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Besra Gold Inc (ASX:BEZ)

ALERT: Price-sensitive ASX Announcement for BEZ
Current share price for BEZ : $0.090 0.038 (73.08%)+
Announcement
Release
13 Nov 2025 9:42AM
Price at Release
$0.052
Full Release
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Summary
Besra Gold Inc announced the results of an independent technical review and corporate update for the Bau Gold Project in Sarawak, Malaysia. The review, conducted by Minescope Services, identified significant challenges, including tenure issues, a decrease in measured and indicated mineral resources, and metallurgical complexities. The company is working with Malaysian government agencies to renew the essential mining lease (ML 05/2012/1D) but faces uncertainty on its timing and terms. Recommendations include community engagement, exploration expansion, and a careful review of strategic costs and operations. Future progress hinges on securing mining lease renewals, after which further metallurgical tests and economic studies are advised. Besra holds a 98.5% interest in the Bau project, which is strategically important due to its location in a gold-rich belt on Borneo Island.
Key Points
  • Tenure issues present significant challenges for the Bau Gold Project.
  • Reduction in total measured and indicated mineral resources.
  • Metallurgical complexities require more test work for suitable extraction processes.
  • Engagement with local communities and government is critical.
  • Exploration to expand resources in less encumbered areas is recommended.
  • Further studies dependent on mining lease renewal.
  • Besra owns a 98.5% interest in the Bau Gold Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.