Asara Resources reveals a robust 923,000-ounce gold resource at its Kada Project in Guinea’s prolific Siguiri Basin, setting the stage for extensive drilling and expansion in 2025.
- 923Koz gold Mineral Resource Estimate at Kada Project
- Planned 33,600m drilling campaign in 2025 to expand and upgrade resources
- Shallow, free-milling oxide gold deposits with high recovery rates
- License applications could increase landholding to 348km² along Siguiri trend
- Strategic partnerships advancing critical metals projects in Chile
Strategic Positioning in West Africa’s Gold Heartland
Asara Resources Limited has provided a comprehensive update on its flagship Kada Gold Project, situated in the heart of Guinea’s Siguiri Basin, a region responsible for nearly 18% of West Africa’s gold production. The project boasts a Mineral Resource Estimate (MRE) of 923,000 ounces of gold, predominantly hosted in shallow, free-milling oxide deposits that promise straightforward processing and high recovery rates.
The Siguiri Basin is a well-established gold province, home to several major operators including AngloGold Ashanti and Predictive Discovery. Asara’s Kada Project lies just 35 kilometres along strike from AngloGold Ashanti’s Siguiri Gold Mine, benefiting from excellent infrastructure and a mining-friendly jurisdiction with low security risks.
Resource Highlights and Growth Potential
The current resource is anchored by the Massan and Bereko deposits, with Massan alone containing approximately 907,000 ounces of gold across inferred and indicated categories. Notably, 40% of the oxide resource is classified as indicated, reflecting a solid base of confidence. The deposits feature low strip ratios and soft, potentially free-digging material, which could translate into lower mining costs.
Asara plans an aggressive drilling program in 2025, comprising 24,000 metres of Reverse Circulation (RC) and 9,600 metres of Diamond drilling. The initial phase aims to infill and enhance confidence within the core resource, while the second phase targets extensions along strike and at depth. This drilling campaign is designed to unlock the significant upside potential along the 15-kilometre gold corridor, of which only 10% has been explored to date.
Expanding Footprint with License Applications
Beyond the existing tenements, Asara has applied for additional licenses, Banan (99 km²), Talico (94 km²), and Syli (49 km²), which, if granted, would expand the contiguous landholding to 348 km². These licenses lie along the same structural corridor as Massan and Bereko and feature extensive artisanal workings, indicating promising exploration targets. The company plans geophysical surveys and auger drilling to delineate new prospects, potentially developing multiple satellite deposits around a central processing hub.
Parallel Progress in Chilean Critical Metals Projects
Complementing its West African gold focus, Asara continues to advance its critical metals portfolio in Chile. The company holds a 73% interest in the Paguanta silver-zinc-lead project, which hosts a substantial resource of 2.4 million tonnes grading 9.7% zinc equivalent. Additionally, Asara has partnered with Teck Resources on the Loreto copper project, where Teck can earn up to 75% by funding exploration. Early geophysical and geochemical work has yielded encouraging results, positioning Asara well in the copper space amid growing global demand.
Community Engagement and ESG Commitment
Asara underscores its commitment to sustainable development and local empowerment. The company supports education and infrastructure improvements in villages surrounding the Kada Project, employing local staff and engaging community stakeholders. Environmental stewardship is a priority, with best practice remediation and sustainable exploration techniques in place to minimize impact.
Bottom Line?
Asara’s 2025 drilling campaign and license expansions could redefine its resource base, but investors will watch closely for exploration results and regulatory approvals.
Questions in the middle?
- Will the 2025 drilling confirm significant resource upgrades or extensions at Kada?
- How soon might the Banan and Talico licenses be granted, and what impact will they have on exploration plans?
- What are the prospects for advancing the Chilean projects amid global critical metals demand?