WA businessman Tim Goyder has netted nearly $30.5 million from a sell-down of his stake in market darling explorer Chalice Mining.
A change of substantial holder notice lodged with the ASX on Monday showed a series of on-market sales since February had reduced his holding in the stock from 10.76 per cent to 8.8 per cent.
The share sales follow Mr Goyder’s decision to retire as chairman of the company he founded in November last year.
Shares in Chalice soared to a high above $10 last year on excitement around its Gonneville polymetallic discovery near Toodyay.
Combined with his substantial holding in another surging stock, lithium play Liontown Resources, Mr Goyder reached a paper net worth of more than $1 billion.
Earlier this month, Mr Goyder received the GJ Stokes Memorial Award at the annual Diggers and Dealers Mining Forum in Kalgoorlie for his “significant and lasting” contribution to the mining industry. Liontown also won Best Emerging Company at the conference.
Last month it was revealed Mr Goyder and wife Linda had paid $17 million for a heritage home on Peppermint Grove’s The Esplanade, setting a new price record for the year.
Shares in Chalice, which have been sold down since the end of the last year, closed up 2¢ at $4.87.