliminary results from ASTER multispectral target generation, Nexus will reduce the project size to 247 square kilometres in a more prospective area in the northeast sector of the tenement with an area of 1,122 square kilometres.

Nexus believes that this region warrants priority based on its higher relative prospectivity, ease of approvals process and access to existing highways, roads and tracks.

The area of focus has also generated a number of coincident geophysical and mineralogical targets that can be efficiently tested through surface mapping and geochemical sampling.

This reduction in size of the project will also help Nexus reduce its holding costs at a prime greenfield exploration site in Tanzania while also maintaining the projects potential exploration upside.

Due to the relatively high holding costs associated with the sheer size of the original Katamatoma Project area, relatively lower prospectivity and the complex approval processes associated with exploration in game reserves, Nexus will likely divest or joint venture the balance of the original Katamatoma Project tenement area over the coming months.

Nexus will conduct field activities in the new focus area in February 2013 and will generate samples for geochemical analysis after which drilling programs and further tenement rationalisation can be planned and effected.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Nov 2012 12:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139569/nexus-minerals-redefines-exploration-focus-area-for-tanzania-base-metals-project-36652.html
<![CDATA[News - Hemisphere Resources to acquire gold tenements in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/139568/hemisphere-resources-to-acquire-gold-tenements-in-tanzania-35224.html Hemisphere Resources (ASX: HEM) has signed a memorandum of understanding to acquire a package of prospective gold tenements in the Tanzania’s Handeni-Kilindi region.

The Handeni-Kilindi region recently gained international attention with Canaco Resources (CVE: CAN) rapidly advancing its Magambazi Hill gold discovery to a resource approaching 1 million ounces of contained gold.

The tenements are located about 150 kilometres northwest of Dar es Salaam and represents a progression of the company’s strategy to acquire highly prospective and scalable gold and base metal greenfield exploration targets in under-explored regions in Tanzania and greater eastern Africa.

Gold in the region is hosted in Proterozoic garnet amphibolite gneiss, interpreted to be reworked Archaean greenstones related to the Lake Victoria geological terrane.

This enhances the potential for further gold discoveries in the region with Hemisphere having selected the tenements after identifying metamorphosed sedimentary units from government geological mapping and aeromagnetics, which are likely to represent reworked greenstone belts.

Hemisphere has also incorporated several subsidiary companies in Tanzania and other east African countries to facilitate the acquisition of exploration targets, and is assembling a Tanzanian team to carry out its growth strategy.

 

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Wed, 31 Oct 2012 17:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139568/hemisphere-resources-to-acquire-gold-tenements-in-tanzania-35224.html
<![CDATA[News - Hemisphere Resources picks up base metal prospective project in Tanzania ]]> http://www.proactiveinvestors.com.au/companies/news/139567/hemisphere-resources-picks-up-base-metal-prospective-project-in-tanzania-29234.html Hemisphere Resources (ASX: HEM) is expanding its portfolio of base metal projects, acquiring an exploration tenement in North-Western Tanzania, West Africa.

The Katomatoma tenement area in the Kagera region covers 1,128 square kilometres, and is believed to be prospective for copper, nickel and cobalt.

Further geophysical data on Katomatoma is being collected from the Tanzanian Geological Survey.

Comprehensive desktop studies will commence soon to identify base metal targets on the tenement before its first renewal in July 2012.

These studies will be followed up with geophysical and remote sensing techniques to refine key targets for exploration drilling, which will be aimed at detailed mapping, ground truthing and resource assessment.

Hemisphere sees Tanzania as an ideal entry point into East Africa, given the country’s attractive mineral policy and underexplored mineral endowment.

Pilbara projects

Hemisphere is seeking value accretion opportunities from its portfolio of iron projects in the Pilbara region of Western Australia.

These opportunities have been boosted by recent positive discussions in the public domain regarding open access rail infrastructure in the region.

Hemisphere's projects are strategically located near the established infrastructure of a number of major producing iron-ore mines and include Yandicoogina South, Hancock Range, Mt Goldsworthy and Mt Tinstone.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

 

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Thu, 24 May 2012 10:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139567/hemisphere-resources-picks-up-base-metal-prospective-project-in-tanzania-29234.html
<![CDATA[News - Hemisphere Resources intercepts 8m at 56.2% iron at Yandicoogina project ]]> http://www.proactiveinvestors.com.au/companies/news/139566/hemisphere-resources-intercepts-8m-at-562-iron-at-yandicoogina-project-22597.html Hemisphere Resources (ASX: HEM) has received encouraging results from drilling at the company’s flagship Yandicoogina South Iron Project in Western Australia.

