Asara Ramps Up Drilling and Pursues Acquisitions to Expand Guinea Gold Footprint

Golden Rim Resources Ltd ( (AU:AS1) ) has issued an announcement.

Asara Resources reported a busy December 2025 quarter, highlighted by completion of 34 Phase 1 drillholes totaling 7,857m at the Massan Deposit, which demonstrated strong continuity and depth extensions of mineralisation beyond the US$1,800/oz pit shell. The company also kicked off a substantial Phase 2 20,000m air core and reverse circulation drilling campaign aimed at expanding the Massan Inferred Resource footprint to more than 3.5km along strike, alongside a 15,000m auger drilling program and BLEG gold-in-soil sampling to refine regional targets. Complementing these exploration efforts, Asara moved to expand its regional footprint through a binding Heads of Agreement to acquire Arafura Ouest PTE Ltd, owner of the Damissa Koura and Kankan West projects in Guinea, and progressed several adjoining permit applications, underscoring a strategy to scale up its presence and resource base in the Siguiri Basin.

The most recent analyst rating on (AU:AS1) stock is a Sell with a A$0.10 price target. To see the full list of analyst forecasts on Golden Rim Resources Ltd stock, see the AU:AS1 Stock Forecast page.

More about Golden Rim Resources Ltd

Asara Resources Limited is a West African gold exploration company listed on the ASX, focused on its flagship Kada Gold Project in Guinea’s Siguiri Basin, a well-established gold-producing district. The company controls a strategically located and highly prospective land package along the Siguiri Gold Trend, targeting the Massan and Bereko deposits and pursuing additional regional growth through acquisitions and adjacent permit applications.

Average Trading Volume: 2,561,242

Technical Sentiment Signal: Buy

Current Market Cap: A$158.7M

For an in-depth examination of AS1 stock, go to TipRanks’ Overview page.