Jindalee Resources Ltd (ASX:JRL) executive director Lindsay Dudfield has purchased 200,000 shares in the company through on-market trades.
The purchases amounted to $57,690 in total resulting in an average purchase price of 28.8 cents per share.
This increases Dudfield’s holding in the company to 12.48 million shares.
Notably, managing director Pip Darvall recently also purchased over $15,000 worth of shares in the company.
Jindalee is focused on the McDermitt project on the Nevada-Oregon border which has potential to become one of the US’s largest sediment-hosted lithium deposits.
An exploration target was recently estimated and the lower end of the exploration target range (ETR) is 160-780 million tonnes at 1300-1600 ppm lithium.
This includes a high-grade ETR of 20-80 million tonnes at 2100-2600 ppm within one discrete horizon, representing an ideal target for follow-up work.