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Asara Resources Limited (ASX:AS1)

ALERT: Price-sensitive ASX Announcement for AS1
Current share price for AS1 : $0.145 0.015 (11.54%)+
Announcement
Release
7 Jul 2026 9:05AM
Price at Release
$0.130
Full Release
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Summary
Asara Resources Limited has announced ongoing positive results from its drilling programs at the Massan deposit within the Kada Gold Project in Guinea, West Africa. The recent assay results from both Phase 1 and Phase 2 drilling programs have highlighted significant gold mineralization, expanding the potential and scale of the deposit. The continued exploration efforts have identified broad and continuous gold mineralization and the discovery of multiple higher-grade zones within the north-south mineralized trend. A key development is the identification of a new mineralized zone approximately 700 meters south of the core Massan deposit, indicating significant exploration upside. Asara is actively working towards enhancing its geological understanding and expanding the resource through systematic drilling, with plans to upgrade existing resources from inferred to indicated categories. The company's focus remains on growing the mineral resource estimate at Kada, leveraging its operations in a geologically prospective region of the Siguiri Basin.
Key Points
  • 40 drill holes completed in Phase 1 with significant gold intersections.
  • Phase 2 drilling identified new mineralized zone 700m south of Massan deposit.
  • Drilling continues to expand and upgrade the Kada Gold Project resources.
  • Asara holds a 75% interest in the Kada project after funding feasibility studies.
  • Ongoing drilling aims to upgrade resources from inferred to indicated status.
  • Exploration confirms broad and continuous gold mineralization in Massan.
  • Significant exploration potential remains along the under-drilled mineralized corridor.
  • Asara focuses on its flagship Kada project while divesting interests in Chile.
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.