Hemisphere has an existing JORC Indicated Resource of 4.3 million tonnes at 55.8% iron at Yandicoogina South.

The recently completed drilling program returned a number of assays with more than 50% iron, with results including:

- 8 metres at 56.2% iron from 4 metres;
- 11 metres at 53.8% iron from 7 metres; and
- 9 metres at 55.4% iron from 6 metres.

This drilling program aimed to test mineralisation in a tributary channel that runs south from the main Yandicoogina South ore body, test outcropping surface mineralisation around the existing Indicated Resource and infill gaps in the current drilling grid.

The surface rock chips recorded in the bedrock mineralisation were not replicated in the drilling, showing the mineralisation to be a surface feature with no development at depth.

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Fri, 25 Nov 2011 16:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139566/hemisphere-resources-intercepts-8m-at-562-iron-at-yandicoogina-project-22597.html
<![CDATA[News - Hemisphere Resources drilling targets iron resource increase at Yandicoogina South ]]> http://www.proactiveinvestors.com.au/companies/news/139565/hemisphere-resources-drilling-targets-iron-resource-increase-at-yandicoogina-south-19876.html Hemisphere Resources (ASX: HEM) has mobilised a reverse circulation rig and commenced a 750 to 1,000 metre program of infill and resource extension drilling at its Yandicoogina South iron project.

The drilling has the potential to increase the existing Indicated Resource of 4.3 million tonnes (Mt) at 55.8% iron (Fe) at the project in the Pilbara region of Western Australia, located 5 kilometres south of Rio’s (ASX: RIO) Yandicoogina Mine.

The program is designed to test and sterilise outcropping surface mineralisation identified on hills around the existing Indicated Resource.

Danny Costick, managing director, said “we will also infill gaps in the current drilling grid and test mineralisation in a tributary channel running south from the main Yandicoogina South ore body.”

The project is the company’s most advanced in a growing portfolio of prospective Pilbara iron projects, all of which are strategically located in close proximity to established infrastructure and existing major iron-ore operations.

An additional two tenements are under application along strike and up channel of Yandicoogina South to expand the project footprint.

The company plans further step out drilling for the Yandicoogina South tenement once further heritage clearance is obtained and also on grant of pending tenements E47/2473 and E47/2474.

The pending tenements comprise undrilled ground along strike and up-channel of the initial CID discovery and both present walk-up CID drill targets.

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Wed, 21 Sep 2011 16:07:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139565/hemisphere-resources-drilling-targets-iron-resource-increase-at-yandicoogina-south-19876.html
<![CDATA[News - Hemisphere Resources appoints Jason Greive as general manager for Pilbara iron projects ]]> http://www.proactiveinvestors.com.au/companies/news/139564/hemisphere-resources-appoints-jason-greive-as-general-manager-for-pilbara-iron-projects-18128.html Hemisphere Resources (ASX: HEM) has appointed Jason Greive as general manager of project development to drive the commercialisation of its Pilbara iron project portfolio.

He joins emerging iron-ore producer Hemisphere at an interesting time in the company’s development as it focuses on the commercialisation of its operations in the world-class Pilbara iron-ore province in Western Australia.

Greive has as strong track record in the resources sector, most recently in his role of general manager operations with Brockman Resources (ASX: BRM) for the Marillana Project.

Other previous roles include General Manager Environment for Barrick Gold Corporation (NYSE: ABX), where he was responsible for managing environmental issues for the Barrick Australia Pacific Region, and Processing Manager and Deputy Registered Manager at Barrick’s Plutonic Gold Mine in Western Australia.

Hemisphere's projects are strategically located near the established infrastructure of a number of major producing iron-ore mines and include Yandicoogina South, Hancock Range, Mt Goldsworthy and Mt Tinstone.

The company has defined a maiden Indicated Resource at its advanced Yandicoogina South (DSO) Iron project, where it plans to begin scalable iron-ore production by as early as 2013.

On July 15 Hemisphere commenced exploration at its recently-acquired Mount Goldsworthy Project, located 100 kilometres east of Port Hedland in Western Australia, targeting multiple ground gravity anomalies with potential to host iron ore for drill-testing.

