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 CDI (BESAF) generates news primarily through updates on its Bau Gold Project in Sarawak, Malaysia and related corporate developments. The company describes itself as a gold exploration and development company focused on the Bau Goldfield in East Malaysia, and its announcements frequently centre on project reviews, resource estimates and engagement with government and community stakeholders.
News releases from Besra have covered an independent technical review of the Bau Gold Project, highlighting tenure issues around Mining Lease ML 05/2012/1D, changes in Mineral Resource Estimates and recommendations for further exploration, metallurgical testwork and study work. The company also reports on strategic and cost reviews, including decisions to place exploration and development activities on hold until key mining leases are renewed, and on its plans to digitise historical exploration data to prepare for potential future work.
Investors following BESAF-related news can also expect regular corporate governance and board updates. Recent announcements have detailed changes to the Board of Directors, the appointment and resignation of directors, the role of the Company Secretary and the relocation of the head office to Perth to reduce costs. Besra’s communications emphasise board visits to the Bau Project site, meetings with local stakeholders and the implementation of Community and Government Stakeholder Engagement Strategies.
This news page aggregates such project, technical, governance and strategic review updates for Besra Gold Inc CDI. Readers can use it to track how the company’s approach to the Bau Gold Project evolves over time, with particular attention to tenure status, resource reporting and board-level decisions that may influence the project’s future direction.
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.
Besra Gold Inc. (ASX: BEZ) has appointed Mr. Jeremy Wickens, a partner at Norton Rose Fulbright Australia, as independent chair for their upcoming annual general and special meeting scheduled for December 20, 2024. The Board has amended By-Law No. 1 to enable this appointment, which previously required Mr. Lim (Chairperson) or other designated officers to preside over shareholder meetings.
The amendment requires shareholder confirmation at the meeting through an ordinary resolution passed by simple majority. The Board unanimously recommends shareholders vote FOR the amendment, viewing it as aligned with best corporate governance practices. The amendment documentation is available on SEDAR+ and Besra's website.
Besra Gold Inc. (ASX: BEZ) has announced a significant leadership change as Dato' Lim Khong Soon steps down from his position as Chair while maintaining his role as Non-Executive Director. The decision stems from Mr. Lim's recognition that the company's future growth and development would benefit from having a dynamic, experienced, and independent mining executive in the Chair position.
The Board has expressed support for Mr. Lim's decision and will begin an extensive search for a highly qualified candidate to guide Besra's transition into gold production. The announcement was authorized by Directors CL Lee and M Higginson.
Besra Gold Inc. (ASX: BEZ) has announced the distribution of management information circular and related documents for its annual general and special meeting scheduled for December 20, 2024, at 12:30 pm Sydney time. Due to an ongoing postal strike in Canada, the company has implemented alternative delivery methods, including courier service for registered Canadian shareholders and electronic access through SEDAR+ and the company's website.
The meeting materials include financial statements and MD&A for the year ended June 30, 2024, and the quarter ended September 30, 2024. Shareholders can vote online at www.investorvote.com or by phone, with proxies required 48 hours before the meeting. The deadline for director nominations closed on November 1, 2024.
Besra Gold Inc (ASX: BEZ) has released its condensed interim consolidated financial statements for the three months ending September 30, 2024. The unaudited statements, published in United States dollars, provide a detailed overview of the company's financial performance during this period. The announcement was authorized by the Board of Besra Gold Inc and is available for full review on their official website. For more information, contact the Company Secretary, Michael Higginson, or Investor Relations Services, James Hamilton.
Besra Gold Inc (ASX: BEZ) has released its Management Discussion and Analysis (MD&A) report for the quarter ending September 30, 2024. The company has made the full report available on their website. No specific financial or operational details were provided in the press release announcement.
Besra Gold Inc (ASX: BEZ) has announced the release of its Notice of Meeting and Management Information Circular. The company has made the full announcement available on their website. The announcement was authorized by Besra's Board of Directors. Contact information for both Australasia and North America regions has been provided for further inquiries.
Besra Gold Inc. (ASX: BEZ) has announced plans to commence a deep diamond drilling program for metallurgical testing in early 2025. Under new Managing Director Matthew Antill, the company has revised its Jugan Project strategy to include a smaller open pit followed by potential underground development up to 400 meters deep. This new approach offers advantages over the 2013 Feasibility Study, including reduced surface disturbance, lower tailings volume, and decreased environmental impact. The project aims to utilize hydropower from the nearby Sarawak grid and expects to confirm large mineralization zones ranging from 10-80 meters wide with 200-400 meter strike lengths, suitable for low-cost bulk underground mining.
Besra Gold Inc. (ASX: BEZ) has addressed recent reports regarding a winding-up petition filed by the Malaysian Government against Quantum Metal Sdn Bhd (QM Malaysia). The petition was filed due to delayed tax payments. QM Malaysia, a subsidiary of Quantum Metal Exchange Inc, submitted an installment proposal to Malaysia's Inland Revenue Department on November 8, 2024. Besra clarified that this petition exclusively involves QM Malaysia and does not affect Quantum Metal Recovery Inc, Besra's largest CDI holder and Gold Purchase Agreement partner. The Inland Revenue Department is expected to withdraw the petition upon approval of the installment proposal.
Besra Gold (ASX: BEZ) has released its September 2024 Quarterly Activities Report. Detailed information can be accessed via the provided link. The announcement was authorized by the Board of Besra Gold. For more details, contact Michael Higginson in Australasia or James Hamilton in North America.
FAQ
What is the current stock price of Besra Gold (BESAF)?
What is the market cap of Besra Gold (BESAF)?
