Nexus Minerals raising up to $3.25 million to advance exploration activities

–News Direct–

Nexus Minerals Ltd (ASX:NXM) MD Andy Tudor tells Proactive the company is raising around $3.25 million before costs through a 1 for 5 renounceable entitlement issue partially underwritten to $2 million at a price of five cents per share. Nexus will use the money to progress exploration activities at the Wallbrook Gold Project, the Bethanga Porphyry Copper-Gold Project and the NSW LCT Pegmatite Project. The company is actively exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia and has expanded its existing project portfolio with the addition of the Bethanga Project in Victoria. It has also recently been granted more than 15,000 square kilometres of LCT (lithium-caesium-tantalum) pegmatite prospective tenure in NSW and Victoria.

The company is actively exploring for gold deposits on its highly prospective tenement package in the Eastern Goldfields of Western Australia and has expanded its existing project portfolio with the addition of the Bethanga Project in Victoria. It has also recently been granted more than 15,000 square kilometres of LCT (lithium-caesium-tantalum) pegmatite prospective tenure in NSW and Victoria.

Contact Details

Proactive Investors

Jonathan Jackson

+61 413 713 744

jonathan@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/nexus-minerals-raising-up-to-3-25-million-to-advance-exploration-activities-450345426

Nexus Minerals Ltd

comtex tracking

COMTEX_439577662/2655/2023-09-05T15:30:22

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Scotland News journalist was involved in the writing and production of this article.