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8 stories mentioning ASX:AS1Updated 6d ago

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Asia

Asara Resources Identifies High-Grade Gold Mineralization at Guinea Project; Shares Up 5%

Asara Resources (ASX:AS1) identified high-grade gold mineralization during recent drilling at its Massan Deposit within its Kada Gold Project in Guinea, West Africa, according to a Wednesday Australian bourse filing.The results were up to 47 meters at 8 grams per tonne (g/t) gold, including 8 meters at 42.2 g/t gold, and 66 meters at 0.7 g/t gold, including 3 meters at 3.8 g/t gold, the filing added.The results confirm the continuation of significant gold mineralization into the southern extension of the Massan Deposit and further demonstrate the strong upside potential of the previously under-drilled area, the filing added.The company's shares rose almost 5% in recent Wednesday trade.

ASX:AS1
Asia

Asara Resources Raises AU$3.8 Million as Part of Placement, Shares Fall 3%

Asara Resources (ASX:AS1) confirmed that it has placed 30.7 million new shares, representing the balance of the Barbet placement shares, to a group of targeted institutional and professional investors at AU$0.125 per share, raising a total of AU$3.8 million, according to a Monday Australian bourse filing.Barbet had earlier agreed to subscribe for 35.7 million placement shares under a subscription agreement with Asara. Asara agreed to amend the subscription agreement with Barbet, varying the amount of placement shares it will subscribe for to 4.9 million. As such, the total institutional placement size remains at AU$60 million, as announced on May 8.The issue of the 30.7 million new shares will be completed using its existing placement capacity and is anticipated to settle on Thursday.Its shares fell 3% in recent trading on Monday.

ASX:AS1
Asia

Asara Resources Says Drilling at Guinea Deposit Shows Gold Mineralization Strength, Continuity

Asara Resources (ASX:AS1) said 37 drill holes completed as part of the phase one drilling program at the Massan deposit within its Kada gold project in Guinea showed the strength and continuity of mineralization, according to a Thursday Australian bourse filing.The drilling comprised 5,625 meters of reverse circulation and diamond drilling. This included intercepts of 87 meters at 1.3 grams per tonne grade of gold, 22 meters at 2.8 g/t grade of gold, and 13 meters at 4.6 g/t grade of gold.Asara engaged TECT Geological Consulting to support the upcoming updated mineral resource estimate and refine regional exploration and drilling targets.

ASX:AS1
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.

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