News Articles for Nusantara Resources

The board of West Perth-based Nusantara Resources has accepted a takeover proposal from a major shareholder that values the gold explorer at about $80 million.

Our board moves wrap includes Nicolaus Heinen, Sam Willis, Janine Herzig, Barry Patterson, Robert Marusco, Andrew Jones, Andrew Bald, Anthony Hamilton, Claire Newstead-Sinclair, Derek Humphry, and Diane Smith-Gander.

Our board moves wrap includes Peter Gunzburg, Grahame White, Brett Smith, Brett Lambert, Anthony Polglase, Patrick O'Connor, Boyke Abidin, Kamen Palatov, and John Forwood.

Our board moves wrap includes Peter Williams, Matthew Foy, Bruce Lane, Emma Gilbert, Eric Moore, Bruce Waddell, Mike Sutton, Neil Whitaker, Greg Foulis, Melissa Chapman, Catherine Grant-Edwards, Erlyn Dale, Winton Willesee, Malcolm King, and Edward Farrell.

Gold explorer Nusantara Resources has secured finance to advance a development strategy for its Awak Mas gold project, with an $11 million capital raising backed by one of Indonesia's leading energy companies.

One of Indonesia's largest integrated resources companies, Indika Energy, is looking to take a 40% stake in Nusantara Resources' two million ounce Awak Mas gold project in Indonesia, virtually clearing a pathway for the mine to be built. Indika plans to invest up to AUD$58m in Nusantara's wholly-owned subsidiary, PT Masmindo DWI Area to secure its 40% share in the proposed gold mine.

Indonesia-focussed gold developer, Nusantara Resources, has secured the right to fully extinguish a third-party royalty arrangement over future gold production from its Awak Mas gold project on Sulawesi Island. The company can terminate the existing net smelter royalty deal with Vista Gold Corporation, by paying a small consideration of cash and shares and then two payment tranches up to USD$4.9m before 30th April 2021.

Nusantara Resources has nailed a 64-metre drill intersection grading 2.12g/t gold from 201.1m down-hole, that lies well below its USD$1,400 per ounce optimal pit shell for the flagship Awak Mas deposit on Sulawesi Island, Indonesia. The exciting result opens up a near 1km wide, sparsely drilled, potential gold mineralised corridor between the eastern edge of the proposed Awak Mas open-pit and the Salu Bulo deposit, further to the east.

Neil Whitaker, current chief executive of Nusantara Resources, has been appointed to the board as a director.

Our daily board moves wrap includes Howard Golden, Tommy McKeith, Morgan Ball, Catherine Grant-Edwards, Steven Michael, Nicholas Ong, Graeme Smith, Rod Wheatley, John Ribbons, Jon Denovan, Derek La Ferla, and Neil Whitaker.

Nusantara Resources has appointed a new CEO to fast-track the development of its Awak Mas gold project in Indonesia. Mining veteran Neil Whitaker has joined the company in a Jakarta-based role, where he will utilise his expertise in the Asia-Pacific region to drive the project forward. Mr Whitaker previously worked as the COO for PT Petrosea Tbk, a subsidiary of the company's strategic partner in Indonesia, Indika Energy.

Indonesia focussed gold developer, Nusantara Resources, has increased its confidence in the potential for a grade uplift to be realised once its Awak Mas gold project on the island of Sulawesi, Indonesia, is in production. Trenches dug across an exploration bench have demonstrated additional high-grade structures that were not captured by ore reserve drilling and related block models.

Nusantara Resources is forging closer ties with strategic partner Indika Energy to hasten the development of its Awak Mas gold project in Indonesia and has appointed Greg Foulis as its Executive Chairman. The company will also build a development team in Indonesia with the technical capabilities to move the project forward whilst continuing to engage with potential banks to provide project financing.

Our daily board moves wrap includes Gary Powell, Allan Kelly, Bryan Dixon, Milan Jerkovic, Richard Boffey, Guy Simpson, Flemming Bjoernslev, Toby Chandler, Philippa Leggat, Anthony Cooper, David Deak, Craig Hall, Michael Fotios, Michael Spreadborough, Greg Foulis, Alan Still, Alex Passmore, John Richards, and Paul Dalgleish.

Nusantara Resources has kicked off a program of deep exploratory diamond drilling at the Puncak Selatan prospect, adjacent to its flagship Awak Mas gold resource on the island of Sulawesi in Indonesia. The work follows on from impressive surface trenching results and is aimed at expanding the optimised limits of the proposed Awak Mas open pit, potentially increasing the project's mine life and economics.