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Besra Gold Inc (ASX:BEZ)

ALERT: Price-sensitive ASX Announcement for BEZ
Current share price for BEZ : $0.099 0.02 (25.32%)+
Announcement
Release
25 Feb 2026 9:02AM
Price at Release
$0.079
Full Release
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Summary
Besra Gold Inc announced the conditional approval of the renewal of its Mining Lease ML 05/2012/1D by the Sarawak Government, ensuring continuity of tenure over the Jugan deposit within the Bau Gold Project. This renewal is a significant milestone as it enhances security of tenure, reduces project risk, and is fundamental for the progression towards commercial development in the Bau Gold Project. This marks the first mining lease renewal since Besra's listing on the ASX in October 2021, following extensive engagement with government agencies and stakeholders. The company intends to continue engaging with relevant authorities to formalize renewal conditions and align regulatory requirements with project planning activities, while no assurances are given regarding other renewal applications.
Key Points
  • Sarawak Government grants conditional renewal of ML 05/2012/1D.
  • Ensures continuity over Jugan deposit in Bau Gold Project.
  • First mining lease renewal since ASX listing in October 2021.
  • Enhances security of tenure, reduces project risk.
  • Commitment to engage with authorities for renewal condition clarification.
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.