Asra Minerals sharpens its exploration focus at the Mt Stirling gold project, unveiling promising new targets and securing $3.25 million to fund aggressive drilling campaigns.
- Mt Stirling Resource remains open for strike and depth extensions
- Hydra and Tyrannus prospects identified as high-priority exploration targets
- Recent $3.25 million capital raise supports expanded drilling programs
- Awaiting assay results from Leonora South drilling to guide next steps
- Ongoing technical studies aim to refine and optimise drill targets
Mt Stirling – A Foundation for Growth
Asra Minerals Ltd (ASX – ASR) has announced a strategic pivot to intensify exploration efforts at its Mt Stirling gold project, part of the broader Leonora North Gold Project in Western Australia. The company’s recent comprehensive review highlights the Mt Stirling Resource as a cornerstone asset, with a JORC-compliant gold resource of 137,000 ounces that remains open along strike and at depth. This openness signals significant potential for resource expansion through systematic step-out drilling.
Managing Director Paul Stephen emphasised that the recent $3.25 million capital raising places Asra in a strong position to pursue these high-value targets aggressively. The company’s revitalised exploration strategy is designed to unlock further value across its extensive landholding in a region renowned for prolific gold discoveries.
New Targets – Hydra and Tyrannus Prospects
Two key prospects have emerged as focal points for upcoming drilling campaigns. The Hydra prospect, located about one kilometre northwest of the Mt Stirling Resource, has already demonstrated primary gold mineralisation, including a notable intercept of 2 metres at 2.6 grams per tonne gold. The area between Hydra and Mt Stirling remains largely untested, presenting a significant exploration opportunity along a connecting fault.
Similarly, the Tyrannus prospect lies approximately 500 metres northeast of Mt Stirling on a parallel fault structure. Previous drilling has confirmed multiple shallow gold intercepts, reinforcing the prospect’s potential as a parallel mineralised system. Both prospects are now prioritised for follow-up exploration, supported by ongoing geochemical sampling and structural analysis.
Broader Leonora South Progress and Technical Insights
Beyond Mt Stirling, Asra is awaiting assay results from maiden drilling at the Eclipse and Challenge prospects within the Leonora South Gold Project near Kookynie. Early composite samples have shown promising grades, with results expected in October to inform the next phase of exploration. This complements the company’s broader strategy to expand resources at the Orion-Sapphire deposit and other targets.
Technical studies are also underway to reinterpret the Stirling Well Resource, a smaller deposit within the Mt Stirling project area. Preliminary reviews suggest additional untested gold mineralisation may exist at depth, offering another avenue for resource growth pending further drilling.
Positioned for Growth in a Prolific Gold District
Asra’s Leonora projects sit within the Eastern Goldfields Super Terrane, a globally recognised gold province hosting multi-million-ounce deposits and operating mines. The company’s substantial land position, combined with its focused exploration approach and fresh capital, positions it well to capitalise on the region’s potential. With ongoing technical refinement and targeted drilling, Asra aims to deliver meaningful resource growth and value creation for shareholders.
Bottom Line?
Asra Minerals’ sharpened focus and fresh capital set the stage for a pivotal exploration phase at Mt Stirling and beyond.
Questions in the middle?
- How will upcoming assay results from Leonora South influence Asra’s exploration priorities?
- What are the timelines and expected scale for drilling programs at Hydra and Tyrannus?
- Could reinterpretation of Stirling Well lead to a significant resource upgrade?