Welcome to our dedicated page for Besra Gold news (Ticker: BESAF), a resource for investors and traders seeking the latest updates and insights on Besra Gold stock.
Besra Gold Inc (BESAF) maintains this dedicated news hub for stakeholders tracking its gold exploration activities and corporate developments. Access verified updates about the Jugan Gold Project in Malaysia, including pilot plant progress, resource estimates compliant with JORC (2012) standards, and strategic management decisions.
This resource serves investors and industry observers seeking authoritative information about exploration milestones, feasibility study advancements, and operational updates. All content undergoes rigorous verification to ensure alignment with regulatory standards and factual accuracy.
Key update categories include project development timelines, technical reports on mineral resources, corporate governance changes, and operational strategy refinements. Bookmark this page for direct access to Besra Gold's official communications, presented without speculation or promotional bias.
Besra Gold Inc (ASX: BEZ) has released a market update regarding an ongoing investigation into the transfer of 40,000,000 CDIs from Quantum Metal Recovery Inc to a nominee company on February 3, 2025.
The investigation reveals conflicting information about Quantum's shareholding:
- On February 24, 2025, Quantum's lawyers stated the company owned 124,938,256 shares (approximately 30% ownership)
- On March 6, 2025, they revised this statement to 84,938,256 shares (approximately 20% ownership)
Despite multiple inquiries, including during a March 3 Board Meeting where Quantum's controller Dato Lim stated there had been "no change of beneficial ownership," Besra has not received clear confirmation regarding the potential sale of CDIs. The company continues its investigation pending responses from Quantum and relevant nominee companies.
Besra Gold Inc (ASX: BEZ) has requested a trading halt for its securities on the Australian Securities Exchange (ASX) on March 10, 2025. The halt is specifically related to a pending announcement concerning a Cease Trade Order from the Ontario Securities Commission.
The company expects the trading halt to be lifted by the start of trading on Wednesday, March 12, 2025. The announcement regarding the Cease Trade Order is anticipated to end the trading suspension. The company has confirmed it is unaware of any reason why the trading halt should not be granted.
Besra Gold Inc (ASX: BEZ) has announced a special shareholders' meeting scheduled for May 8, 2025 (Canadian time) / May 9, 2025 (Australian time). The meeting's primary purpose is to vote on the removal of Dato Lim Khong Soon from his position as a director of the company, as per Section 8.2 of the Company's By-Laws.
Key dates for the special meeting include:
- Record Date for Notice of Meeting: March 26, 2025
- Record Date for Voting: March 26, 2025
Besra Gold Inc (ASX: BEZ) has announced the release of its half-year financial results for the period ending December 31, 2024. The results were submitted to the Australian Securities Exchange on March 4, 2024 AEDT. The company has directed stakeholders to access the full announcement through their official website.
Besra Gold Inc. (ASX: BEZ) has issued a market update addressing unauthorized communications made by Quantum Metal Sdn Bhd, a company associated with director Dato Lim Khong Soon. The company identified two specific unauthorized communications containing factually incorrect and potentially misleading statements:
1. An unauthorized video uploaded to Facebook on February 12, 2025, which incorrectly claimed "Studies confirmed 3.3 million ounces of gold" at the Bau Project (Jugan Hill Deposit). Besra clarifies that its actual JORC-compliant mineral resource is approximately 2.85 million ounces (with 0.96 million ounces at Jugan Hill).
2. An unauthorized notice posted on Quantum Metal's website on February 20, 2025, falsely claiming "delivery of physical gold to QM will be completed within three years from the date the agreement was signed."
Besra has requested removal of these communications and is investigating circumstances surrounding CDI transfers from Quantum Metal Recovery Inc.
Besra Gold Inc (ASX: BEZ) has announced a special meeting of shareholders to vote on the removal of Dato Lim Khong Soon as a director of the company. The meeting will be conducted in accordance with Section 8.2 of the Company's By-Laws, with notices to be prepared and sent to all shareholders as required by the Canada Business Corporations Act.
Additionally, directors Morda, Lee, and Higginson have stated their willingness to step down from their positions, contingent upon finding suitably qualified and experienced replacement candidates. The company is currently in discussions with several potential candidates to fill these positions.
The announcement was authorized for release by the Board, with Michael Higginson serving as Director and Company Secretary.
The provided press release is too brief and lacks substantial information to create a meaningful summary. It only mentions that Besra Gold Inc (ASX: BEZ) has announced its December 2024 Quarterly Activities Report for the six months ended December 31, 2024, with a reference to the full report available on their website.
Besra Gold Inc. (ASX: BEZ) has announced a significant development regarding the winding-up petition against Quantum Metal Sdn Bhd (QM Malaysia). Following their previous announcement from November 11, 2024, the company has confirmed receiving a letter from the Inland Revenue Department stating their agreement to withdraw the petition that was initially presented by the Government of Malaysia to the High Court of Malaysia.
Besra Gold Inc. (ASX: BEZ) held its annual general and special meetings of shareholders on December 20, 2024, in Sydney, Australia. All proposed matters received approval from shareholders, with 258,197,632 common shares voted, representing 61.75% of total outstanding shares. Key resolutions passed included the election of board members Jon Morda (88.5% approval), Michael Higginson (72.5%), Dato Lim (57.1%), and Chang (Kenny) Lee (55.8%). Shareholders also approved the reappointment of auditors (72.5%), issuance of options to Kenny Lee (55.2%), 2024 executive remuneration (57.2%), and amendment of By-laws (100%).
Besra Gold Inc (ASX: BEZ) has provided an update on the renewal status of its Jugan Concession (ML 05/2012/1D). The renewal process requires approval from the State Mining Mineral Authority (SMMA), whose meetings are chaired by the Premier of Sarawak and held infrequently. The company awaits confirmation of the next SMMA meeting date, where they expect their application to be reviewed.
This renewal represents the first 'heavy mining' ML to be considered by Sarawak authorities in recent times, making the timeline less predictable compared to similar applications in other regions like Australia. Following renewal, North Borneo Gold Sdn Bhd, Besra's Malaysian subsidiary, will apply to replace Gladioli Enterprises as the registered holder of the Concession.
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