- Business
- Besra Gold Inc. Besra Gold Inc. (ASX:BEZ) is an Australia-based gold exploration and development company focused on advancing the Bau Gold Project in Sarawak, East Malaysia. The company holds a 98.5% interest (93.8% on an equity-adjusted basis) in the project, which spans multiple mining leases covering approximately 1,340 square kilometers across the Bau Goldfield, including key deposits such as Jugan, Bekajang, Pejiru, and Sirenggok; the project hosts a JORC-compliant resource of approximately 72.6 million tonnes at 1.43 grams per tonne gold for 3.3 million ounces, with an exploration target of 4.9 to 9.3 million ounces, supported by over 250,000 meters of drilling, geophysical data, and metallurgical studies. Besra targets open-pit and underground mining opportunities, with primary focus on the Jugan deposit's updated mineral resource estimate of 13.5 million tonnes at 1.67 grams per tonne for 721,000 ounces across measured, indicated, and inferred categories; it pursues advanced processing solutions including partnerships for arsenic removal and gold recovery via GlassLock and CLEVR technologies with Dundee Technologies, geotechnical drilling programs totaling over 1,700 meters in 2025, down-hole televiewer surveys, backfill and paste studies, and groundwater investigations to support feasibility upgrades and pilot plant development. Founded in 1951 and formerly known as Olympus Pacific Minerals Inc., Besra maintains its principal place of business at Level 3, 16 Milligan Street, Perth, Western Australia 6000, with operations centered in Southeast Asia including historical production experience in Vietnam. Recent developments include a complete overhaul of its board of directors in June 2025, appointing David Izzard as Non-Executive Chair alongside John Blake and Matthew Greentree following a special shareholder meeting, with the new board conducting an on-site visit to Bau and initiating a comprehensive corporate and operational review to optimize project sequencing and reduce costs; the company advanced geotechnical and metallurgical drilling at Jugan, progressed mining lease renewals particularly for ML 05/2012/1D central to Jugan development, relocated its principal administrative office to Perth in July 2025, and addressed regulatory matters such as a Canadian cease trade order related to non-venture issuer reporting while filing interim financial statements and management's discussion and analysis for periods ended September 30, 2025.