Nexus Minerals Completes Acquisition for Full Pinnacles Ownership
Nexus Minerals Limited (ASX: NXM) has strengthened its position in Western Australia by acquiring the remaining 10% interest in the Pinnacles Gold Project from Northern Star Resources, taking its ownership to 100% and ending the joint venture arrangement. As part of the transaction, Northern Star will receive a 1.5% net smelter return royalty, while Nexus retains the option to repurchase 0.5% of that royalty for AU$550,000. The acquisition is expected to be completed by 30 September 2026, subject to customary approvals and the fulfilment of outstanding conditions.
Located around 100km northeast of Kalgoorlie, the Pinnacles Gold Project contains a JORC 2012 combined mineral resource of 609,000 tonnes grading 4.0g/t gold for 78,000 ounces, including a higher-grade underground resource of 66,000 ounces. The project benefits from an existing mining lease, strong metallurgical recoveries of approximately 97%, completed environmental surveys, and a native vegetation clearing permit valid until November 2030. With full ownership secured, Nexus gains greater flexibility to advance mine planning, development studies, and future exploration while enhancing the long-term strategic value of the asset.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Nexus Minerals Completes Acquisition for Full Pinnacles Ownership
Nexus Minerals Limited (ASX: NXM) has strengthened its position in Western Australia by acquiring the remaining 10% interest in the Pinnacles Gold Project from Northern Star Resources, taking its ownership to 100% and ending the joint venture arrangement. As part of the transaction, Northern Star will receive a 1.5% net smelter return royalty, while Nexus retains the option to repurchase 0.5% of that royalty for AU$550,000. The acquisition is expected to be completed by 30 September 2026, subject to customary approvals and the fulfilment of outstanding conditions.
Located around 100km northeast of Kalgoorlie, the Pinnacles Gold Project contains a JORC 2012 combined mineral resource of 609,000 tonnes grading 4.0g/t gold for 78,000 ounces, including a higher-grade underground resource of 66,000 ounces. The project benefits from an existing mining lease, strong metallurgical recoveries of approximately 97%, completed environmental surveys, and a native vegetation clearing permit valid until November 2030. With full ownership secured, Nexus gains greater flexibility to advance mine planning, development studies, and future exploration while enhancing the long-term strategic value of the asset.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au