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Tue, 26 Jul 2011 14:13:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139564/hemisphere-resources-appoints-jason-greive-as-general-manager-for-pilbara-iron-projects-18128.html
<![CDATA[News - Hemisphere Resources kicks off exploration targeting hematite at Mount Goldsworthy Project ]]> http://www.proactiveinvestors.com.au/companies/news/139563/hemisphere-resources-kicks-off-exploration-targeting-hematite-at-mount-goldsworthy-project-17925.html Hemisphere Resources (ASX: HEM) has commenced exploration at its recently-acquired Mount Goldsworthy Project, located 100 kilometres east of Port Hedland in Western Australia, targeting multiple ground gravity anomalies with potential to host iron ore for drill-testing.

A ground gravity survey over the concealed Nimingarra Iron Formation is already under way, investigating the potential for hematite targets under alluvial and colluvial cover material.

The project is well located close to infrastructure and is only five kilometres north-east of the historical Mount Goldsworthy mine site, which between 1965 and 1982 produced 55 million tonnes of high grade hematite ore. BHP Billiton's (ASX: BHP) Port Hedland to Yarrie railway line passes along the southern boundary of the tenement.

Danny Costick, Hemisphere's managing director, said “the survey is expected to be completed by the middle of next week, and the data will be processed by Hemisphere’s geophysical consultants to generate drilling targets.

“The primary focus is iron ore exploration, however, we also note that historical work has identified base metal anomalies which may be tested as secondary exploration targets.”

Hemisphere Resources was awarded the tenement in April 2011 and identified the potential for iron mineralisation extending north-east from structures hosting the Goldsworthy mining centre after conducting a full review of previous work.

The company said that wide-spaced ground gravity and aeromagnetic surveys showed potential for hematite targets associated with aeromagnetic lows and gravity highs, but previous holders’ primary focus had been base metals rather than iron ore.

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Fri, 15 Jul 2011 16:17:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139563/hemisphere-resources-kicks-off-exploration-targeting-hematite-at-mount-goldsworthy-project-17925.html
<![CDATA[News - Hemisphere Resources granted licence, targets high grade hematite in Pilbara ]]> http://www.proactiveinvestors.com.au/companies/news/139562/hemisphere-resources-granted-licence-targets-high-grade-hematite-in-pilbara-15741.html Hemisphere Resources (ASX: HEM) has targeted high grade hematite after being granted an exploration licence of 56 square kilometres at the Mount Goldsworthy mine site in Western Australia.

Importantly, the licence is located 5 kilometres north-east and along strike of the historical, high grade hematite Mount Goldsworthy mine site.

The licence is strategically located to infrastructure, just 100 kilometres east of Port Hedland, and is serviced by the Great Northern Highway.

Providing a further boost, the BHP Billiton (ASX: BHP) Port Hedland to Yarrie railway line passes along the southern boundary of the tenement.

The company has already assessed available historical exploration data and plans to carry out rock chip sampling at the Nimingarra Banded Iron Formation in May.

Previous tenement holders have collected wide-spaced ground gravity data while exploring for gold and base metals.

 

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Wed, 27 Apr 2011 11:54:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139562/hemisphere-resources-granted-licence-targets-high-grade-hematite-in-pilbara-15741.html
<![CDATA[News - Hemisphere Resources inks maiden JORC Resource of 4.3Mt at 55.8% iron at Yandicoogina South ]]> http://www.proactiveinvestors.com.au/companies/news/139561/hemisphere-resources-inks-maiden-jorc-resource-of-43mt-at-558-iron-at-yandicoogina-south-13986.html Hemisphere Resources (ASX: HEM) has achieved a maiden JORC Indicated Resource of 4.3 million tonnes at 55.8% iron (Fe) for Yandicoogina South Chanel Iron Deposit.

The deposit is located 5 kilometres south of Rio’s (ASX: RIO) Yandicoogina Mine located in the Pilbara region of Western Australia.

The resource includes 7.7% silicon dioxide (SiO2), 3.3% aluminum oxide (Al2O3), 0.07% phosphurus (P), 8.9% loss of ignition (LOI), and is at a cut-off grade 50% Fe.

Inclusive within this Indicated Resource is a continuous higher grade zone of 1.9Mt at 58.0% Fe, 5.8% SiO2, 2.8% Al2O3, 0.08% P, and 8.1% LOI.

