https://newsletter.mw.creamermedia.com
Exploration|Gold|PROJECT|Surface|Operations
Exploration|Gold|PROJECT|Surface|Operations
exploration|gold|project|surface|operations

Nexus Uranium to separately list its Nevada gold project

Independence is located entirely within Nevada Gold Mines' Phoenix mine permitted plan of operations.

Independence is located entirely within Nevada Gold Mines' Phoenix mine permitted plan of operations.

5th June 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

North America-focused Nexus Uranium has announced that it will spin off and separately list its Independence gold mine, in the Battle Mountain district of Nevada, on a Canadian exchange.

The creation of a new entity holding the project, which is located adjacent to Nevada Gold Mines’ Phoenix-Fortitude mine, will enable the asset to advance independently with new funding, said Nexus CEO Jeremy Poirier.

“With the continued strength of the gold price and improved sentiment for gold equities, we are moving forward with unlocking the unrecognised value of our Independence gold project,” said Poirier.

The Independence project hosts a measured and indicated resource of 334 300 oz of gold and an inferred resource of 847 000 oz. A 2022 preliminary economic assessment outlined a low-cost heap leach operation focusing on the near-surface resource with total production of 195 443 oz of gold at an all-in sustaining cost of $1 078/oz.

Independence is located entirely within Nevada Gold Mines' Phoenix mine permitted plan of operations.

Transferring the gold project out of its portfolio will enable Nexus to strengthen its focus on uranium exploration. Nexus owns the Cree East uranium project in the Athabasca basin and the Wray Mesa uranium/vanadium project in Utah.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.569 0.69s - 127pq - 2rq
Subscribe Now