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 currently controls, directly and indirectly, a 98.5% interest (93.8% on an equity-adjusted basis) in the Bau Gold Project located in Sarawak, East Malaysia.

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