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Besra Gold Inc. Clarifies Quantum Press Release

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Besra Gold Inc (ASX: BEZ) has issued a clarification regarding a press release by Quantum Metal Sdn Bhd. The company states that Quantum's announcement about Besra's rapidly growing gold mining operations is inaccurate and unauthorized. Besra emphasizes that it is an exploration company without current gold mining operations. The company is actively developing its Jugan Gold Project in Sarawak towards commercialization through a Pilot Plant and a Definitive Feasibility Study.

Besra also clarifies that it does not hold physical gold and assumes Quantum's statement about guaranteed safe gold refers to future production from the Jugan Gold Project. The company's JORC (2012) Resources across several deposits total 2.8 million ounces of gold.

Besra Gold Inc (ASX: BEZ) ha emesso un chiarimento riguardo a un comunicato stampa di Quantum Metal Sdn Bhd. L'azienda dichiara che l'annuncio di Quantum riguardante le operazioni di estrazione dell'oro in rapida crescita di Besra è impreciso e non autorizzato. Besra sottolinea che è un'azienda di esplorazione senza attuali operazioni di estrazione dell'oro. L'azienda sta attivamente sviluppando il suo Jugan Gold Project a Sarawak verso la commercializzazione attraverso un Impianto Pilota e uno Studio di Fattibilità Definitivo.

Besra chiarisce anche che non detiene oro fisico e presume che la dichiarazione di Quantum riguardante un oro garantito e sicuro si riferisca alla produzione futura dal Jugan Gold Project. Le Risorse JORC (2012) dell'azienda in diversi giacimenti ammontano a 2,8 milioni di once d'oro.

Besra Gold Inc (ASX: BEZ) ha emitido una aclaración sobre un comunicado de prensa de Quantum Metal Sdn Bhd. La empresa afirma que el anuncio de Quantum sobre las operaciones mineras de oro de rápido crecimiento de Besra es inexacto y no autorizado. Besra enfatiza que es una empresa de exploración sin operaciones mineras de oro en curso. La empresa está desarrollando activamente su Jugan Gold Project en Sarawak hacia la comercialización a través de una Planta Piloto y un Estudio de Factibilidad Definitivo.

Besra también aclara que no posee oro físico y asume que la declaración de Quantum sobre oro garantizado y seguro se refiere a la producción futura del Jugan Gold Project. Los Recursos JORC (2012) de la empresa en varios depósitos totalizan 2,8 millones de onzas de oro.

Besra Gold Inc (ASX: BEZ)는 Quantum Metal Sdn Bhd의 보도 자료에 대해 해명을 발표했습니다. 회사는 Quantum이 Besra의 에 대해 발표한 내용이 부정확하고 무단이라고 밝히고 있습니다. Besra는 현재 금 채굴 작업이 없는 탐사 회사임을 강조합니다. 이 회사는 파일럿 플랜트최종 타당성 조사를 통해 Sarawak에서 상업화를 향한 Jugan Gold Project를 적극 개발하고 있습니다.

Besra는 또한 실제 금을 보유하지 않는다고 밝혔으며, Quantum의 안전한 금 보장에 대한 발언이 Jugan Gold Project에서의 미래 생산을 의미한다고 가정하고 있습니다. 이 회사의 여러 매장지에 걸친 JORC(2012) 자원은 총 280만 온스의 금을 보유하고 있습니다.

Besra Gold Inc (ASX: BEZ) a émis une clarification concernant un communiqué de presse de Quantum Metal Sdn Bhd. La société déclare que l'annonce de Quantum sur les opérations minières d'or en forte croissance de Besra est inexacte et non autorisée. Besra souligne qu'elle est une société d'exploration sans opérations minières d'or en cours. L'entreprise développe activement son Jugan Gold Project à Sarawak en vue de sa commercialisation à travers une Usine Pilote et une Étude de Faisabilité Définitive.

