Westar Resources Ltd (ASX:WSR) non-executive director Nathan Cammerman has demonstrated his confidence in the company’s gold exploration strategy with an on-market purchase of shares.
Between August 12 and 17, Cammerman acquired 101,398 shares with a value of $18,383 in an indirect interest, increasing the number of securities in that interest to more than 3.77 million shares.
Cammerman also holds 227,272 shares in another indirect interest.
Strong results-driven newsflow
Westar closed the June quarter with $3.063 million in cash and remains well-funded for its 2021 exploration activities.
Also in the June quarter, the company completed the acquisition of the historically high-grade producing Birrigrin Mining Centre and Carbine Bore tenements adjoining the Gidgee South Gold Project.
Westar is set for strong results-driven newsflow in the coming months across its project portfolio in Western Australia.
The company will also be kept very busy in the months ahead as it progresses exploration across its projects, in line with its three-pronged exploration rationale.
Westar managing director Karl Jupp said: “Q2 CY2021 has been exceptionally busy at our focal Gidgee South Project with the completion of our maiden RC drill program and contiguous, synergistic acquisitions of the historic Birrigrin Mining Centre and Carbine Bore tenure."