Nexus Minerals (ASX:NXM) has received a change of substantial interests from Graeme Kirke, advising of an increased stake to 10.5% from 9.43%.
The change was from on-market purchases.
Nexus owns a portfolio of four gold projects all located in the Eastern Goldfields of Western Australia.
The company is focusing its attention on regional exploration programs over this prospective Pinnacles regional tenement package.
The Pinnacles regional project refers to the circa 100 square kilometres that surrounds the Pinnacles JV project, which sits on a granted 8 square kilometre mining lease.
The regional project is largely unexplored and commences less than 5 kilometres along strike from Saracen Mineral Holdings (ASX:SAR) 4+ million ounce Carosue Dam mining operations and the operating Karrari underground gold mine.