IMX Resources’ (ASX: IXR, TSX: IXR, IXR.WT) directors have increased their shareholding in the company through on-market purchases.
Managing director Neil Meadows acquired 300,000 shares on 26 and 27 November at a total price of A$37,197.34 for an average price of $0.124 each.
Chairman John Nitschke acquired 500,000 shares for $55,000, or $0.11 each, while director Stephen Hunt bought 200,000 shares at $0.13 each and another 100,000 shares at $0.11 each for a total price of $37,000.
Nitschke now holds 870,000 shares, while Hunt owns 501,800 shares.
IMX is in the process of selling a 49% interest in the Mt Woods Copper-Gold JV and associated tenements to OZ Minerals (ASX: OZL), giving it cash to continue exploration and evaluation work on the wholly owned Nachingwea property in Tanzania, which hosts the Ntaka Hill Nickel Sulphide Project.
The company has recently delivered a string of positive nickel sulphide results from Ntaka Hill, one of the world’s best undeveloped nickel sulphide projects with the potential to produce a very clean, high quality premium nickel concentrate.
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