Asara Resources Limited

Asara Resources is pleased to announce that it has signed a binding subscription agreement with Barbet LLC FZ to raise US$950,000 which will be used to advance the Kada Gold Project in Guinea. We welcome Barbet to our share register and look forward to working with them to advance the project. The company enters Q4 2024 debt free and well funded to advance exploration at Kada

Asara is pleased to release its quarterly activities report for the period ending 30 June 2024. Highlights include the commencement of metallurgical test work at the company's flagship #kada #gold project in #guinea and divestment activity regarding non-core assets.

Asara Resources is pleased to announce the divestment of its non-core Burkina Faso gold assets for US$2.2m cash. ''We are delighted to have reached an agreement with BIC for the sale of the Kouri and Babonga gold projects in Burkina Faso. This sale represents a significant milestone for the Company and reiterates our commitment to divest our non-core assets to focus on our flagship Kada Gold Project in Guinea. ''

Today we announced the commencement of metallurgical test work at our #Kada #oxide #gold project in #Guinea Test work with Kappes Cassiday, world leaders in Heap leach design, will enable the company to assess whether a low cost heap leach is the right direction for the project. The company also announced that it is actively working on divesting both the #Paguanta base metal project in Chile and the #Kouri gold project in Burkina Faso Paguanta has a resource of 18.2m ounces #silver equivalent and Kouri has a resource of 2m ounces of #gold.

Asara's West #African Manager, Richard Zongo, is in Conakry this week. He had the honor to meet with newly appointed Mines Minister Bouna Sylla. We welcome Mr Sylla and look forward to continuing our excellent relationship with the Government of #Guinea as we advance our #Kada #gold project.

Wishing our colleagues & friends a happy and healthy Eid Al-Fitr!

A cross-section of our intermediate sulphidation epithermal system at #Paguanta in #Chile. The Cathedral & Central areas make up part of the resource of 2.4Mt @ 88g/t #silver, 5.0% #zinc and 1.4% #lead for 6.8Moz ag, 265Mlb zn and 74Mlb pb The deposit has a AgEq resource of 18.2m ounces silver and is open at depth and to the east. The deepest hole ended in mineralisation of - 1,765g/t silver, 12% zinc, 7.5% lead, 1.7g/t gold

Asara Resources Limited (ASX:AS1, OTC:GMRMF) managing director Timothy Strong is back in the Proactive studio to bring investors up to speed on a slew of company updates. After updating its company name and management team in late 2023, Asara has welcomed strong support from shareholders via an $805,000 placement. The extra capital will fund exploration and early metallurgical work on the #OxideGold portion of the Kada #Gold Project in eastern Guinea. With divestment of non-core projects and early-stage development options on the cards, Strong is excited for the year ahead. Watch at #Proactive #ProactiveInvestors #ASX #OTC #AS1 #GMRMF #GoldMining #GoldStocks Jonathan Jackson https://lnkd.in/dvzrg3M8

Asara Resources (ASX:AS1) is pleased to announced that it has received firm commitments for a single tranche share placement at $0.009 to raise $805,000 (before costs). This oversubscribed placement was strongly supported by existing institutional and sophisticated investors. #gold #guinea #capitalmarkets #exploration

Mining #gold in West Africa comes with many challenges, not least among them maintaining your social licence in a region prone to strife. Asara Resources Limited (ASX:AS1, OTC:GMRMF) has ambitions to spearhead the next West African gold rush and has a simple but effective ethos – 'do no harm'. The global gold price reached an all-time high in December last year, touching US$2,135.39 per ounce, driven by a weak US dollar, and expectations the US Federal Reserve will soon begin to lower interest rates. Global conflict in the form of Russia’s war on Ukraine and heightened conflict in the Middle East has also contributed, shoring up the gold price as investors look for safe havens to park their capital. With South African mines faltering, Ghana became Africa’s new premier gold producer in 2019, ranked sixth in the world. More at #Proactive #ProactiveInvestors #ASX #OTC #AS1 #GMRMF #WestAfricanGold #GoldMining #GoldStocks http://ow.ly/jnsu105jSmC