Proactive Investors - Run By Investors For Investors

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.

View full NXM profile View Profile

Nexus Minerals Ltd Timeline

Related Articles

Breaking first ground at the HPA plant site
August 10 2018
Stage I construction at Johor site kicks off with a geotechnical drilling and ground survey program.
November 28 2018
The junior miner is acquiring the Hautalampi nickel-copper-cobalt deposit in the historic Outokumpu mining camp of eastern Finland
Yaouré Gold Project in Côte d’Ivoire
April 03 2019
The company is expected to post its latest production figures later this 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