Asra Minerals Limited (AU:ASR) has released an update.
Asra Minerals Limited has announced the sale of the Tarmoola Pastoral Lease to Red 5 Limited for $3 million, enhancing the company’s cash reserves to further its exploration strategy. The deal allows Asra to keep the Tarmoola Exploration Camp, which is crucial for its extensive drilling campaigns at the Mt Stirling and Kookynie Gold Projects. The sale is a strategic move to strengthen Asra’s financial position and focus on expanding its gold resources in Western Australia’s Goldfields.
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