Asara Resources Confirms Broad Gold Mineralisation Extensions at Massan Deposit

Phase 1 Drilling Extends Indicated Resource at Massan

West African gold explorer Asara Resources Limited (ASX:AS1) has announced encouraging results from its ongoing drilling programs at the Massan deposit, part of the flagship Kada Gold Project in Guinea. The latest assays from six drill holes totaling 1,157 metres in the Phase 1 Reverse Circulation (RC) and Diamond Drilling (DD) program confirm broad, continuous gold mineralisation extending northeast of the existing deposit core. Notably, drill hole MSRC26-017C returned 121 metres at 1.2 grams per tonne (g/t) gold from 18 metres depth, including higher-grade intervals such as 3 metres at 3.9 g/t from 50 metres.

These results build on the initial discovery of the northeastern extension first reported in February 2026, which included a 54-metre intercept at 2.3 g/t gold (MSRC26-013). The recent Phase 1 drilling also provides the first confirmation of down-dip continuity of this extension, with intercepts like 50 metres at 1.2 g/t from 111 metres (MSRC26-025) and 20 metres at 3.2 g/t from 147 metres (MSRC26-022), indicating mineralisation persists at depth beyond previous drilling limits.

Phase 2 Drilling Expands Inferred Resource Along Strike

In parallel, the Phase 2 Air Core (AC) and RC drilling program, comprising 11 holes totaling 1,114 metres, targets the expansion of the Inferred Mineral Resource footprint along the broader north-south mineralised corridor. Results confirm mineralisation extends more than 350 metres north of the 2023 Inferred Resource boundary, with intercepts such as 39 metres at 0.3 g/t gold from 20 metres (MSAC26-046), including a higher-grade 2 metres at 1.5 g/t from 82 metres.

These findings reinforce the district-scale potential of the Kada Project and align with Asara’s strategy to systematically increase resource confidence and size by upgrading Inferred resources to Indicated status and expanding the resource along strike. The Phase 1 program aims to extend the Indicated strike length from approximately 300 metres to at least match the 1,300 metres covered by the Inferred Resource, while Phase 2 focuses on drilling to appropriate spacing for Inferred classification along the 3,500-metre mineralised corridor.

Ongoing Drilling and Resource Growth Strategy

Drilling activities remain active, with a third RC rig recently deployed to accelerate the Phase 1 Indicated Conversion Programme. This addition complements the existing two RC rigs and one DD rig on site, supporting the company’s objective to systematically define the northeastern extension and deepen the resource base from an average depth of around 130 metres in the 2023 Mineral Resource Estimate (MRE) to approximately 250 metres.

Asara’s CEO Matt Sharples highlighted the significance of these results, stating they increase confidence in the scale and continuity of the mineralised system beyond the current resource footprint. He emphasised the growth potential in historically under-drilled areas and the ongoing confirmation of mineralisation along the broader north-south trend.

Kada Project’s Regional Potential and Historical Context

The Kada Gold Project, located within the Siguiri Basin in Guinea, hosts an Indicated and Inferred Mineral Resource Estimate of 30.3 million tonnes at 1.0 g/t gold for 923,000 ounces, predominantly in the Inferred category. The project area remains largely under-explored, with significant potential for additional oxide gold mineralisation. The geological setting is consistent with other major gold deposits in the region, such as the nearby Siguiri Gold Mine operated by AngloGold Ashanti.

Previous exploration by Newmont between 2009 and 2012 provided early-stage data, but Asara’s recent drilling programs are delivering more detailed and continuous mineralisation data. The company’s focused approach to resource conversion and expansion is supported by systematic drilling and rigorous sampling and assay protocols, as detailed in the JORC-compliant reporting.

These developments follow recent advances at the Kada Project, including significant auger geochemistry results delineating extensive gold anomalies and drill-ready targets, as reported in the company’s April 7 update. This broader exploration context underscores the potential for further discoveries and resource growth within the project area Asara Resources Advances Extensive Gold Targets at Kada Project with New Auger Results.