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ASX:AS1

5 stories mentioning ASX:AS1

Every FINWIRES story that references ASX:AS1, newest first.

Asia

Asara Resources Continues to Deliver High-Grade Results from Guinea Deposit; Shares Up 5%

Asara Resources (ASX:AS1) continued to deliver consistent high-grade results from the northeast extension within the Massan deposit mineral resource estimate area at its Kada project in Guinea, according to a Friday filing with the Australian bourse.Results include 40 meters at 4.5 grams per tonne (g/t) grade of gold and eight meters at 4.4 g/t grade of gold, including four meters at nearly 11 g/t grade of gold, and 59 meters at 2.1 g/t grade of gold, including 11 meters at 4.3 g/t grade of gold, the filing said.Additionally, the second-phase inferred drilling program continued to intersect continuous mineralization along the main north-south trend, per the filing.Shares rose 5% in morning trade on Friday.

ASX:AS1
Asia

Asara Resources Appoints CFO

Asara Resources (ASX:AS1) appointed Aurelien Douyere as chief financial officer, effective Monday, according to a same-day filing with the Australian bourse.Douyere most recently served as the chief financial officer of Sahara Natural Resources, the filing added.

ASX:AS1
Asia

Asara Resources to Raise AU$60 Million in Institutional Placement

Asara Resources (ASX:AS1) has obtained firm commitments for a dual-tranche institutional placement of about 480 million shares at a price of AU$0.125 each for gross proceeds of AU$60 million, according to a Friday filing with the Australian bourse.The first roughly AU$50 million tranche of 400 million shares will be completed using the company's existing placement capacity and is expected to settle on May 14, while the second AU$10 million tranche will be subject to shareholder approval.Asara Resources plans to use the proceeds to accelerate exploration activities at its flagship Kada gold project in Guinea.

ASX:AS1
Asia

Asara Resources Identifies High-Grade Gold Mineralization in Guinea Project

Asara Resources (ASX:AS1) disclosed the latest set of results from 14 drill holes from its phase 1 reverse circulation and diamond drilling program within the Massan deposit mineral resource estimate area at its Kada gold project in Guinea, according to a Monday Australian bourse filing.The results were up to 82 meters at 2.2 grams per tonne grade of gold, including six meters at 5.2 g/t gold and four meters at 15 g/t gold, including one meter at 57 g/t gold.The company said the Southern High-Grade Extension is interpreted to be a high-grade extension of the Massan Core, linking to the recently discovered Northeast High-Grade Extension, with a defined 500-meter strike length that remains significantly underdrilled, with Asara now aggressively drilling the full extent.The company's shares fell 26% on market close.

ASX:AS1
Asia

Asara Resources Appoints Non-Executive Chair

Asara Resources (ASX:AS1) appointed Jeff Quartermaine as non-executive chair, effective immediately, according to a Tuesday Australian bourse filing.Quartermaine will succeed Brett Montgomery, who will transition into the role of non-executive director, the filing said.Quartermaine most recently served as chief executive of Perseus Mining (ASX:PRU), the filing added.

ASX:AS1ASX:PRU