Updated 2.28M oz Mineral Resource Estimate Sets Robust Foundation for Refreshed Development Strategy

Rhea-AI Summary

Besra Gold Inc (ASX: BEZ) announced an updated JORC 2012 Mineral Resource Estimate (MRE) for the Bau Gold Project in Sarawak, Malaysia on October 21, 2025. The update is the first major resource revision since the 2021 MRE and incorporates an updated MRE for the Jugan deposit (released 31 March 2025). The Bau project is held 98.5% by the company's Malaysian subsidiary North Borneo Gold Sdn Bhd. The release headline cites a 2.28M oz updated mineral resource figure as the basis for a refreshed development strategy.

Positive

• Updated MRE reported at 2.28M oz
• 98.5% ownership via North Borneo Gold Sdn Bhd
• First major resource update since 2021

Negative

• None.

News Market Reaction – BESAF

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-60.00% News Effect

On the day this news was published, BESAF declined 60.00%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Perth, Western Australia--(Newsfile Corp. - October 21, 2025) - Besra Gold Inc (ASX: BEZ) ("Besra" or the "Company") is pleased to announce an updated JORC 2012 Mineral Resource Estimate (MRE) for the Company's Bau Gold Project in Sarawak, Malaysia, which is 98.5%-owned by the Company's Malaysian subsidiary, North Borneo Gold Sdn Bhd (NBG). This is the first major Resource update since the 2021 MRE (ASX: 6 October 2021) and includes an updated MRE for the Jugan deposit (ASX: 31 March 2025).

You are invited to click the link below to read this announcement in full.

https://www.besra.com/21-10-2025-updated-mineral-resource-estimate-bez/

About Besra - www.besra.com

Besra is a gold exploration company focused on exploring and developing the Bau Goldfield in East Malaysia.

For further information:

Australasia

Michael Higginson
Company Secretary
Email: michael.higginson@besra.com

North America

James Hamilton
Investor Relations Services
Mobile: +1 416 471 4494
Email: jim@besra.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271357

FAQ

What did Besra Gold (ASX: BEZ) announce on October 21, 2025 about the Bau Gold Project?

Besra announced an updated JORC 2012 MRE for Bau, citing a 2.28M oz updated resource and noting the Jugan deposit update.

How much of the Bau Gold Project does Besra own as of October 21, 2025?

The Bau Gold Project is held 98.5% by Besra's Malaysian subsidiary, North Borneo Gold Sdn Bhd.

When was the previous major MRE for Besra's Bau Gold Project before the 2025 update?

The previous major MRE was released in 2021.

Does the October 21, 2025 announcement include the Jugan deposit MRE for Besra (ASX: BEZ)?

Yes; the update incorporates an updated MRE for the Jugan deposit (reported 31 March 2025).

Where can investors read the full Besra Gold MRE announcement dated October 21, 2025?

The company published the full announcement and supporting details on its corporate website via the October 21, 2025 release link.