New chief at Nexus

Nexus Minerals has appointed current general manager Andrew Tudor as chief executive officer, whilst refocusing operations to Australian projects.

Mr Tudor, previously a director at Navigator Resources, has 30 years of experience in the mining industry and will receive cash remuneration of $275,000 annually.

The company has also completed the sale of its Tanzanian assets, refocusing on acquisition and development of Australian projects.

The Nexus portfolio includes four iron ore projects in the Pilbara and one gold project in the Kimberley.

Nexus traded unchanged at 5 cents per share at the time of writing.