(MENAFN- ProactiveInvestors - Australia) Stratum Metals (ASX: SXT) managing director Martin Holland has increased his stake in the company with the acquisition of 118,350 shares on market for $19,344.75.
This averages to about A$0.16 per share and increases his shareholding up to 3,538,467 shares.
Holland also holds 750,000 options exercisable at $0.25 on or before 7 June 2016 and 750,000 options exercisable at $0.35 on or before 7 June 2016.
Stratum had last week completed due diligence that supported its continued path of consolidating the East Menzies Goldfield.
This highlighted the significant potential of the area to generate further gold resources.
An independent optimisation study completed by Orelogy shows a proportion of the existing resource at Good Enough Gold can be extracted at a cash cost of $1,112 per ounce based on contract mining and utilising a nearby gold mill.
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