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2026-11-06
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Asara Resources Limited

Resource Stage · Gold · Guinea · Chile Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.11
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$229.5M
EV
A$169.7M
Cash
A$59.8M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$59.8M Finite
Debt A$0 Net cash A$59.8M
Basic shares 2.1B 2026-07-27
Runway 5.48 quarters Issuer Appendix 5B: A$59.753m cash / A$10.905m quarterly relevant outgoings; A$3.843m placement proceeds received after quarter are not in this balance.

Liquidity

Financial position

Cash covers the current exploration pace for approximately 5.5 quarters, but a future mine build is unfunded and June cash is a stale checkpoint.

Capital structure

Ownership and dilution

Ordinary shares
2.1B
Fully diluted
2.1B

July 27 filing shows 2,086,177,829 ordinary shares and 57.7m unquoted options/rights. Five million Arafura consulting shares are separately included as contingent dilution. The September 15 quotation filing is listed by the issuer but its contents were inaccessible; it may be the consulting shares, so they are counted only once. Fully diluted basis assumes one share for each unquoted or conditional security with no exercise proceeds.

Security classes8
ClassTypeQuantityStrikeExpiry
ASX quoted ordinary sharesOrdinary Share2.1B——
Options expiring 3 June 2028 at A$0.015Option2MA$0.0152028-06-03
Existing performance rightsPerformance Right24M——
Options expiring 18 September 2028 at A$0.075Option11.2MA$0.0752028-09-18
Options expiring 24 February 2027 at nil exerciseOption2.5MA$02027-02-24
Options expiring 24 February 2027 at A$0.07Option5MA$0.072027-02-24
Performance rights expiring 22 July 2030Performance Right13M—2030-07-22
Five million consulting shares conditional on Arafura settlement; possible subject of later quotation filing, not counted twiceOther5M——

KPI history

Operating metrics

1 periods
Operating metric source table1
MetricProjectPeriodPeriod typeValueStatus
OtherKadaquarter ended 30 June 2026Quarter33,593 m drilledReported

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-07-03Ann. 2026-05-08RaisingA$60M480M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-26

Annual report and later local quarterlies, transaction release, and issuer project pages reviewed. Original August sale/acquisition releases and September cap-table filing inaccessible.

Asara currently has 51%; funding the DFS is the condition for increasing to 75%.

Earn In · Active
Counterparties
Kada joint venture partner
Applies to
Kada Gold Project · Gold
Economic direction
Mixed
Period
From 2022-04-01; no end date stated
Key terms
Current interest: 51 %
Conditional additional interest: 24 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Conditional acquisition of two Guinea permits; settlement and five million consulting shares require verification.

Other · Conditional
Counterparties
Arafura Ouest vendors
Applies to
Damissa Koura · Kankan West · Gold
Economic direction
Mixed
Period
From 2025-12-09; no end date stated
Key terms
Cash consideration: 100 SGD
Consulting shares: 5,000,000 shares
How it affects our valuation

No valuation treatment is available for this arrangement.

Conditional 2% NSR on gold produced from acquired permits; no production forecast or royalty cash flow exists.

Royalty · Conditional
Counterparties
Arafura Ouest vendors
Applies to
Damissa Koura · Kankan West · Gold
Economic direction
Burden
Period
Dates not stated
Key terms
NSR: 2 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Teck can earn up to 75% in Loreto; project access and staged earn-in remain uncertain.

Farm Out · Active
Counterparties
Teck Resources Chile Limitada
Applies to
Loreto Copper Project · Copper
Economic direction
Mixed
Period
From 2022-04-26; no end date stated
Key terms
Maximum interest Teck may earn: 75 %
Exploration commitment: 17,000,000 USD
Payments: 600,000 USD
How it affects our valuation

No valuation treatment is available for this arrangement.

Costa Rica Dos obtains 25.26% of the new Loreto holding company, paid from future profits.

Joint Venture · Active
Counterparties
Costa Rica Dos SPA
Applies to
Loreto Copper Project · Copper
Economic direction
Burden
Period
From 2025-05-07; no end date stated
Key terms
Loreto holding-company minority: 25.26 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Conditional sale of Paguanta; up to US$1.4m includes contingent reserve-linked payments.

Other · Conditional
Counterparties
Ajax Resources PLC
Applies to
Paguanta Project · Silver · Zinc · Lead · Copper
Economic direction
Mixed
Period
From 2026-08-19; no end date stated
Key terms
Interest subject to sale: 74.79 %
Maximum consideration: 1,400,000 USD
How it affects our valuation

No valuation treatment is available for this arrangement.