Arrow Minerals’ managing director buys shares on-market
The company finished the September quarter with a healthy $5 million cash, receivables and investments
Michael made the purchases in his super fund and increased his total holding in the company to over 4.93 million shares.
This is Michael’s second purchase of company shares recently as he bought 500,000 shares on-market in mid-October.
Arrow has been busy over recent months drilling at its Strickland Gold Project, with multiple gold-in-bedrock anomalies defined.
A total of 625 aircore holes for 8,793 metres (average hole depth 14 metres) were completed over the T1a, T1b, T2a, T2b and T2c prospects
Further drilling at T2c and first pass drilling at T2d is expected to commence in the current December quarter.