Latest news with #AsraMinerals
The Australian
3 days ago
- Business
- The Australian
StockTake: Asra Minerals
Stockhead's Tylah Tully looks at the latest news from Asra Minerals (ASX:ASR), who is preparing to start drilling for new gold discoveries near 2 historic WA mines. The company has started a 50 hole aircore program for around 2,000 metres at the Leonora South gold project, targeting extensions of the Cosmopolitan and Altona gold mines. Watch the video to learn more. This video was developed in collaboration with Asra Minerals, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
04-08-2025
- Business
- The Australian
Asra Minerals wraps up gold drilling at Challenge and Eclipse
Special Report: Asra Minerals has completed a 23-hole reverse circulation drilling program at the Challenge prospect, following up on significant shallow gold intersections from historical drilling. Asra Minerals completed 1938m of drilling at Leonora South during the June quarter This includes the recent completion of 17 RC holes at the Challenge prospect The program is following up significant shallow gold intersections from historical drilling The 1362m campaign averaged a rate of ~300m per day. Before drilling the Challenge prospect, Asra Minerals (ASX:ASR) drilled 23 RC holes at the Eclipse prospect for a total 2070m. In total, 40 drill holes were carried out for 3432m to further define and extend known mineralisation at both prospects. Challenge and Eclipse sit within Asra's Leonora South asset in WA's Kookynie region and are within 200m of the 21,600oz at 2.1g/t gold resource at the company's Sapphire deposit. The project covers eight semi-contiguous mining licences over 549km2 of ground near the mining town of Leonora, known for high-grade gold discoveries such as the nearby Ulyssess operation featuring 850,000oz of gold. Asra racks up exploration and corporate wins During the June quarter, Asra knocked off 1938m of drilling at Leonora South targeting extensions at multiple priority targets within the Niagara prospect area, which included 1424m of RC drilling and 514.8m of diamond tails. The company also locked in $3m via a placement to investors to fast-track exploration across Leonora South and completed the sale of its Boorara leases for a cash consideration of $200,000 – streamlining Asra's focus and strengthening its balance sheet. ASR managing director Paul Stephen said the June quarter had been 'exceptionally productive' for the company, marked by significant strides across its exploration programs and a series of corporate initiatives. Asra bolsters leadership and technical teams 'The successful completion of more than 1,300m of drilling at Leonora South represents a critical step in understanding and expanding the high-grade Orion and Sapphire deposits, and we eagerly await results next quarter,' he said. 'Financially, our three million placement has significantly bolstered our balance sheet, providing capital to accelerate our exploration ambitions. 'The divestment of the Boorara leases and the consolidation at Mt Cutmore are further testaments to our disciplined approach to portfolio management, focusing on high-potential, core assets,' he added. Asra also strengthened its leadership and technical teams with key appointments including Stephen as managing director, Lenoard Math as CFO and the addition of Ziggy Lubieniecki as geological consultant. 'We look forward to keeping the market and our valued shareholders updated as we continue to build on this momentum in the coming quarter,' he said. This article was developed in collaboration with Asra Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Sponsored Nova Minerals has released a conceptual processing flowsheet for its 1.24Moz RPM deposit in Alaska. Sponsored Rhythm Biosciences has announced that its second-generation ColoSTAT blood test detects colorectal cancer consistently across all stages of the disease.
Herald Sun
01-08-2025
- Business
- Herald Sun
Asra Minerals wraps up gold drilling at Challenge and Eclipse
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Special Report: Asra Minerals has completed a 23-hole reverse circulation drilling program at the Challenge prospect, following up on significant shallow gold intersections from historical drilling. Asra Minerals completed 1938m of drilling at Leonora South during the June quarter This includes the recent completion of 17 RC holes at the Challenge prospect The program is following up significant shallow gold intersections from historical drilling The 1362m campaign averaged a rate of ~300m per day. Before drilling the Challenge prospect, Asra Minerals (ASX:ASR) drilled 23 RC holes at the Eclipse prospect for a total 2070m. In total, 40 drill holes were carried out for 3432m to further define and extend known mineralisation at both prospects. Challenge and Eclipse sit within Asra's Leonora South asset in WA's Kookynie region and are within 200m of the 21,600oz at 2.1g/t gold resource at the company's Sapphire deposit. The project covers eight semi-contiguous mining licences over 549km2 of ground near the mining town of Leonora, known for high-grade gold discoveries such as the nearby Ulyssess operation featuring 850,000oz of gold. Asra racks up exploration and corporate wins During the June quarter, Asra knocked off 1938m of drilling at Leonora South targeting extensions at multiple priority targets within the Niagara prospect area, which included 1424m of RC drilling and 514.8m of diamond tails. The company also locked in $3m via a placement to investors to fast-track exploration across Leonora South and completed the sale of its Boorara leases for a cash consideration of $200,000 – streamlining Asra's focus and strengthening its balance sheet. ASR managing director Paul Stephen said the June quarter had been 'exceptionally productive' for the company, marked by significant strides across its exploration programs and a series of corporate initiatives. Asra bolsters leadership and technical teams 'The successful completion of more than 1,300m of drilling at Leonora South represents a critical step in understanding and expanding the high-grade Orion and Sapphire deposits, and we eagerly await results next quarter,' he said. 