Rich lister Kerry Harmanis buys into advanced nickel play Centaurus
Former nickel mogul Kerry Harmanis has snapped up a 5 per cent stake in surging nickel explorer Centaurus Metals.
Harmanis paid $2.6m for his 5.08 per cent shareholding in Brazil-focused Centaurus (ASX:CTM), which has notched a strong ~250 per cent gain since the broader market hit those late March lows.
Its share price currently sits at multi-year highs.
A maiden resource is on target to be released in mid-2020, the company says.
Harmanis is the founder and executive director of Jubilee Mines – a company he helped build into a successful nickel producer.
Jubilee was sold to Swiss mining heavyweight Xstrata for $3bn in 2007. That sale netted him a hefty $500m payday.