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 announced significant board changes with the appointment of two new independent directors. David Potter joins as the new Non-Executive Chair, bringing over 30 years of resource sector experience, while Sean Williamson, a corporate and securities lawyer, joins as Non-Executive Director. Jon Morda steps down as interim Chair but remains a Non-Executive Director, while Michael Higginson resigns as Director but continues as Chief Corporate Officer and Company Secretary.
Potter, with extensive operational and corporate experience, highlighted Besra's undervalued position, noting its 2.8Moz JORC-compliant gold resources and A$20m cash backing against a modest market cap of A$18m. He plans to focus on developing the Jugan deposit and improving relationships with Sarawak authorities. Williamson brings valuable experience from roles at Dundee Precious Metals and Iamgold, focusing on corporate governance and legal expertise.
Besra Gold Inc. (BESAF) has announced the postponement of its special shareholders' meeting from May 26, 2025, to June 23, 2025. The meeting was initially called to consider the removal of Dato Lim Khong Soon from the Board. In response, Quantum Metal Recovery Inc, controlled by Lim, has requested a separate shareholders' meeting to remove all directors except Lim and elect three new nominees.
The Board's decision to postpone the meeting aims to provide additional time for potential engagement with Quantum and to avoid a potential proxy contest. The record date for shareholder voting eligibility remains at 5:00 pm Melbourne time on May 5, 2025. Norton Rose Fulbright Canada LLP is serving as legal counsel to Besra for the Special Meeting.
Besra Gold Inc. (ASX: BEZ) has released its March 2025 Quarterly Activities Report, highlighting significant progress in the Jugan Bankable Feasibility Studies. The company reports several key developments: completion of an independent mineral resource estimate (MRE), accelerated drilling operations using two rigs for metallurgical and geotechnical core samples, and the dispatch of samples to specialized laboratories in Perth, Jakarta, and Newcastle for analysis. Additionally, Besra is conducting a strategic review of emerging and next-generation processing and tailings solutions for potential future implementation.
Besra Gold Inc. (ASX: BEZ) has released an announcement regarding an updated independent mineral resource estimate for its Jugan Project. The company has directed stakeholders to access the complete announcement through their official website, where detailed information about the resource estimate can be found.
Besra Gold Inc. (ASX: BEZ) has announced the adoption of an advance notice by-law for director nominations by shareholders. The by-law establishes a clear framework requiring shareholders to submit director nominations at least 30 days before annual meetings (40 days for notice and access cases), or 10 days after the first public announcement if the meeting is less than 50 days away.
For special meetings, nominations must be submitted within 15 days of the first public announcement. The company has postponed its Special Meeting from May 8 to May 26, 2025 (May 27 in Australia), with a record date of April 1, 2025. The Board will waive the nomination deadline until April 11, 2025, to ensure shareholders are not disadvantaged by the new by-law.
The by-law requires shareholder approval at the upcoming Special Meeting to remain effective, needing a majority vote for confirmation.
Besra Gold Inc (ASX: BEZ) acknowledged receipt of an ASX price query letter dated March 17, 2025. The company has indicated that a response to the questions raised in the ASX letter is available on their website. No specific details about the nature of the price query or the company's response were provided in the press release.
Besra Gold Inc (ASX: BEZ) has issued a response to an ASX aware letter dated March 12, 2025, addressing questions concerning a Cease Trade Order. The company's announcement refers to correspondence from the Australian Securities Exchange and directs stakeholders to view the complete response on their corporate website.
Besra Gold (ASX: BEZ) has announced the release of its Condensed Interim Consolidated Financial Statements for the six-month period ending December 31, 2024. The financial statements, reported in United States Dollars, cover the company's operations through the second half of 2024. The complete financial report is available on the company's website.
Besra Gold Inc (ASX: BEZ) has received a requisition for a special shareholders' meeting from Quantum Metal Recovery Inc, which holds approximately 20% (84,938,256 common shares) of the company's outstanding shares. The meeting, scheduled after March 26, 2025, will address two main purposes:
- The removal of current directors Jon Morda, Michael Higginson, and Chang Loong Lee
- The election of new board members: Matthew Greentree, David Izzard, and William John Blake
The requisition was made under Section 143 of the Canada Business Corporations Act, which allows shareholders holding at least 5% of outstanding shares to request such meetings. The notice of Special Meeting will be sent to all registered shareholders as of the Record Date (March 26, 2025 - Canadian time).
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.
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