Xanadu Mines Ltd (ASX:XAM) board members Darryl Clark, Andrew Stewart and Michele Muscillo have shown confidence in the company through direct and indirect purchases of Xanadu shares.
The company is in a prime position in southern Mongolia and boasts of Asia’s largest undeveloped copper deposits at its Kharmagtai project, which has upside in substantial gold credits.
READ: Xanadu Mines has a tier-1 copper asset with a gold bonus: Hunter Capital Advisors
Executive chairman Darryl Clark indirectly purchased 202,150 fully paid shares at a price of 5.2 cents a share, bringing his holding to a total of more than 2.2 million shares.
Executive director and chief executive officer Andrew Stewart made a direct purchase of 429,000 shares amounting to $22,318 and disposed of 7 million performance rights.
His total holding now is more than 4.7 million fully paid ordinary shares.
Independent non-executive director Michele Muscillo indirectly acquired nearly 5,500 shares, bringing her total holding to 59,441 shares.
