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Nexus Minerals Ltd

Nexus Minerals managing director buys company shares

The company is focused on exploration at its Wallbrook Gold Project.

three empty board seats
A 48-hole RC program was completed across two prospects at Wallbrook, Crusader and Paint

Nexus Minerals Ltd (ASX:NXM) managing director Andy Tudor has purchased 438,596 shares in the company for $25,000.

The purchase was part of the February 2019 share placement but required approval from shareholder which was gained earlier this month.

The share purchase increases Tudor’s total holding in the company to 759,112 shares.

READ: Nexus Minerals drills out high-grade gold from Wallbrook in March quarter

The company most recent focus has been on the Wallbrook Gold Project in Western Australia where a 6,960 metre reverse circulation (RC) drill program has been completed.

Highlights from the Crusader and Paint prospects included:

• Crusader: 27 metres at 3.18 g/t gold from 61 metres;
• Crusader: 35 metres at 2.85 g/t gold from 25 metres;
• Paint: 20 metres at 0.58g/t gold including 4 metres at 2.17 g/t gold; and
• Paint: 16 metres at 0.89g/t gold including 8 metres at 1.70 g/t gold.

Quick facts: Nexus Minerals Ltd

Price: $0.05

Market: ASX
Market Cap: $5.79 m
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Nexus Minerals intersects consistent high-grade gold in broad zones at Wallbrook

Nexus Minerals Ltd (ASX:NXM) managing director Andy Tudor updates Proactive Investors on the gold explorer's completed drilling program at its Wallbrook Gold Project in WA.   The reverse circulation program went for nearly 7,000 metres and focused on two high-priority drill...

on 3/4/19

2 min read