Asara Resources Reports Robust Drilling at Massan Deposit

Strong Intercepts Reinforce Massan's Core and Extensions

Asara Resources (ASX:AS1) continues to build momentum at its flagship Kada Gold Project in Guinea, unveiling compelling assay results from 37 drill holes totaling 5,625 metres in its Phase 1 program. Highlights include an 87-metre intercept grading 1.3 grams per tonne (g/t) gold from drill hole MSRC26-097B, featuring a 6-metre section at 4.3 g/t. Other notable intercepts include 22 metres at 2.8 g/t from MSRC26-071 and 13 metres at 4.6 g/t from MSRC26-077, with high-grade intervals within these broader zones.

These results validate earlier geological models, particularly the presence of northeast-trending cross-cutting structures that extend mineralisation beyond the previously defined Massan core. This structural insight is crucial as it opens up new zones that had not been drilled before, suggesting a larger mineralised system than initially mapped.

Dual Strategy Targets Resource Upgrade and Expansion

The company’s drilling approach is twofold: converting existing Inferred Resources to the higher-confidence Indicated category while simultaneously expanding the Inferred Resource footprint along strike. Phase 1 focuses on deepening drill coverage from an average of 130 metres in the 2023 Mineral Resource Estimate (MRE) to approximately 250 metres, aiming to extend the Indicated strike length from around 300 metres to align with the 1,300-metre Inferred footprint.

Meanwhile, Phase 2 employs Air Core and Reverse Circulation drilling to systematically test and grow the Inferred Resource along the 3.5-kilometre mineralised corridor. The company plans to upgrade promising areas from Phase 2 into Phase 1’s Indicated Conversion program, reflecting a dynamic and responsive exploration strategy.

Structural Expertise Engaged Ahead of Resource Update

To sharpen geological and structural interpretations ahead of the planned Mineral Resource Estimate update in August 2026, Asara has enlisted TECT Geological Consulting, a specialist in structural geology. This partnership aims to enhance confidence in resource modelling and refine regional exploration targets, potentially unlocking further value across the Kada Project.

Managing Director Matthew Sharples emphasised the significance of these results, noting that drilling at indicated spacing confirms continuity and broad high-grade zones. He highlighted that evolving grade shell interpretations are identifying mineralisation beyond initial expectations, driving additional drilling to test these extensions.

Drilling Progress and Project Context

Since March 2025, Asara has completed over 50,000 metres of combined Reverse Circulation, Air Core, and Diamond Drilling, surpassing the 48,000 metres underpinning the 2023 MRE. Multiple rigs are currently operational on site, underscoring the company’s commitment to advancing the project swiftly.

The Kada Gold Project already hosts a substantial resource of 30.3 million tonnes at 0.95 g/t gold for 923,000 ounces, predominantly shallow oxide and transitional mineralisation. Asara holds a 75% interest in Kada, having earned an additional 24% stake in 2022 by funding feasibility studies. The project’s location in the underexplored Siguiri Basin, near AngloGold Ashanti’s >10 million ounce Siguiri Mine, adds to its strategic appeal.