Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Asra Minerals Limited ( (AU:ASR) ) just unveiled an announcement.
Asra Minerals Limited has commenced a 1,300-meter drilling program at its Leonora South Gold Project, targeting the down-dip extensions of the high-grade Orion and Sapphire deposits. This initiative aims to confirm the continuity of mineralization at depth and evaluate the potential for resource expansion. The program, which includes both Reverse Circulation and Diamond Tail drilling, is expected to take 3-4 weeks, with initial assay results anticipated within 6-8 weeks. The company has secured key drilling contractors and established a drill-for-equity agreement to optimize capital management. This exploration effort is part of Asra’s strategic plan to expand its resource base and enhance its market position in the gold mining sector.
More about Asra Minerals Limited
Asra Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold, with a particular emphasis on projects in the Leonora region.
Current Market Cap: A$6.77M
For an in-depth examination of ASR stock, go to TipRanks’ Stock Analysis page.