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sIte VIsIt

Nexus

in the

right rocks

Nexus is in the midst of a 30,000m drilling
programme over the 1.6km long Crusader-
Templar trend at the Wallbrook gold project,
about 140km north-east of Kalgoorlie

exus Minerals Ltd managing director since 2018 when it acquired an amalgama- we will spend months walking the ground,
NAndy Tudor unashamedly uses the word tion of tenements previously held by New- hitting the rocks and going: ‘yep, these are
“transformational” to describe the events of mont Corp and Saracen Mineral Holdings. the right rocks’ for the style of mineralisation
the past year for his now not-so-small gold The 250sq km ground package had hardly we’re chasing.”
exploration company. been touched over the preceding 25 years The Wallbrook tenements now owned
“Transformational is one of those words despite its proximity to the Carosue Dam by Nexus were previously held by Sons of
that everybody is quite happy to throw operations and several other active mines in Gwalia but the tyranny of distance from Le-
around, but that’s what this last year has the district. onora prevented any serious exploration
been for us,” Tudor told Paydirt following a For intrepid explorationist Tudor, there from occurring on the ground. Saracen then
tour of the company’s Wallbrook project in was always a sense the project hosted “the pulled it out of administration but also nev-
the Eastern Goldfields. right rocks”. It is a phrase which continues er quite got around to exploring the tenure
“We’ve gone from actively exploring to adorn the company’s presentations and given the company’s focus was on mining
ground that we always thought was good to marketing material. and development of the Karari and Whirling
starting to prove that’s the case – and I say “It was a pretty innocuous throwaway Dervish underground mines to support the
‘starting to’ because it’s still incredibly early line…five or six years ago when we were in a rejuvenation of operations at Carosue Dam.
days. board meeting, one of the board was asking Tudor had earmarked Wallbrook as a po-
“I think we’re one of the few notable sto- why we were pushing this Wallbrook region tential acquisition for Nexus when he joined
ries of 2021 to have come out with a genuine and why we were so obsessed about getting the company in early 2014, initially as gen-
discovery which continues to look good. The it on the books and putting this whole pack- eral manager before a swift promotion to
company is certainly in a very different place age together,” Tudor said. the chief executive’s chair. Unfortunately, the
today to what it was 12 months ago.” “I can remember commenting ‘it’s just
It is hard to argue 2021 was anything but the right rocks’ and it’s stuck ever since so Andy Tudor
transformational for Nexus. After opening I started putting it in presenta-
the year with a share price of 13c, the com- tions. Everyone needs some
pany flagged the potential acquisition of the sort of slogan, but ultimately
Bethanga porphyry copper-gold project in that’s what we are about. Any
Victoria as a means of diversifying its explo- serious explorationist knowns
ration portfolio away from Western Australia. you need to be in that right
Shares in Nexus dipped as low as 6.5c in rock package.
late June before surging to an 11-year high “We’ve now coined that
of 65c on the back of a series of strong drill phrase as our own because
results from the Crusader-Templar prospect it doesn’t matter which project
at Wallbrook. we go to, whether it be Wall-
Nexus has been exploring Wallbrook brook or Bethanga in Victoria,

Page 12 FeBRUaRY 2022 aUSTRaLIa’S PaYDIRT