https://www.miningweekly.com
Aggregate|Gold|PROJECT
Aggregate|Gold|PROJECT
aggregate|gold|project

Besra receives $10m from Quantum

11th October 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold developer Besra Gold has received the first $10-million from shareholder Quantum Metal Recovery under a $300-million gold purchase agreement.

Under the gold purchase agreement, Besra would sell Quantum refined gold from its Bau gold project, in Malaysia, or any other project owned to the company, until three-million ounces has been fulfilled, or aggregate deposits in an amount equivalent to the $300-million had been received from Quantum.


Besra has now received a total of $15-million from Quantum.

“Coming on the second anniversary of Besra’s listing, the transfer of the first $10-million underscores the progress Besra has made since listing and sets the company up well for its move back into commercial production, unlocking the undoubted potential of our exciting Bau project,” said Besra executive chairperson Dato’ Lim Khong Soon.

The funding would enable the Besra to fully fund production at its Bau gold project, as well as to fund the appraisal of other deposits within the Bau goldfield corridor.

Edited by Creamer Media Reporter

Comments

Latest News

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.172s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: