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Mining

Black Rock Mining directors snap up shares on-market

Directors of Black Rock Mining (ASX:BKT) have been actively adding to their holdings with on-market recently.

Stephen Copulos, chairman, bought one million shares for $99,717, increasing his direct and indirect holding to around 50 million shares.

Copulos also holds several option series and performance rights, and is the company's major shareholder and financial supporter.

Gabriel Chiappini, non-executive director, bought 100,000 shares for $9,800, and now holds 850,000 shares, along with several option series and performance rights.

Steven Tambanis, managing director, bought 75,000 shares for $7,875, and now holds 2.6 million shares, along with one million options and 3.35 million performance rights.

Black Rock is focused on graphite in east Africa, and recently secured an exclusive option to acquire a jumbo flake graphite discovery.

Earlier in the month the company revealed the best ever drill results from its Mahenge project.

With drilling ongoing, news flow will remain plentiful.

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.

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