Investment in Besra

Gold has long been considered a safe haven, an asset hedge against inflation and a valuable commodity. But new gold deposits are becoming scarce.

Total Resources at Besra’s Bau Project exceed 3 million ounces of gold, and so positions it very much in the top-quartile of junior explorers. Further its Exploration Target(1) of 4.9 – 9.3 Moz underpins Besra’s strategy of increasing this Resource Inventory in the short to medium term to + 5Moz. Besra holds a direct and indirect 97.8% interest in Bau including a 92.8% equity adjusted interest.

Besra’s involvement in the Bau Project extends back to 2006 and since that time it has expended over US$40 million on exploration.

Today the Bau Project hosts a data base which exceeds 250,000 m of drilling, comprehensive geophysical and geochemical data sets and detailed metallurgical, processing and related studies.

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.

Proven experience

• Management and operations teams with depth and a proven track record including established operational experience at Bau
• Established network of in-country service providers

Focused strategy

• Resource delineation, metallurgical and processing activities all channelled into upgrading feasibility studies for future mine development
• Committed to optimising the development of Besra for all stakeholders