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  • Stratum Metals MD Adds To Shareholding  0 comments
    Nov 20, 2012 5:16 PM

    Stratum Metals (ASX: SXT) managing director Martin Holland has increased his shareholding in the company following on-market purchases.

    Holland added another 109,000 shares for a total consideration of A$19,465, providing an average entry price of around $0.18 per share.

    Stratum Metals recently executed a "company making" deal in the highly prospective East Menzies Goldfield on Western Australia - by consolidating 11 different entities.

    The company has signed a Binding Heads of Agreements with two separate consortia bringing together 54 tenements, including 2 mining licences, under the one group.

    The significance of the deal is that Stratum can now combine all of the data and conduct an overall aerial survey - which has never been done before on this scale.

    The combined area has potential for near term production generating significant cash flow - which would transition the company to a self-funded explorer.

    This includes a near surface 36,000 ounce resource which could be extracted and trucked to one of the nearby processing centres within trucking distance, following any potential ore agreements.

    Proactive Investors is a market leader in the investment news space, providing ASX "Small and Mid-cap" company news, research reports, StockTube videos and One2One Investor Forums.

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