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Piche Resources Limited (ASX:PR2) is pleased to present its corporate presentation.
PICHE RESOURCES LIMITED – URANIUM/GOLD ASX LISTING
PICHE PORTFOLIO
Targeting globally significant discoveries in Tier-1 mineral provinces
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This article includes content from Piche Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Piche Resources
Investor Insight
With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Overview
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Company Highlights
- Flagship Ashburton uranium project in Western Australia with recent high-grade drilling results over wide intercepts.
- Sierra Cuadrada uranium project in Argentina showing extensive near-surface mineralisation with assays up to 2.86 percent U₃O₈.
- Cerro Chacon gold-silver project with high-grade surface results (up to 11.65 g/t gold and 333.7 g/t silver) across a 14 km mineralised corridor.
- Fully permitted and EIA-approved for drilling at Cerro Chacon (Chacon South and Middle).
- Large, 100-percent-owned tenement package across all projects (Ashburton: 335 sq km; Cerro Chacon: 414 sq km; Sierra Cuadrada: 1,310 km²).
- Board of directors includes former leaders of Peninsula Energy, Orano, Rio Tinto Uranium and Barrick Gold.
- Upcoming drill campaigns planned at Cerro Chacon and Ashburton to test multiple high-priority targets.
- Well positioned for growth in the context of a strengthening uranium and gold price environment.
Key Projects
Gold: Cerro Chacon, Argentina
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Project Highlights
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
- A 14 km-long mineralised corridor has been delineated across Chacon Grid, La Javiela and Toro Hosco prospects.
- High-grade geochemical results include:
- 11.65 g/t gold and 120.3 g/t silver at Toro Hosco
- 333.7 g/t silver, 9.48 percent lead, and 8.57 percent zinc at La Javiela South
- Maiden RC drilling programme of 57 holes (7,905 m) scheduled across three main targets:
- Chacon Grid: 45 holes (5,590 m)
- La Javiela: 8 holes (1,740 m)
- Toro Hosco: 4 holes (575 m)
- EIA approvals for Chacon South and Chacon Middle were received in May 2025, enabling drilling to proceed.
- Vein systems range from 2 to 6 km in strike length and up to 50 m in width; hosted within structurally controlled low-sulphidation epithermal veins (LSEV).
Uranium: Ashburton Project, Australia
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Project Highlights
- Location: Pilbara region, ~1,150 km north of Perth
- Tenure: 335 sq km following the recent application for tenement E52/4461 (214 sq km), adding to the existing 122 sq km holdings.
- Highlights:
- 2024 RC and diamond drilling confirmed high-grade uranium mineralisation at multiple stratigraphic levels.
- Best intercepts include:
- 3.45 m @ 5,129 ppm eU₃O₈ from 137.62 m (ARC006)
- 10.48 m @ 1,412 ppm eU₃O₈ from 114.30 m (ADD005)
- 2.42 m @ 2,681 ppm eU₃O₈ from 155.10 m (ADD003).
- 7.86 m @ 2,266 ppm eU₃O₈ from 105.42 m (ADD006)
- The company has outlined a 60 km structural corridor hosting multiple uranium occurrences including Angelo A & B, Canyon Creek, Ristretto and Atlantis.
- Atlantis prospect: historical drilling returned up to 7,400 ppm U₃O₈ over 2.2 m; rock chip samples have returned up to 37 percent U₃O₈.
Uranium: Sierra Cuadrada, Argentina
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Project Highlights:
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
- The project area contains broad, flat-lying mineralisation at multiple stratigraphic levels.
- High-grade uranium assays include:
- 28,650 ppm U₃O₈ (2.86 percent) from rock chip sampling at Teo 8
- 24,017 ppm U₃O₈ from channel sampling
- 2,772 ppm U₃O₈ over 0.5m from auger drill sample
- Mineralised zones extend over a strike of 60 sq km, with confirmed targets on the majority of tenements.
- 2024 auger drilling and sampling confirmed uranium continuity across a sandstone and conglomerate sedimentary package with 14 samples exceeding 200 ppm U₃O₈.
- Rock chip sampling has returned 114 samples >200ppm U₃O₈
- RC drilling is planned to follow up on anomalies identified in the auger and channel sampling programmes.
Management Team
John (Gus) Simpson – Executive Chairman
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann – Managing Director
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet –Executive Director
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer – Non-executive Director
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald – Non-executive Director
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.
Targeting globally significant uranium and gold discoveries in Australia and Argentina
LaFleur Minerals Provides Swanson Drilling Update, Acquires Key Swanson Claim, and Files Updated NI 43-101 Technical Report
Key observations from core logging of the recent drill holes are summarized below:
- Pyrite and other sulphides are consistently observed in the drill holes, classic pathfinder minerals for gold.
- A 17.9-metre-wide sulphide-rich zone (true width currently unknown) in drill hole SW-025-038 is a standout intersection that may indicate the potential for gold mineralization; however, assay results are still pending.
