Boadicea Resources Ltd (ASX:BOA) executive director Steven Moon has demonstrated faith in the company’s exploration strategy focused on nickel, copper and gold through the purchase of shares in an on-market transaction.
Moon acquired 22,000 shares at 23.5 cents per share on February 23 in an indirect, increasing the total number of securities held after the change to 395,240 shares in two indirect interests.
This follows an on-market purchase of 25,000 shares last week by managing director Jon Reynolds.
Leveraged to Orion extension
The company has welcomed advanced exploration on IGO Ltd’s (ASX:IGO) Nova Mining Lease, less than 1-kilometre from the company’s Symons Hill licence in the Fraser Range.
The Orion chonolith (‘worm-like intrusion’) has been intercepted by multiple drill holes and is interpreted to have a strike length of greater than 1,000 metres and a diameter of 80-250 metres.
IGO is advancing exploration on the potential Orion extension within the Symons Hill licence with drilling on Symons Hill expected in Q1/Q2 2021.
Of the more than 600 IGO Fraser Range mafic-ultramafic intrusions, Orion is ranked in the top three for prospectivity.