Asara Resources Strengthens Focus on Kada Gold Project

Golden Rim Resources Ltd (AU:AS1) has released an update.

Asara Resources Ltd has secured a US$950,000 investment to boost its exploration activities at the Kada Gold Project in Guinea, and has sold its Burkina Faso gold assets for US$2.2 million to focus on this flagship project. The company plans to resume exploration post-rainy season and has appointed key technical consultants to facilitate this work. Meanwhile, Asara is in discussions to divest its non-core Paguanta project in Chile, further aligning its resources towards Kada.

For further insights into AU:AS1 stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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