Directors’ Interests

Iluka Resources managing director David Robb has sold almost 300,000 shares raising $4.9 million “to meet tax liabilities and for financial planning purposes”. Iluka’s board has also approved the awarding of 250,000 share rights to Mr Robb under the terms of his long-term incentive plan. The share rights will vest as ordinary shares and be transferred to Mr Robb in March 2015. In addition, Mr Robb will receive 52,332 shares under the terms of his short-term incentive plan.

Mineral Resources non-executive director Mark Dutton has sold 485,000 shares on-market to raise $6.2 million in the diversified mining services provider. His stake in the company is now reduced to 15,000 shares that are currently worth $187,000. He is the third Mineral Resources director to shed shares in the last month.

Perseus Mining non-executive director Michael Bohm has exercised 400,000 options at $1.80 each to acquire shares in the company, bringing his total stake in the West African gold explorer to 420,000 shares. With Perseus shares currently trading at $2.35 each, his stake is valued at just under $1 million.

Troy Resources non-executive director Robin Parish has sold a total of 140,000 shares in four parcels this month to raise $650,000. He retains a stake of 4.4 million shares in the junior South American gold explorer currently worth $21 million.