'Financially, our three million placement has significantly bolstered our balance sheet, providing capital to accelerate our exploration ambitions. 'The divestment of the Boorara leases and the consolidation at Mt Cutmore are further testaments to our disciplined approach to portfolio management, focusing on high-potential, core assets,' he added. Asra also strengthened its leadership and technical teams with key appointments including Stephen as managing director, Lenoard Math as CFO and the addition of Ziggy Lubieniecki as geological consultant. 'We look forward to keeping the market and our valued shareholders updated as we continue to build on this momentum in the coming quarter,' he said. This article was developed in collaboration with Asra Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Asra Minerals wraps up gold drilling at Challenge and Eclipse
News.com.au
31-07-2025
- Business
- News.com.au
Top 10 at 11: ASX dives as Fed gives hawkish vibes
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Fed refuses to budge on interest rates The ASX is following US indices lower after the US Federal Reserve chair Jerome Powell once again signalled the central bank was not ready to cut US interest rates. Well, not just yet anyway. The ASX fell 0.45% in the first hour, down on 8 of 11 sectors with only info tech (+0.5%) showing any real signs of life this morning. With the US labour market remaining 'solid' by Powell's assessment and a September cut still in doubt, gold shed 0.8% overnight to US$3352.80 an ounce, then slid even further in trade today to US$3287.21 an ounce. Oil continued to rise, ticking up another 1% to US$73.24 a barrel of Brent. Iron ore has also gained marginally, up just 0.1% to hover just beneath the US$100 tonne mark at US$99.07. WINNERS Code Name Last % Change Volume Market Cap ASR Asra Minerals Ltd 0.002 100% 1157516 $4,000,198 WEL Winchester Energy 0.002 100% 849999 $1,363,019 TOU Tlou Energy Ltd 0.028 56% 4672 $23,374,518 DTM Dart Mining NL 0.003 50% 183333 $2,396,111 RAN Range International 0.0025 25% 2380188 $1,878,581 AON Apollo Minerals Ltd 0.008 23% 167672 $6,034,970 AAU Antilles Gold Ltd 0.006 20% 606666 $11,895,340 FBR FBR Ltd 0.006 20% 794501 $28,447,261 AS2 Askari Metals Limited 0.013 18% 153000 $4,445,878 RKB Rokeby Resources Ltd 0.013 18% 958797 $17,983,473 In the news... Winchester Energy (ASX:WEL) has been reinstated to the ASX after clearing a regulatory hurdle by appointing two more non-executive directors and filling out the required three-person roster. WEL is welcoming Jason Peterson, founder of CPS Capital Group, and David Wheeler, director and partner at boutique corporate advisory firm Pathways Corporate, to the board. The company is now seeking advice over a general meeting requirement. Askari Metals (ASX:AS2) is preparing for a systematic exploration program targeting high-grade, shallow gold mineralisation across two major gold corridors at its Nejo gold and copper project. AS2 will explore 10km of the Guliso Trend and 9km of the Guji-Gudeya Trend, home to the Soyoma, Dina, Chago, Chago South, Guji, Komto 1 and Komto 2 gold targets. Rokeby Resources (ASX:RKB) had a solid quarter of exploration and corporate growth, welcoming a $380k investment from new major shareholder Tony Rovira alongside a $1.1m capital raise. The money is funding a maiden drilling campaign just starting at the Hurricane gold project, which has produced bonanza grade rock chips of up to 69.5 g/t gold. LAGGARDS Code Name Last % Change Volume Market Cap MHK Metalhawk. 0.2 -46% 1426123 $45,655,248 XPN Xpon Technologies 0.008 -27% 5898642 $4,556,785 MEM Memphasys Ltd 0.003 -25% 5012105 $7,934,392 3DP Pointerra Limited 0.047 -18% 3680958 $45,889,377 BNL Blue Star Helium Ltd 0.005 -17% 33005320 $16,169,312 ECT Env Clean Tech Ltd. 0.0025 -17% 193524 $12,046,306 SER Strategic Energy 0.006 -14% 500000 $4,697,233 BMG BMG Resources Ltd 0.007 -13% 200000 $6,755,177 CHM Chimeric Therapeutic 0.0035 -13% 3475000 $12,996,494
The Australian
23-07-2025
- Business
- The Australian
Long Shortz: Asra Minerals
Tylah Tully chats with Asra Minerals (ASX:ASR) CEO Paul Stephen about the promising high-grade gold results the company's released from the Leonora South Project in WA. The drill program is targeting historic goldfields along a 15km strike, including the Sapphire and Orion deposits, with a focus on uncovering broader, thicker intersections. With multiple rigs active and new ground still to be tested, Stephen says the team is optimistic about unlocking new discoveries in this historically rich but previously fragmented gold region. Watch the video to learn more. This video was developed in collaboration with Asra Minerals, a Stockhead client at the time of publishing. The interviews and discussions in this video are opinions only and not financial or investment advice. Viewers should obtain independent advice based on their own circumstances before making any financial decisions.
