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Asara Resources Limited (ASX:AS1)

ALERT: Price-sensitive ASX Announcement for AS1
Current share price for AS1 : $0.120 -0.025 (-17.24%)+
Announcement
Release
18 Jun 2026 8:54AM
Price at Release
$0.145
Full Release
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Summary
Asara Resources Limited has reported significant results from its drilling activities at the Kada Gold Project. The results demonstrate strong gold mineralization, with several high-grade gold intercepts identified in both oxide and fresh rock samples. Notably, holes such as MSRC26-097 and MSRC26-097B returned promising gold grades, highlighting the potential for resource expansion. The company is also focusing on divesting its non-core assets, such as the Paguanta Copper and Silver–Lead–Zinc Project in Chile, to concentrate on the Kada project. The report includes a detailed breakdown of significant intercepts and their respective gold grades, emphasizing the ongoing exploration success in the region, which continues to enhance the project's resource base.
Key Points
  • Strong gold mineralization observed at Kada Gold Project.
  • High-grade gold intercepts identified in multiple drill holes.
  • Focus on resource expansion through targeted drilling activities.
  • Divestment of non-core assets to concentrate on Kada project.
  • Detailed breakdown of intercepts and gold grades provided in the report.
  • Continued exploration success enhancing the project's resource base.
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.