InvestSMART

Asara Resources Limited (ASX:AS1)

ALERT: Price-sensitive ASX Announcement for AS1
Current share price for AS1 : $0.115 -0.015 (-11.54%)+
Announcement
Release
6 May 2026 9:13AM
Price at Release
$0.130
Full Release
download
Summary
Asara Resources Limited (ASX: AS1) announced a trading halt on 6 May 2026, pending a capital raising announcement. The halt will continue until the earlier of either the announcement's release or the commencement of trading on 8 May 2026. The company is focusing its efforts on the Kada Gold Project in Guinea, where it aims to expand its mineral resource estimate. Asara owns a 75% interest in the project and is preparing a Definitive Feasibility Study. Additionally, Asara is divesting some of its Chilean assets to concentrate resources on Kada.
Key Points
  • Asara Resources Limited requested a trading halt on 6 May 2026.
  • The trading halt is pending an announcement regarding capital raising.
  • Trading will resume either on 8 May 2026 or after the announcement is made.
  • The company is focused on the Kada Gold Project in Guinea, aiming to increase its mineral resource estimate.
  • Asara holds a 75% interest in the Kada project and is working on a Definitive Feasibility Study.
  • The company is also involved in projects in Chile, with plans to divest from certain assets to concentrate on Kada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.