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Besra Gold Inc (ASX:BEZ)

ALERT: Price-sensitive ASX Announcement for BEZ
Current share price for BEZ : $0.080 -0.025 (-23.81%)+
Announcement
Release
13 May 2026 8:59AM
Price at Release
$0.105
Full Release
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Summary
Besra Gold Inc has received a Conditional Offer from Sarawak authorities for the renewal of its Mining Lease ML 05/2012/1D, which covers the Jugan Resource area within the Bau Gold Project. The offer includes conditions such as a 5% royalty on gold produced, a mine rehabilitation security deposit, CSR contributions, and compliance with applicable laws, with a lease term set for three years. Besra has 60 days to respond, and while the offer indicates government support for future mining endeavors, it remains subject to State Cabinet approval. Besra is actively engaging with the Sarawak Government to seek clarification on the conditions and ensure alignment with its staged development plans. The announcement of this progress was made on 13 May 2026.
Key Points
  • Conditional Offer for renewal of Mining Lease ML 05/2012/1D received from Sarawak authorities.
  • Offer includes a 5% royalty on gold produced, a mine rehabilitation security deposit, CSR contributions, and compliance with laws.
  • The lease term is set for three years.
  • Besra Gold Inc has 60 days to respond to the offer.
  • The renewal conditions are subject to State Cabinet approval.
  • Besra seeks further clarification on the renewal conditions and alignment with development plans.
  • The renewal framework indicates governmental support for future mining projects in the Bau Goldfield Corridor.
  • Ongoing dialogues with Sarawak Government continue to clarify conditions.
  • Announcement made by Besra Gold Inc on 13 May 2026.
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.