Firefinch Ltd (ASX:FFX) non-executive director Brendan Borg has increased his interest in the company through the early exercise of options with a total value of $161,250.
More than 1 million options, which were due to expire on October 12, 2021, were exercised at 15 cents each on September 6, 2021.
Borg now holds about 13.7 million shares in the ASX-listed gold miner and lithium developer through an indirect interest.
About Firefinch
Firefinch is a Mali focused gold miner and lithium developer with an 80% interest in the operating Morila Gold Mine, which has produced 7.5 million ounces of gold since 2000.
The company plans to ramp up production from an annual production profile of 40,000 ounces to 200,000 ounces by re-starting mining from the main Morila pit to exploit the 2.35-million-ounce gold resource while also boosting the capacity of the 4.5 million tonnes per annum mill.
Firefinch also aims to demerge the Goulamina Lithium Project, which is among the world’s largest undeveloped high-quality lithium deposits, into a separate lithium focused company to be listed on the ASX.