Proactive Investors - Run By Investors For Investors

Southern Gold non-executive chairman shows faith in company through on-market purchase

Southern is focused on precious metals project development and exploration in South Korea.
Greg Boulton
Greg Boulton has extensive commercial and resource sector experience

Southern Gold Ltd (ASX:SAU) non-executive chairman Greg Boulton has purchased 50,000 shares through on-market trades.

The purchase has increased Boulton’s indirect holding in the company to 1,716,883 shares and 633,334 unlisted options.

READ: Southern Gold hunts next Hishikari mine in South Korea as Bluebird JV matures

Southern is focused on precious metals project development and exploration in South Korea where it has projects with higher-valued joint venture partner Bluebird Merchant Ventures Ltd (LON:BMV).

The partners have joint 50-50 stakes in the potentially company-making large Gubong Gold Project and the nearer-term, smaller Kochang Gold Project.

Southern believes there’s potential for a big discovery, like Sumitomo Metal Mining Co, Ltd’s (TYO:5713) 8 million ounce Hishikari gold mine in Isa, Japan.

View full SAU profile View Profile

Southern Gold Ltd Timeline

Related Articles

Drill rig in the Goldfields
February 11 2019
Intermin gained today on news it may snap up a Coolgardie project and plant from Focus Minerals.
A 3D model of Black Rock Mining’s flagship project in Tanzania
April 17 2019
The company is aiming to start production of graphite from its Tanzanian project in 2020.
The high-grade Aucu project on a Kyrgyzstan map
January 22 2019
White Cliff Minerals has a portfolio of projects, including a high-grade gold project in the Kyrgyz Republic and nickel-cobalt battery minerals projects in Western Australia. The company is undertaking a review of its assets, hoping to determine how it can maximise value and save on costs.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use