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Asra Minerals Limited ( (AU:ASR) ) has issued an announcement.
Asra Minerals Limited has announced a 1 for 10 share consolidation following shareholder approval, effective from 29 August 2025. This move is part of a strategic effort to streamline the company’s share capital structure, with trading on a post-consolidation and deferred settlement basis until normal trading resumes on 9 September 2025. This consolidation is expected to enhance the company’s market positioning by reducing the number of shares and options, potentially increasing share value and attractiveness to investors.
More about Asra Minerals Limited
Asra Minerals Limited operates in the mining industry, focusing primarily on gold exploration and development. The company is involved in the Leonora Gold Project, located in the Eastern Goldfields of Western Australia, which is known for its rich gold deposits. Asra’s projects cover significant greenstone belts with geological similarities to nearby multi-million-ounce gold deposits, providing a strong foundation for growth in this prolific region.
Current Market Cap: A$8M
Find detailed analytics on ASR stock on TipRanks’ Stock Analysis page.