BEZ – Besra Gold | Aussie Stock Forums

Besra Gold (BEZ) was delisted from the close of trading on Monday, 31 August 2015; the company was removed from the Official List pursuant to Listing rule 17.15 on 01/09/2015 …… And is now looking to relist on 03 Sept 2021.

Application has been made to the Australian Securities Exchange to list the Company’s CDIs

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 (on a 100% basis)

Besra also opened Vietnam’s first modern gold mine at Bong Mieu, followed five years later by the plant at Phuoc Son. At the time, they formed the largest gold mining operation in the country until Besra divested its interests there in July 2017.

Besra Gold Inc is seeking to list on the Australian Securities Exchange (ASX) and has lodged its Prospectus to raise between A$10 million and A$12.5 million, by the issue of between 50,000,000 and 62,500,000 Chess Depository Interests (each CDI will represent one common share in Besra) by Besra at A$0.20 per CDI. The Offer is being arranged by Canaccord Genuity (Australia) Limited.

The Prospectus is available to qualified investors at https://besraoffer.thereachagency.com

Funds raised pursuant to the Offer will be used to significantly advance drilling and development plans at the Company Bau gold project in East Malaysia.

The Bau gold project covers an 8 km x 15 km heavily gold-endowed fairway, with 6 major deposits and >20 additional prospects.
Bau hosts a potentially world class, large scale, advanced and shallow gold asset: including a JORC 2012 Resource of 72.4Mt @ 1.43g/t Gold for 3.3Moz and an Exploration Target of a further 87 to 112Mt @ 1.72 to 2.55g/t Gold for 4.9 to 9.3Moz.

Besra has spent over US$40m (A$62m) on Bau historically, creating a comprehensive data base, including >250,000m of drilling.