ASR - ASRA MINERALS LIMITED

[Share Cafe Admin]

Peretz Shapiro - Managing Director - presenting at this Friday's (13/5/22) Hidden Gems Webinar.

 

Register HERE.

 

Thanks

[nipper]

Torian Resources is developing gold and rare earths projects in the Western Australian Eastern Goldfields Superterrane.
 
The company has the flagship Mt Stirling Project; it is an exciting multi commodity asset consisting of 12 major gold targets (including two JORC deposits) plus a new, clean rare earths discovery characterised by exceptionally high ratio of heavy rare earths to total rare earths and zero radioactivity.
 

also bought a property and mining company, (Tarmoola Station and associated mining services business “Carhill Contracting” for a purchase price of $4,000,000.) plus some BullionFX play

[nipper]

On 19 May 2022, Torian Resources Limited (TNR) changed its name and ASX code to Asra Minerals Limited (ASR).

[nipper]

Torian Executive Chairman, Mr Paul Summers, said Torian had emerged this year as a multi commodity explorer focused on gold, REEs, and now, critical minerals.

The sheer size and homogenous distribution of scandium and cobalt at our Yttria prospect is an exciting addition to our endowment of the five most in demand REEs (dysprosium, terbium, europium, neodymium and yttrium). An exceptionally high ratio of HREEs, a lack of processing nasties uranium and thorium, and the potential of a 3.6km continuous HREE corridor amenable to known extraction technologies combine to position Yttria as a significant discovery for Torian.

In recognition of the company transformation, Mr Summers said a resolution to change the name of Torian Resources Limited to Asra Minerals Limited was made at the company’s Annual General Meeting on Monday, 16 May 2022.

Torian was known for just gold. Asra will be known for gold, clean heavy rare earths, and critical minerals. The company has a new triple play focus which deserves rebranding.