Besra Gold Inc. Initial Public Offering Now Open
Besra is a gold mining company focused on exploration and development of the Bau Goldfield in East Malaysia.
Besra currently controls, directly and indirectly, a 92.0% interest (87.1% on an equity-adjusted basis) in the Bau Gold Project located in Sarawak, East Malaysia. This will increase to a 97.8% interest (92.8% on an equity adjusted basis) following completion of listing when Besra intends to undertake its business strategy in order to advance its interests in the Bau Gold Project.
The Bau Gold Project contains multiple brownfield exploration projects, and hosts a combined JORC 2012 Resource of 72.6 Mt at 1.43 g/t Au for 3.3 million ounces of gold as well as an Exploration Target ranging between 4.9 and 9.3 Moz (1) (on a 100% basis).
1) The potential quantity and grade of the Exploration Targets is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration work will result in the estimation of a Mineral Resource.