Asra Minerals (ASX:ASR) completes ownership of the Tarmoola station, Leonora

Asra Minerals (ASR) has completed the full ownership of its $4 million Tarmoola pastoral station and associated civil machinery.

  • Asra Minerals (ASR) completes the full ownership of its $4 million Tarmoola pastoral station and associated civil machinery
  • The company initially purchased the cattle station using $1 million from its cash fund and a $3 million loan from RiverFort Global Opportunities
  • The debt on the loan has now been repaid early from existing Asra funds, without the company needing to tap into the cash from a recent capital raising
  • Asra says it sees the station as part of its growth strategy and land-holding position in the Leonora region
  • Shares in Asra are trading at 1.6 cents at 11:46 am AEDT