Letter from the Managing Director

Letter from the Managing Director

Asra Minerals has achieved solid exploration progress across our entire portfolio in Western Australia’s prestigious Goldfields over the past few months, taking us closer to realising our potential as an emerging multi-commodity player.

In April, we were delighted to deliver a maiden Mineral Resource Estimate (MRE) at our 100%-owned Yttria Rare Earth Elements (REE) Deposit in our Northern Hub – a huge milestone for Asra. The MRE of 15Mt at 490ppm TREO has an exceptionally high ratio of 55% Heavy Rare Earth Oxides, highlighting the high prospectivity of the project.

Additionally, a REE Exploration Target has been determined at Mt Stirling, along strike of Yttria, presenting an exceptional opportunity to extend the current MRE.

Supporting this is the initial metallurgical results from Yttria that have indicated multiple pathways for high value extraction of REE, with exceptional results.
Altogether, this progress at our Yttria REE Deposit is an exciting step forward for the Company and our shareholders as we continue to work towards delivering the metals needed for global decarbonisation.

Further south of Mt Stirling, soil and rock chip sampling work at Kookynie West has identified large areas of anomalous lithium and REE in an area that is largely underexplored.

These positive results will guide further geochemical sampling activity across the 40km strike length of the project as we aim to collect more data from these relatively unknown areas.

Asra has remained focused on opportunities to expand our multi-commodity presence in the Goldfields, in line with our growth strategy.

This has been clearly demonstrated by the recent addition of two highly prospective tenements at the Lake Johnston Lithium Project in our Southern Hub.

The agreement to acquire these land parcels would see Asra secure rights for all commodities, including lithium, rare earths and gold, providing further potential for discovery in the highly prospective Southern Yilgarn region.

Asra’s amazing Exploration Team and special Consultants have also been working hard in the background on gold targeting and processing of all the historical data in our Northern Hub.

With a strong gold price, and lots of activity in the gold space around Kookynie and Leonora, exciting updates are on the horizon for Asra and its Gold Portfolio, situated in one of the world’s premier gold jurisdictions!

With more news anticipated in coming weeks, I look forward to meeting with investors at the RIU Sydney Resources Roundup this week, taking place May 7 to 9.

I will be presenting further details on Asra’s recent exploration activity on May 8 at 4.40pm AEDT, and I encourage anyone attending to come along and say hello.

Much like the RIU Explorers Conference in Fremantle earlier this year, the circuit will give us a chance to meet new and existing shareholders and network with other industry leaders.

It will present a fantastic opportunity to discuss our long-term outlook for Asra, which remains strong as we are well positioned to take advantage of the buoyant gold and critical minerals markets.

Asra’s achievements to date are testament to the hard work and commitment of our team and I thank them for their dedication.

I would also like to thank you for your continued support and I look forward to updating you on the progress at our ever-expanding multi-commodity portfolio in Western Australia.