Besra précise également qu'elle ne détient pas d'or physique et suppose que la déclaration de Quantum concernant de l'or garanti et sécurisé se réfère à une production future du Jugan Gold Project. Les ressources JORC (2012) de l'entreprise dans plusieurs dépôts totalisent 2,8 millions d'onces d'or.

Besra Gold Inc (ASX: BEZ) hat eine Klarstellung zu einer Pressemitteilung von Quantum Metal Sdn Bhd herausgegeben. Das Unternehmen erklärt, dass die Ankündigung von Quantum zu Besras schnell wachsenden Goldbergbauaktivitäten ungenau und unautorisiert ist. Besra betont, dass es sich um ein Erkundungsunternehmen handelt, das derzeit keine Goldbergbauaktivitäten hat. Das Unternehmen entwickelt aktiv sein Jugan Gold Project in Sarawak hin zur Kommerzialisierung durch eine Pilotanlage und eine definitive Machbarkeitsstudie.

Besra stellt auch klar, dass es kein physisches Gold hält und geht davon aus, dass die Aussage von Quantum über garantiert sicheres Gold sich auf die zukünftige Produktion aus dem Jugan Gold Project bezieht. Die JORC (2012) Ressourcen des Unternehmens in mehreren Lagerstätten belaufen sich auf insgesamt 2,8 Millionen Unzen Gold.

Positive
  • Active development of Jugan Gold Project towards commercialization
  • Plans for Pilot Plant production and Definitive Feasibility Study
  • JORC (2012) Resources totaling 2.8 million ounces of gold across several deposits
Negative
  • No current gold mining operations, contrary to Quantum's press release
  • Unauthorized and inaccurate statements made by Quantum about Besra's operations
  • Potential confusion among investors due to misleading information from Quantum

Melbourne, Victoria, Australia--(Newsfile Corp. - August 19, 2024) - Besra Gold Inc (ASX: BEZ) (Besra or the Company) refers to a Quantum Metal Sdn Bhd (Quantum) Press Release authorised by Dato' Lim Kong Soon (Chairman of Quantum and Besra) dated 17 August 2024 (Press Release).

The Press Release states that Quantum is "…pleased to announce that Besra's gold mining operations are growing rapidly, in line with our commitment to 'Preserve and Grow Your Wealth.' The gold you own is guaranteed to be safe and fully protected."

Besra advises that the statement mentioned above (contained within the press release) is inaccurate and not authorised by Besra.

Besra reiterates that it is an exploration company, so it does not presently have a gold mining operation. Besra is, however, actively working to develop its Jugan Gold Project (located in Sarawak) towards commercialization, initially through Pilot Plant production and the delivery of a Definitive Feasibility Study.

Besra is unsure what the following Quantum statement means: "The gold you own is guaranteed to be safe and fully protected." Besra advises that it does not hold any physical gold and assumes that Quantum is referring to future gold production from the Jugan Gold Project, which is included in the Company's identified JORC (2012) Resources across several discrete deposits, totalling 2.8m ounces.

This announcement was authorised for release by the Board.

Michael Higginson
Company Secretary

N. American Contact:
James Hamilton
M +1-416-471-4494
E jim@besra.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220511

FAQ

What is the current operational status of Besra Gold Inc (ASX: BEZ)?

Besra Gold Inc is currently an exploration company without active gold mining operations. It is focusing on developing its Jugan Gold Project in Sarawak towards commercialization.

How much gold resources does Besra Gold Inc (ASX: BEZ) have according to JORC standards?

Besra Gold Inc has identified JORC (2012) Resources across several discrete deposits, totaling 2.8 million ounces of gold.

What are Besra Gold Inc's (ASX: BEZ) plans for the Jugan Gold Project?

Besra Gold Inc plans to develop the Jugan Gold Project through Pilot Plant production and the delivery of a Definitive Feasibility Study, aiming for future commercialization.

Does Besra Gold Inc (ASX: BEZ) currently hold physical gold?

No, Besra Gold Inc has clarified that it does not currently hold any physical gold.

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