InvestSMART

Besra Gold Inc (ASX:BEZ)

ALERT: Price-sensitive ASX Announcement for BEZ
Current share price for BEZ : $0.088 -0.022 (-20%)+
Announcement
Release
29 Apr 2026 3:40PM
Price at Release
$0.110
Full Release
download
Summary
Besra Gold Inc, listed on the ASX as BEZ, released its March 2026 Quarterly Activities Report. Key highlights include the conditional approval of the renewal of Mining Lease ML 05/2012/1D, securing the continuity of tenure over the Jugan deposit within the Bau Gold Project. The company continued its strategic review initiatives, including restructuring Malaysian operations. Financially, the firm reported cash and cash equivalents at the end of the period at $10.375 million, with a net cash usage of $739,000 from operating activities over the quarter. Besra did not generate revenue from operations, with all funds used primarily for staff costs, administration, and exploration activities. The company also maintained a positive community engagement strategy, focusing on aligning local stakeholders with its mining operations. Legal proceedings involving Besra were noted, including cases against former directors related to dealings with Quantum Metal Recovery Inc.
Key Points
  • Conditional approval of Mining Lease ML 05/2012/1D renewal.
  • Continuation of strategic and cost review initiatives.
  • Cash equivalents of $10.375 million at quarter-end.
  • Net cash used in operating activities totaled $739,000.
  • Engagement with local communities and stakeholders.
  • Ongoing legal proceedings involving former directors.
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.