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Asra Minerals Limited ( (AU:GA8) ) has provided an update.
GoldArc Resources has reported highly encouraging soil and rock-chip results from its Leonora North Gold Project, highlighting multiple high-grade samples and the discovery of two new gold anomalies, S6 and S7, near the Mt Stirling and Mt Stirling Well deposits. The findings reinforce the high-grade potential of the area and suggest that several undrilled anomalies could host additional shallow resources.
The company plans extensive follow-up work, including a 30,000-metre reverse circulation drilling program at Mt Stirling and Mt Stirling Well starting in February 2026 and an 8,500-metre development drilling campaign across several nearby deposits from March 2026. This aggressive 2026 exploration and development schedule underscores GoldArc’s strategy to grow its resource base at Leonora North and strengthen its position in the Western Australian gold sector.
The most recent analyst rating on (AU:GA8) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Asra Minerals Limited stock, see the AU:GA8 Stock Forecast page.
More about Asra Minerals Limited
GoldArc Resources Limited is an ASX-listed exploration company focused on gold projects in Western Australia’s Leonora region. Its primary assets include the Leonora North Gold Project, encompassing the Mt Stirling and Mt Stirling Well deposits, where the company is systematically advancing resource development through soil surveys, rock-chip sampling and reverse circulation drilling.
Average Trading Volume: 1,747,631
Technical Sentiment Signal: Sell
Current Market Cap: A$37.79M
For a thorough assessment of GA8 stock, go to TipRanks’ Stock Analysis page.