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ABM Resources Director Acquires Indirect Stake

ABM Resources (ASX: ABU) director Graeme Sloan has increased his indirect interest in the company by 383,981 shares acquired on market.

Susan Lesley Sloan, a related party to Graeme, acquired the shares for A$19,967.01, or an average price of A$0.052 per share.

ABM recently announced several extensions to veins outside of the existing resource at its Old Pirate project, which has a current resource of 427,400 ounces of gold at 7.95 grams per tonne (g/t) (top cut) or 565,000 ounces of gold at 10.5g/t gold (uncut).

It also made a new high grade gold discovery at the Golden Hind Prospect with recently reported drill results including 15 metres at 118g/t gold.

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