The $18,652 purchase was made last Tuesday and Wednesday representing the 10-11 December 2019.
The purchase, which had an average price of 30.5 cents, increases Phillips’ overall holding to 4.05 million shares.
ASX listing via IPO
Macarthur commenced trading on the ASX on December 6 2019 after successfully raising $5 million through the issue of shares priced at 25 cents each.
Funds from the IPO will be primarily used to advance the company’s flagship Lake Giles
Iron Project in WA’s Yilgarn region, about 175 kilometres northwest of Kalgoorlie-Boulder.
Drilling hits high-grade magnetite
Last week, the company revealed results from a recently completed drilling program that comprised 21 RC holes and nine diamond holes.
Highlights included 94 metres at 40.51% iron at Moonshine North.
The infill drilling program has been designed to upgrade the resource classification for some of the Moonshine and Moonshine North deposits.