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Asra Minerals Limited (ASX:ASR)

ALERT: Price-sensitive ASX Announcement for ASR
Current share price for ASR : $0.021 -0.003 (-12.50%)+
Announcement
Release
8 Sep 2025 9:56AM
Price at Release
$0.024
Full Release
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Summary
Asra Minerals Ltd has successfully raised $3.25 million through a placement of 162,500,000 new shares at $0.02 each to accelerate exploration at its Leonora Gold Projects in Western Australia. The funds will be directed towards extensive drilling and exploration programs, particularly at the Leonora North and South projects, to expand and explore new high-priority targets. The placement was supported by existing shareholders and new high-profile investors. Asra's directors have committed to investing $100,000, subject to shareholder approval, showing strong alignment with the company's strategy.
Key Points
  • Raised $3.25 million through placement of 162,500,000 new shares.
  • Funds to accelerate exploration at Leonora Gold Projects.
  • Drilling planned at Leonora North and South to expand and explore new targets.
  • Support from existing shareholders and new high-profile investors.
  • Directors committed to $100,000 investment, subject to approval.
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.