Core Viewpoint - Besra Gold Inc has conducted an independent technical review of the Bau Gold Project in Malaysia, focusing on operational clarity, governance, and the renewal of mining leases, which are critical for project advancement [1][2][4]. Group 1: Technical Review Findings - The independent review by Minescope Services highlighted the need for the renewal of expired mining leases and transparency from the Sarawak Government regarding delays [2][4]. - The October 2025 Mineral Resource Estimate indicates a reduction in total contained gold, necessitating the identification of additional ore sources for future development [4]. - The main deposits are spread over approximately 15 km, requiring community engagement for access to a central processing facility [4]. - Metallurgical complexity across deposits necessitates further testing to determine a suitable processing flowsheet [4]. - The southern portion of the Bau Project, particularly the Pejiru area, has a large Inferred Mineral Resource with less complex metallurgy, suggesting potential for streamlined permitting [4]. Group 2: Strategic Focus and Next Steps - The company is prioritizing government and stakeholder engagement to secure the renewal of the key ML 05/2012/1D Mining Lease, with all other exploration activities on hold until this is achieved [6][8]. - A structured engagement strategy with the local community and government has been approved to build trust and operational readiness [7]. - The company plans to digitize its historical exploration data to prepare for future exploration and development once the necessary tenure is secured [8]. - A disciplined exploration program is recommended to expand resources at the Pejiru and Sirenggok deposits, which face fewer tenure risks [11].

Perth, Western Australia--(Newsfile Corp. - September 3, 2025) - We refer to the Company's ASX announcement released on 1 July 2025, which pertains to the legal proceedings in the Supreme Court of Victoria between Besra Gold Inc. (ASX: BEZ) (the Company) and Jura Trust Limited (Jura) (the Proceedings).The Company advises that it has resolved the Proceedings on mutually agreeable, confidential terms with Jura.The Company confirms that it is in compliance with ASX Listing Rule 3.1.This announcement was autho ...

Besra Gold Inc.'s Newly Appointed Directors Visit Bau Project Site and Commence Strategic Corporate Review August 06, 2025 2:47 PM EDT | Source: Besra Gold Inc. HIGHLIGHTS Perth, Western Australia--(Newsfile Corp. - August 6, 2025) - Besra Gold Inc (ASX: BEZ) advises that, following the recent election of a new Board of Directors, all members of the new Board have completed a site visit to the Company's Bau Gold Project in Sarawak, Malaysia and commenced a detailed strategic review of all aspects of the Com ...

Core Viewpoint - Besra Gold Inc. has issued a statement addressing misleading claims made by Quantum Metal Recovery Inc., emphasizing that Quantum's actions could harm shareholder value and that Besra's independent directors are exploring legal options to counter these misrepresentations [1][2]. Group 1: Misrepresentations and Legal Actions - Quantum has allegedly made material misrepresentations regarding Besra's operations and the status of the Bau Gold Project, which is not yet a producing mine [3][4]. - The lawsuit initiated by Quantum claims that Besra's board has acted oppressively towards Quantum's interests, despite Quantum's nominees having significant representation on the board [4][6]. - Besra's independent directors are concerned about Quantum's attempts to remove them, which they believe could lead to irreversible damage to shareholder value [1][2]. Group 2: Financial Obligations and Project Delays - Quantum has failed to remit funds under the gold purchase agreement (GPA), with a payment of approximately US$9.83 million due in December 2023 not received, leading to legal action from other shareholders [9]. - The renewal of Besra's mining tenements has been delayed, impacting the development of the Bau Gold Project, although renewals were initiated in 2024 [9][10]. Group 3: Governance and Shareholder Meeting - The upcoming special meeting of shareholders is scheduled for June 24, 2025, where critical decisions regarding board composition and governance will be made [2][22]. - Besra's independent directors are urging shareholders to vote against Quantum's nominees and to support the removal of Dato' Lim Khong Soon from the board [21][27]. Group 4: Quantum's Compliance Issues - Quantum has been accused of disregarding corporate and securities laws, including failing to comply with insider reporting obligations despite owning approximately 29.88% of Besra's voting securities [14][16]. - The Securities Commission of Malaysia has previously directed Quantum to cease offering its securities to the public due to legal violations [14].

Core Viewpoint - Besra Gold Inc. is addressing misleading information presented by Quantum Metal Bullion Pty Ltd, which includes unauthorized claims about the company's operations and management [1][2][3]. Company Operations - The unauthorized presentation falsely claims that Besra has ongoing mining operations and significantly overstates the quantity of gold reserves, stating "Proven Gold Reserves" that are not accurate [3]. - Besra has established a JORC compliant mineral resource of approximately 13.5 million tonnes at 1.7 g/t Au for 721,000 ounces of gold in the Jugan Gold Project and approximately 57 million tonnes at 1.4 g/t Au for 2.6 million ounces of gold in the Bau Project [4]. Management and Governance - Dato Lim Khong Soon, a director of Besra, has been associated with the unauthorized presentation, leading to the company's decision to call a special meeting to remove him as a director [10][11]. - The company has made efforts to prevent unauthorized statements from Quantum Metal, but these efforts have not stopped the dissemination of misleading information [9]. Investor Communication - Besra emphasizes that it has not authorized any offers related to a "gold contract note device" or any bonus share offers linked to Quantum Metal [5][8]. - The company advises shareholders and investors to disregard the information presented by Quantum Metal regarding Besra and its operations [3][8].