There is high grade mineralisation from surface and currently extends to a maximum thickness of 28m. A preliminary metallurgical test-work report being finalised.

The target remains open for additional Channel Iron Deposit mineralisation which is similar in style to those mined by BHP Billiton and Pilbara Iron at their respective Marillana and Yandicoogina mining operations.

Hemisphere will extend the resource through drilling and once the neighbouring tenements are granted, and will progressively test the upstream targets. The company is currently investigating production scenarios.

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Wed, 16 Feb 2011 14:55:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139561/hemisphere-resources-inks-maiden-jorc-resource-of-43mt-at-558-iron-at-yandicoogina-south-13986.html
<![CDATA[News - Hemisphere Resources intersects 59.7% Fe at Yandicoogina South ]]> http://www.proactiveinvestors.com.au/companies/news/139560/hemisphere-resources-intersects-597-fe-at-yandicoogina-south-10455.html Western Australia based Hemisphere Resources (ASX: HEM) has interested some high grade iron at Yandicoogina South.

Highlights include:

- YSRC052 from 9m, thickness 9m, 59.7% Fe;
- YSRC054 from 10m, thickness 7m, 58.7% Fe; and
- YSRC062 from 9m, thickness 8m, 58.9% Fe.

These results are from the second reverse circulation drilling program conducted by Hemisphere, sampled at 1m intervals, which took place during July 2010.

The CID target area remains open to the south and the west and outcrops in these areas have been confirmed by reconnaissance.

Hemisphere anticipates a compliant resource statement to follow in the coming weeks, with these results presenting a strong case for a direct shipping ore product.

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Thu, 30 Sep 2010 14:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139560/hemisphere-resources-intersects-597-fe-at-yandicoogina-south-10455.html
<![CDATA[News - Hemisphere Resources heritage survey complete, drilling at Hancock pending approvals ]]> http://www.proactiveinvestors.com.au/companies/news/139559/hemisphere-resources-heritage-survey-complete-drilling-at-hancock-pending-approvals-9936.html Hemisphere Resources (ASX: HEM) has completed the on ground heritage survey at Hancock Range, with drilling set to commence when all approvals have been received, which the company anticipates to be in the current field season.

Hancock Range (E47/2110) is located 1.8km south of Hemisphere’s Yandicoogina South Project (E47/1904), approximately 15km north east of Mining Area C (BHP) and some 5km north of the recently established Hope Downs Operation (Hancock/RIO) in the Pilbara region of Western Australia.

The primary target is hematite within the Brockman Iron Formation (PHb).

The presence of surface enrichment within the Joffre Member of the Brockman Iron Formation supports the Hemisphere's exploration strategy.

The northern section of the lease is considered prospective for iron due to the presence of PHb in the Werriba Anticline, and the northwest-southeast dolerite dyke extension is similar to the structure at Hope Downs to the south.

The Werriba Anticline is in detail a series of en-echelon anticlines considered to be favourable for mineralisation.

The dolerite dyke is thought to be an off shoot from the regional Channar Dyke that crosses the Hamersley basin from east to west.

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Fri, 10 Sep 2010 11:32:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139559/hemisphere-resources-heritage-survey-complete-drilling-at-hancock-pending-approvals-9936.html
<![CDATA[News - Hemisphere Resources intersects significant iron at Yandicoogina South ]]> http://www.proactiveinvestors.com.au/companies/news/139558/hemisphere-resources-intersects-significant-iron-at-yandicoogina-south-7404.html Hemisphere Resources (ASX: HEM) has confirmed that the maiden drilling program at its Yandicoogina South iron project in Western Australia has intersected Channel Iron Deposit (CID) thicknesses of up to 30m.

Hemisphere considers this to be an outstanding result with the area tested interpreted to be continuous CID over an area exceeding 800m long and 200m wide. The target area remains open and the company will progressively test the full extensions.

The initial RC drilling program of 20 holes for 642m targeted the high grade outcropping CID previously announced.

Danny Costick, managing director, said Hemisphere’s geologists have interpreted the CID to be consistent and assays will be reported when received from the laboratory.

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Mon, 24 May 2010 10:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139558/hemisphere-resources-intersects-significant-iron-at-yandicoogina-south-7404.html
<![CDATA[News - Hemisphere Resources shares rise on plans to drill WA iron project ]]> http://www.proactiveinvestors.com.au/companies/news/139557/hemisphere-resources-shares-rise-on-plans-to-drill-wa-iron-project-6576.html Hemisphere Resources (ASX: HEM) has reported that site clearing works are currently in progress in preparation for commencement of drilling at Yandicoogina South in Western Australia.

