Besra Gold Inc. reports developments for its gold exploration and development business, including the Bau Gold Project in Sarawak and tenure matters connected to the Jugan deposit. Company updates include mining lease renewals, engagement with Sarawak authorities, quarterly activities and cash-flow reporting, and cost-review initiatives affecting its Malaysian operations.
Besra Gold news also includes governance and shareholder matters, such as requisitioned meetings, board-composition proposals, company secretary changes, and disclosures tied to material agreements including the Gold Purchase Agreement.
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) 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.
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.