Rox Resources Ltd (ASX:RXL) managing director and CEO Alex Passmore has purchased 3 million shares in the company through on-market trades.
The $30,036 purchase increases his overall holding in the company to 19 million shares aligning him well with shareholders.
Notably, the buying follows his recent 1.75-million share purchase.
READ: Rox Resources new MD acquires shares in on-market transaction
Rox recently confirmed a 1.19-million-ounce JORC-compliant resource grading 2.97 g/t gold at the Youanmi Gold Project in Western Australia.
In an investor presentation last week, Rox outlined its plans to undertake an aggressive near-mine exploration program and pre-development work at Youanmi.
The Youanmi Mining Centre produced 670,000 ounces at 5.4 g/t gold and was closed in 1997 when gold price was A$400-450 per ounce versus today’s price of around A$1,800 per ounce.