InvestSMART

Asara Resources Limited (ASX:AS1)

ALERT: Price-sensitive ASX Announcement for AS1
Current share price for AS1 : $0.110 -0.02 (-15.38%)+
Announcement
Release
22 May 2026 9:21AM
Price at Release
$0.130
Full Release
download
Summary
Asara Resources Limited has announced promising results from its Kada Gold Project in Guinea, focusing on the Northeast high-grade extension of the Massan deposit. The latest drilling results from the Phase 1 Reverse Circulation (RC) and Diamond Drilling (DD) program reveal significant mineralisation, including notable intercepts of 40m @ 4.5g/t Au and 59m @ 2.1g/t Au. The company is pursuing a dual strategy to upgrade Indicated Mineral Resources and expand the Inferred Resource footprint. The ongoing drilling is aimed at increasing resource confidence along the 3.5km mineralised trend. Asara owns a 75% interest in the Kada project and is focused on its growth potential.
Key Points
  • Northeast high-grade extension delivers strong results.
  • Significant drilling intercepts include 40m @ 4.5g/t Au.
  • Drillhole MSRC26-077B confirms optimal drill orientation.
  • Phase 2 Inferred program intersects continuous mineralisation.
  • Resource growth strategy focuses on Indicated and Inferred expansion.
  • Asara holds 75% interest in the Kada Gold Project.
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.