Tuesday, May 8, 2018

Nevsun Resources Ltd. - NSU.t

Nevsun Resources Ltd. - NSU.t operates the flagship Bisha Mine in Eritrea, East Africa. The Bisha deposit is a large, high-grade volcanogenic massive sulphide (VMS) producing Gold, Silver, Copper and Zinc.

Total reserves are about 22mt giving an expected mine life into 2025.

On May 8, 2018 the company released News

Nevsun Resources Ltd.'s board of directors has unanimously rejected a non-binding unsolicited proposal led by Euro Sun Mining Inc. and including Lundin Mining Corp. The non-binding unsolicited proposal was dated April 30, 2018, and made public by Euro Sun and Lundin on May 7, 2018. Nevsun shareholders do not need to take any actions in respect of the non-binding unsolicited proposal.