Proactive Investors - Run By Investors For Investors

Cervantes Corporation substantial shareholders lift stake to 10.5%

The company had been accumulating a portfolio of gold projects on Australia’s west coast.
asx
Cervantes recently hit high-grade gold at Primrose Gold Project

Cervantes Corporation Limited (ASX:CVS) substantial shareholders Nuzeno Holdings Pty Ltd and Acxu Smsf Pty Ltd have lifted their combined stake in the company.

They now hold 10.5% of Cervantes, up from 9.08%, as outlined in a notice of change of interests of substantial holder.

The new shares were purchased in a series of transaction from April 2018 to September 2018.

READ: Cervantes Corporation pursues strategy for near-term, cheap gold production

Cervantes is continuing to pursue “fast wins” in the gold sector as it focuses on projects with the potential for cheap, near-term production.

The South Perth-based company holds a number of gold projects in its West Australian portfolio.

Cervantes recently intercepted shallow high-grade gold mineralisation within the historical Pansy Pit at Primrose Gold Project south of Meekatharra.

The company is also excited by the potential of its Albury Heath project in the Meekatharra area.

Cervantes managing director Marcus Flis recently said the company had been accumulating a portfolio of gold projects on Australia’s west coast.

He added: “The focus of that accumulation has been looking at near-term and cheap gold production.

“We’ve gone to a number of different areas in the Eastern Goldfields and in the Yilgarn of WA, looking for projects that fit the criteria of both fast wins, easily got ounces and hopefully near-term production.”

View full CVS profile View Profile

Cervantes Corporation Ltd Timeline

Related Articles

Mining pic
June 18 2019
A resource estimate dated November 26 last year showed a higher confidence indicated resource of 11.7 million tonnes, containing 1.8 billion pounds of zinc
Gold
June 29 2019
The gold trading outfit is looking to improve margins by expanding shipments or operations out of Africa
A Western Australian map showing company projects
March 19 2019
Geologist and finance professional Ian Stuart became the company’s chairman last month.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use