Asra Minerals Limited (ASX:ASR)

Paul Summers
Exec Chairman
Market Cap (AUD): 37.52M
Sector: Materials
Last Trade (AUD): 0.028 +0 (+0%)
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1. About

Asra Minerals Limited (ASX:ASR), formerly Torian Resources Ltd (ASX:TNR), owns the Mt Stirling Project in Western Australias Eastern Goldfields which hosts 10 advanced gold prospects, as well as a unique and abundant inventory of clean heavy rare earths elements and critical minerals. 

Located near the mining towns of Leonora and Kalgoorlie, Mt Stirling has a current JORC compliant total mineral resource estimate of 118,400 gold ounces and neighbours Red 5s King of the Hills mine. 

The region has recently produced approximately 14Moz of gold from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia. 

Mt Stirling is nearby to excellent infrastructure including road, rail and mills.

A high ratio of heavy rare earths to total rare earths (0.65 to 1) and a lack of radioactivity distinguish the Companys Yttria and Wishbone prospects which host all five of the most critical HREEs: dysprosium, terbium, europium, neodymium and yttrium, as well as significant anomalous concentrations of cobalt and scandium.a.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk