Besra Gold Stock Price, News & Analysis

Besra Gold Inc. (ASX: BEZ) has received legal proceedings initiated by Jura Trust Limited, an entity controlled by former director John Seton, in the Supreme Court of Victoria. The lawsuit alleges that Besra failed to provide 12 months' notice for terminating Jura's services agreement and owes approximately $25,000 in unpaid invoices.

The company has filed a notice of appearance and disputes these claims. Besra has committed to updating security holders on any material developments regarding the proceedings.

Besra Gold Inc (ASX: BEZ) has announced significant changes to its Board of Directors following a Special Meeting held on June 24, 2025. The company appointed three new board members: David Izzard as Non-Executive Chairman, Dr. John Blake and Dr. Matthew Greentree as Non-Executive Directors. Simultaneously, four previous directors were removed: Dato Lim Khong Soon, David Potter, Jon Morda, and Sean Williamson.

The new board members bring substantial experience in mining, geology, and corporate management. David Izzard has expertise in strategy and financial management, Dr. Blake brings 35 years of international mining experience, and Dr. Greentree contributes 25 years of mineral industry experience, including his recent role as Managing Director and CEO of Ausgold Ltd.

Besra Gold Inc (ASX: BEZ) announced the completion of its shareholders' special meeting held on June 24, 2025 (Australian Time). The company directed shareholders to view the meeting results through a provided link. The announcement was made by Company Secretary Michael Higginson.

Besra Gold Inc (ASX: BEZ) has reported significant progress in their Jugan Project's Bankable Feasibility Study (BFS) during H1 2025 in Sarawak, Malaysia. The company completed three metallurgical drillholes totaling 715 meters and advanced various technical studies including alternative processing assessments and geotechnical drilling.

Key developments include 9 out of 11 planned geotechnical drillholes completed, hydrogeological assessment planning, and preparations for Pilot Plant construction. The company is evaluating an innovative pyrolysis-based processing technology through Dundee Technologies as an alternative to conventional Pressure Oxidation (POX). The Pilot Plant project awaits only the renewal of Mining Lease ML 05/2012/1D to commence construction, with an expected four-month earthworks phase followed by seven months of construction.

Besra Gold Inc. (ASX: BEZ) has announced that Director Dato' Lim Khong Soon has submitted his irrevocable resignation from the company's board. The resignation will become effective at the conclusion of the upcoming Special Meeting, which is scheduled for June 24, 2025, at 11:30 am Sydney time. The announcement was authorized by Non-Executive Chair David Potter and communicated through Company Secretary Michael Higginson.

Besra Gold Inc. (ASX: BEZ) has appointed Mr. David Potter as its new Independent Non-Executive Chair. Potter brings over 30 years of extensive experience in the resource sector, with a strong background in technical, financial, and strategic leadership. His expertise includes building specialist teams for startups, operations, feasibility studies, and due diligence. Potter's credentials include executive roles at Reed Resources, Excelsior Gold, and Round Oak Minerals, alongside directorships in private entities. Currently working as a private resource sector consultant, he holds a Bachelor of Science in geology, a Master of Science in mineral economics, and a diploma in Financial Investment and Analysis. As a member of the Australasian Institute of Mining and Metallurgy, he is qualified as a JORC competent person for various deposit styles.

Besra Gold Inc. (BESAF) has issued a statement addressing misleading claims made by Quantum Metal Recovery Inc. The company criticizes Quantum's pattern of disregarding corporate laws and securities regulations. Key issues include Quantum's failure to remit $9.8M in promised funding by December 2023, unauthorized promotional videos making false claims about Besra's mining operations, and non-compliance with insider reporting obligations. Besra's mining tenements await renewal, preventing project development. The company faces a special shareholder meeting on June 24, 2025, where Quantum seeks to remove independent directors. Besra's board questions the qualifications of Quantum's nominated directors and warns that Quantum's actions risk destroying shareholder value. The company urges shareholders to vote for removing Dato' Lim Khong Soon as director and against Quantum's proposed board changes.

Besra Gold Inc. (ASX: BEZ) has announced a Special Meeting scheduled for June 24, 2025, at 11:30 am Sydney time, to be held at Hall Chadwick, Level 40, 2 Park Street, Sydney. The company is distributing Notice of Special Meeting documents to all shareholders and CDI holders, who are encouraged to participate in voting using either Proxy Forms or CDI Voting Instruction Forms. The recently appointed Chairman, David Potter, is available for contact regarding the meeting. The company has provided access to meeting documents through their website and included contact information for both the Company Secretary and North American representative.

Besra Gold Inc (ASX: BEZ) announced the resignation of Director Chang Loong Lee (Kenny Lee) from the company's Board. Lee, who had served as Director since September 2023, submitted his resignation citing the need to make way for a new Director who could potentially strengthen the Board. The newly appointed Chair, David Potter, acknowledged Lee's integrity in making this independent decision in the best interest of shareholders. Following this change, Besra's Board now consists of four Non-Executive Directors: David Potter (Chair), Jon Morda, Sean Williamson, and Dato' Lim Khong Soon.