The $46,666 purchase increases Black’s holding in the company to 4.66 million shares.
Black has over 39 years’ experience in the mineral exploration and mining industry and has served as a director of several publicly listed Australian companies.
He part-owns and manages Blue Spec Drilling along with interests in several commercial developments and has significant experience in capital financing.
Two priority targets generated at Mt Carlton
Earlier this week, Great Boulder completed an aerial electromagnetic (EM) survey at its Mt Carlton Project in Western Australia.
The survey generated two priority large targets known as the Eastern Zone and Western Zone, both anomalies being over three kilometres in length.
The 3.5-kilometre-long Eastern Zone anomaly is coincident with ultramafic rocks and a zone of elevated nickel.
The 3.7-kilometre Western Zone anomaly is coincident with a mapped banded iron unit suggesting potential gold mineralisation.
Great Boulder intends to conduct further field reconnaissance of the anomalies, followed by soil and rock chip sampling over both areas to further refine the targets before proceeding with surface geophysical surveys.
Mt Carlton is 60 kilometres south of the company’s Mt Venn Copper-Nickel-Cobalt Project and was acquired from Gold Road Resources (ASX: GOR) in August 2019.