Biddle’s holder Hatched Creek Pty Ltd acquired 504,145 shares worth $24,198.96 and holder Biddle Partners Pty Ltd acquired 344,156 shares for a total value of $16,519.49.
The total number of securities held after the change is now 32.05 million shares.
Positive Bardoc Gold Project PFS results
Bardoc recently received positive pre-feasibility study (PFS) results supporting a gold mining operation at the Bardoc Gold Project in Western Australia.
The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per ounces over an initial 8-year mine life.
Using today's spot gold price of A$2,530 per ounce, an 8-year gold mining operation would be valued at A$600 million pre-tax.
Chief executive officer Robert Ryan said the results highlighted the opportunity to develop a substantial new mid-tier Australian gold project with outstanding economics and strong financial returns.