Prominent prospector Tim Goyder has upped his stake in Chalice Mining after buying more than $24 million worth of shares in the past several days.
Prominent prospector Tim Goyder has upped his stake in Chalice Mining after buying more than $24 million worth of shares in the past several days.
Chalice’s ASX disclosure this morning shows Mr Goyder has boosted his voting power in the company from 8.8 per cent to 10.43 per cent with the recent shares splurge.
The ASX disclosure shows Mr Goyder bought four million ordinary shares for about $12.3 million on Thursday and spent $10.5 million on an additional 3.4 million shares the next day.
The Liontown Resources chair also bought nearly 500,000 Chalice shares for $1.5 million yesterday.
Mr Goyder stepped down as Chalice chair, a junior miner he founded, in October 2021.
In mid-August last year, an ASX disclosure revealed Mr Goyder sold about 5.9 million Chalice shares between February and August 2022.
Mr Goyder held an 8.8 per cent voting power in Chalice after the August 2022 selldown, down from the 10.76 per cent he held prior.
Chalice’s flagship project is the exploration of the Julimar complex 70-kilometres north east of Perth, which was discovered in 2020.
Chalice Mining shares recently slumped after releasing a scoping study for its flagship Gonneville mine, with shares plummeting from $5.04 a share to $3.77 after publishing the study.
The miner has been seeking a technical and investment partner for the project, which was revealed to have a cost profile of between $1.6 billion and $2.3 billion.
Shares in the company were down 3.03 per cent today, trading at $2.88 a share as of 1.19pm AEST.
