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An announcement from Golden Rim Resources Ltd ( (AU:AS1) ) is now available.
Asara Resources Limited has issued 275,294,461 fully paid ordinary shares to sophisticated and institutional investors as part of a placement announced in late July 2025. This move is in compliance with the Corporations Act, and the company has confirmed there is no excluded information required to be disclosed. The issuance of shares is expected to support Asara’s ongoing exploration and development activities, potentially enhancing its resource base and market positioning.
More about Golden Rim Resources Ltd
Asara Resources Limited is an ASX-listed exploration company with a portfolio of advanced mineral projects in Guinea, Burkina Faso, and Chile. Its flagship project is the Kada Gold Project in Guinea, which has a significant mineral resource estimate. The company also holds the Paguanta Copper and Silver-Lead-Zinc Project in Chile and has a joint venture agreement for the Loreto Copper Project.
Average Trading Volume: 2,105,669
Technical Sentiment Signal: Sell
Current Market Cap: A$53.96M
See more insights into AS1 stock on TipRanks’ Stock Analysis page.