Hughes exercised 562,085 $0.075 options (June 2017 expiry) for a consideration of circa $42,000.
Intermin shares last traded at $0.11.
Hughes now has a direct and indirect stake of over 2.5 million shares, along with several lines of listed and unlisted options.
Intermin has a number of quality gold assets in the world class gold mining region surrounding Kalgoorlie-Boulder in Western Australia.
The company’s flagship projects are the 100% owned Menzies and Teal projects which host significant mineralisation and have the potential to be mined via open cut and underground methods.