Alkane Resources (ASX: ALK) chairman John Dunlop has acquired 100,000 shares of the company in on market trades.
He paid an average price of $0.314 for each share, or a total consideration of $31,400. This increased his total shareholding up to 936,000 shares.
The company had last month awarded the Front End Engineering Design (FEED) contract for its Dubbo Zirconia project in New South Wales to Hatch Pty Ltd.
This will deliver capital and operating cost estimates to a target 10% accuracy, building on the work of the Definitive Feasibility Study released last year.
Alkane has also defined a new zone of porphyry style gold-copper mineralisation at the McGregor Prospect of its Kaiser Project in New South Wales.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.