Nexus Minerals Limited (ASX:NXM) signed a binding term sheet to acquire Wallbrook Gold Project from Saracen Gold Mines Pty Ltd. for AUD 0.14 million on January 17, 2018. As consideration, 1.49 million shares of Nexus Minerals Limited will be issued. The binding term sheet is conditional on Saracen Mineral Holdings Limited and Nexus Minerals Limited obtaining all relevant government and third-party consents for the transfer of Wallbrook Gold tenements and the signing of any required assignment and assumption deeds which are expected within the next two months.