Asra Minerals Limited Asra Minerals Limited (ASX:ASR) engages in mineral exploration, primarily targeting gold and rare earth elements in Western Australia's Eastern Goldfields region. The company explores and develops properties including the flagship Mt Stirling Gold Project, spanning approximately 160 square kilometers near Leonora; Leonora North and Leonora South projects with targets such as Viserion, Stirling Well, Challenge, Eclipse, and Sapphire deposits hosting JORC-compliant resources like 111,000 ounces at 1.6 g/t gold (inferred) and 21,600 ounces at 2.1 g/t gold; Kookynie West; and historical sites like Orion-Sapphire, Diamantina, and Cosmopolitan featuring high-grade intercepts such as 6m at 166 g/t gold. Its portfolio also encompasses rare earth element (REE) prospects at Mt Stirling and past lithium interests at Lake Johnston and Lake Cowan projects, serving mining investors and resource developers in a premier gold district adjacent to multi-million-ounce operations by producers like Genesis Minerals.
Founded in 1981 and headquartered at 104 Colin Street, West Perth, Australia, the company rebranded from Torian Resources Limited in May 2022 to reflect its strategic focus on gold and REE assets, consolidating holdings into Northern and Southern Hubs totaling 936 square kilometers in the Leonora district.
Recent developments include a staged earn-in agreement announced in 2024 to acquire a 70% interest in the Kookynie East Gold Project from Kalgoorlie Mining Associates for AUD 3.5 million, adding a JORC resource of 200,000 ounces at 1.8 g/t gold and appointing Gold Road Resources founders Ian Murray and Ziggy Lubieniecki as strategic advisors; a $2.2 million placement in support of this deal; a $3.25 million capital raise in September 2025 at $0.02 per share, backed by institutional and high-net-worth investors including director participation, to fund extensive drilling at Leonora North and South; and ongoing 3,000-meter reverse circulation drilling programs at Challenge and Eclipse prospects following high-grade hits like 15m at 10.21 g/t gold.