Bau Gold Project Now Holds 2.28 Million Ounces at 1.3g/t, Besra Reports

Updated Resource Reflects Realistic Project Scope

Besra Gold Inc (ASX, BEZ) has announced a significant update to the mineral resource estimate for its flagship Bau Gold Project in Sarawak, Malaysia. The revised JORC 2012-compliant resource totals 53.0 million tonnes at an average grade of 1.3 grams per tonne gold, equating to 2.28 million ounces of contained gold. This update incorporates all drilling data up to February 2025 and reflects more conservative and realistic assumptions about economic extraction, land access, and mining constraints.

Balancing Quantity with Quality

While the total contained gold and tonnage have decreased compared to the 2021 estimate, the update importantly shows an increase in the measured resource category and an improved overall grade. This shift indicates a higher confidence in the quality and economic viability of the resource, providing a stronger foundation for development planning. The resource update was independently verified by Widenbar and Associates Pty Ltd, ensuring technical rigor.

Geological and Operational Considerations

The updated resource encompasses four principal deposits, Jugan, Pejiru, Sirenggok, and Bekajang. Each deposit remains open at depth and along strike, suggesting potential for future resource growth with additional drilling. The resource estimate now accounts for constraints such as urban encroachment, national park boundaries, and permit renewals, which have led to the exclusion or reduction of some previously reported areas like Say Seng and Taiton.

Strategic Next Steps and Lease Renewal

Besra is prioritizing the renewal of its key mining leases, notably ML 05/2012/1D, with ongoing discussions involving the Sarawak State Minerals & Mining Authority and support from the Australian Department of Foreign Affairs & Trade. The company is also conducting a detailed technical review of the Bau Project in collaboration with MineScope Services, expected to conclude by the end of October 2025. This review will inform the company’s refreshed development strategy as it advances towards production.

A Long-Term Growth Asset

Despite the reduction in total ounces, Besra’s Technical Director Dr Matthew Greentree emphasized that the updated resource represents a more robust and realistic asset, underpinning the company’s ambition to become a gold producer. The Bau Gold Project’s significant contained gold and improved resource confidence position it as a valuable long-term growth opportunity for shareholders.