Peel Mining Ltd’s (ASX:PEX) substantial shareholder Hampton Hill Mining NL (ASX:HHM) and associates have shown confidence in the company by lifting their combined interest to 19.3% from 18.25%.
The company’s zinc and base metals strategy has also attracted market attention with the company advancing almost 20% today to reach a new 12-month high of $0.78.
Peel is trading 270% higher than on October 9 2017.
READ: Peel Mining intersects best ever high grade zinc intersection at Southern Nights
Hampton Hill Mining and associates have acquired an additional 4.95 million shares since 8 November 2017.
The associates are Wythenshawe Pty Ltd, Perth Capital Pty Ltd, Warramboo Holdings Pty Ltd and The Wythenshawe Foundation.
Perth Capital, Warramboo Holdings and Hampton Hill took up 2.8 million shares in Peel's recent placement.
Shares purchased on market
Wythenshawe Pty Ltd, Warramboo and Perth Capital have subsequently purchased a further 2.15 million shares on market.
Perth Capital now holds 10.3% of Peel, Hampton Hill 5.63%, Wythenshawe Pty Ltd 2.37%, Warramboo 0.97% and The Wythenshawe Foundation 0.03%.
St Barbara increases interest
Another Peel substantial shareholder, gold miner St Barbara Ltd (ASX:SBM) recently increased its stake in the company to 16.3% through the purchase of 10 million shares priced at $0.50.
Perth-based Hampton Hill holds a 25% contributing interest in the Millennium Zinc Project in Western Australia in joint venture with Encounter Resources Ltd (ASX:ENR).
It also holds a royalty interest over the central leases of Saturn Metals Limited's Apollo Hill Gold Project in the Western Australian goldfields.
Saturn Metals aims to list on the ASX in March 2018.