Nexus Minerals raises $4.1M

Company to use funds for exploration of its tenements in Western Australia

Perth-based Nexus Minerals has raised $4.1 million in a placement to sophisticated and institutional investors.

The company says it will use the funds to accelerate exploration of its tenements, located in the Yandal Greenstone Belt and Paterson Provinces of Western Australia. Nexus has identified several high-quality targets, including the Crossroads gold and base metals project, where the company plans to drill in early 2023. The company also has a portfolio of tenements prospective for gold, copper, zinc and nickel, across multiple geological terranes, including the Halls Creek province in Western Australia, the Lachlan Fold Belt in New South Wales, and the Georgetown Inlier in Queensland. Nexus Minerals is a mineral exploration company focused on the discovery and development of gold and base metal deposits in Australia. The company aims to identify and acquire exploration licences in prospective mineral provinces and then use modern exploration methods to discover, explore, and develop mineral resources. Nexus Minerals plans to use the funds raised to accelerate the exploration and development of its tenements in Western Australia. The company has identified several high-quality targets, including the Crossroads gold and base metals project, where the company plans to drill in early 2023. Nexus also has a portfolio of tenements prospective for gold, copper, zinc and nickel, across multiple geological terranes, including the Halls Creek province in Western Australia, the Lachlan Fold Belt in New South Wales, and the Georgetown Inlier in Queensland. Managing Director Andrew Muir said the placement will provide Nexus Minerals with the funding to accelerate the exploration of our tenements in Western Australia. “We have identified several high-quality targets, including the Crossroads gold and base metals project, where we plan to drill in early 2023,” Mr Muir said. “We are excited to have the opportunity to explore these targets and believe they have the potential to host significant mineral deposits.” The placement was led by Canaccord Genuity (Australia) Limited and included a number of sophisticated and institutional investors. Canaccord Genuity (Australia) Limited is a leading investment bank and wealth management firm. The company provides a range of services to clients, including corporate finance, equity capital markets, debt capital markets, institutional sales and trading, and wealth management.