Access agreements, drilling approvals, Native Title agreements and Heritage Surveys have all been completed.

The initial target is in the northern part of the lease which includes a high grade, premium quality Channel Iron Deposits (CID) outcrop covering a minimum 700m strike and widths of up to 200m.

The target areas will systematically be tested to determine the potential for CIDs within the project area.

Commencement of the drilling program is scheduled for early May 2010.

Sampling of the outcropping CID previously reported shows high grade iron of up to 62% with low impurities present.

Of particular interest to the company are the iron (Fe) values and the extension of the subcrop under scree and soil to the south and east.

Hemisphere Resources shares rose 13% to 89 cents in trading this morning.

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Tue, 20 Apr 2010 10:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/139557/hemisphere-resources-shares-rise-on-plans-to-drill-wa-iron-project-6576.html
<![CDATA[News - Hemisphere Resources shares surge on plans to spin-off WA gold assets ]]> http://www.proactiveinvestors.com.au/companies/news/139556/hemisphere-resources-shares-surge-on-plans-to-spin-off-wa-gold-assets-5654.html Hemisphere Resources (ASX: HEM) intends to spin-off its Western Australian gold assets to allow it to focus on Iron Ore in the Pilbara and the Mid West as well as Nickel and Uranium in the Murchison and Eastern Goldfields.

The gold assets have significant exploration potential which the company considers require a dedicated focus. The most advanced of the gold assets, the Glandore Gold Project has significant historic intersections including:

Supergene Zone: 8m @10g/t, 8m @ 9.2g/t and 7m @ 4.2g/t oxide zone; and 2m @43g/t, 5m@5g/t and 2m @6g/t primary zone.

Axial Planar Fault Zone: 10m @10.3g/t and 4m @18.8g/t South Central Zone: 9m @4.2g/t and 7m @2.5g/t.

The company said the spin-off will see the Gold Projects being placed into a wholly owned subsidiary, Aruma Resources, which will apply for listing on the ASX. It is intended to raise a minimum of $5M in this process to enable a focused effort to be directed at the gold properties. A priority pool will be set aside for Hemisphere Resources Ltd shareholders.

Aruma Resources will have a management team with the relevant technical and management expertise to progress the projects. Hemisphere will retain close links via management and significant equity in the new company which will allow all existing shareholders to participate in the future value creation from these assets.

Hemisphere Resources shares rose 13% to 67 cents in trading today.

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Mon, 15 Mar 2010 10:39:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139556/hemisphere-resources-shares-surge-on-plans-to-spin-off-wa-gold-assets-5654.html
<![CDATA[News - Hemisphere Resources extends high grade iron outcrop at Yandicoogina South prospect ]]> http://www.proactiveinvestors.com.au/companies/news/139555/hemisphere-resources-extends-high-grade-iron-outcrop-at-yandicoogina-south-prospect-4551.html Hemisphere Resources (ASX: HEM) has found further high grade CID outcrop during sampling work at its Yandicoogina South prospect in the Pilbara, Western Australia.

Located in the heart of the Pilbara Iron Province, Hemisphere Resource's Yandicoogina South Iron Project is a target for premium quality channel iron deposits.

Adjoining major iron ore mines are the world class Rio Tinto (ASX: RIO), BHP Billiton (ASX:BHP) and Fortescue Metal Group's (ASX: FMG) iron ore mines.

Further CID rock chip sampling at Yandicoogina South has confirmed a minimum 700m strike and widths of up to 200m. This confirms the potential for Channel Iron Deposits (CID) within the project area. The recent results confirm the outcrop quality previously reported and suggest a continuance of the CID to the eastern part of the valley.

The potential CID areas were identified by a study of Landsat images as previously announced.

Drilling will commence when all statutory requirements are fulfilled.

Hemisphere shares have climbed from $0.20 in October 2009 to $0.625 since coverage of iron exploration.

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Thu, 28 Jan 2010 11:53:00 +1100 http://www.proactiveinvestors.com.au/companies/news/139555/hemisphere-resources-extends-high-grade-iron-outcrop-at-yandicoogina-south-prospect-4551.html