- The presence of silicification, carbonate alteration, sericite, chlorite, fuchsite, and quartz veining are classic indicators of hydrothermal fluid movement, which often carries gold. The consistent appearance of shearing, stockwork veining, and brecciation also suggests structural controls that may localize gold mineralization. The presence of alteration and sulphides over multiple holes and rock types also increases the likelihood of defining a larger mineralized system.
- Fuchsite alteration in drill hole SW-025-036 is particularly notable as it is also an important pathfinder and frequently associated with gold mineralization in the Abitibi Greenstone Belt.
PRELIMINARY SWANSON DRILLING HIGHLIGHTS
Below is a brief summary of preliminary geological and mineralization observations from core logging of the recent diamond drill holes completed by the Company. Half-core samples have been securely sent to AGAT Labs ("AGAT") in Val-d'Or, Québec for sample preparation, fire assay, and four-acid ICP geochemical testing, with final analytical results still pending. AGAT is independent of LaFleur Minerals and fully certified and accredited to ISO/IEC 17025:2017 and ISO 9001:2015 standards.
- Drill hole SW-025-032: Strongly bleached basalts with silicification and carbonate alteration. Pyrite mineralization observed. Occasional quartz-carbonate-tourmaline veins with trace chalcopyrite.
- Drill hole SW-025-033: Altered, carbonate-rich basalts with well-developed shear zones and sericite. Disseminated and stringer pyrite observed. Contact with ultramafic rocks featuring chlorite-talc-carbonate stockworks.
- Drill hole SW-025-034: Alternating altered basalts and ultramafics, sheared with quartz veining. Disseminated and stringer style pyrite observed.
- Drill hole SW-025-035: Sequence includes altered basalts, ultramafics, and possible syenites with shearing and sericite alteration. Pyrite mineralization observed.
- Drill hole SW-025-036: Basalts, ultramafics, and intermediate porphyritic intrusives with significant quartz veining and pervasive fuchsite alteration. Pyrite mineralization observed.
- Drill hole SW-025-037: Pink syenite with sulphides, transitioning to a non-magnetic basalt with sulphides observed such as semi-massive pyrite and magnetite-rich intervals.
- Drill hole SW-025-038: Intersected altered tuffs, breccias, mafic/ultramafic flows, and felsic intrusives. A 17.9 m wide sulphide-rich zone was identified (true width currently unknown), composed of semi-massive to massive pyrite-pyrrhotite stockwork within a brecciated tuff, with strong sericite, chlorite, and silica alteration.
"We are very encouraged by the early progress of the Swanson drilling program and the geological and mineralization similarities seen in the recent drill core to the known Swanson Gold Deposit," said Paul Ténière, CEO of LaFleur Minerals. "We're particularly optimistic about the mineralized zone encountered in hole SW-025-038 and we look forward to releasing assay results in the near future."
Further drilling is ongoing, and additional updates will be provided by the Company as results become available. The fully funded and permitted drill program includes a minimum of 5,000 metres of drilling targeting priority areas identified through extensive historical data compilation and recent fieldwork, including the Swanson Gold Deposit, as well as the Bartec, Jolin, and Marimac target zones (Figure 2). This will include priority targets from over 50 promising targets identified to date.
ACQUISITION OF KEY MINERAL CLAIM FROM GLOBEX MINING ENTERPRISES
The Company also announces that it will acquire a key mineral claim from Globex Mining Enterprises Inc. ("Globex") located immediately adjacent to and east of the Swanson mining lease, which hosts the Swanson Gold Deposit. The mineral claim will be acquired through an arm's length asset purchase agreement dated August 14, 2025, between the Company and Globex (the "Purchase Agreement"). The consideration payable by the Company to Globex for 100% ownership of the mineral claim is a cash payment of C$2,500 due upon execution of the Purchase Agreement. Globex will retain a 2% Gross Metal Royalty (GMR) upon commencement of commercial production from the mineral claim.
NI 43-101 TECHNICAL REPORT UPDATE
LaFleur Minerals is also pleased to announce that it has filed an updated NI 43-101 Technical Report ("Technical Report") for the Swanson Gold Project that discloses the results of recent exploration programs by LaFleur Minerals and the 2024 Mineral Resource Estimate for the Swanson Gold Deposit, which remains unchanged. The Technical Report has an effective date of July 29, 2025 and has been filed on the Company's SEDAR+ profile at www.sedarplus.ca and is available on the Company's website at www.lafleurminerals.com.
SITE VISIT DETAILS - BEACON GOLD MILL AND SWANSON GOLD PROJECT
LaFleur Minerals confirms a site visit and tour of its Beacon Gold Mill and Swanson Gold Project in the Val-d'Or region will occur on August 11-13, 2025. Interested parties are encouraged to contact the Company as soon as possible at info@lafleurminerals.com for further details and to confirm their attendance.
Figure 1: Drill Holes recently completed near the Swanson Gold Deposit
Figure 2: Swanson drilling target regions and proposed 2025 drill holes (in blue)
CAUTIONARY STATEMENT
Visual estimates of mineral abundance or apparent mineralization observed in drill core are preliminary in nature and readers are cautioned they should not be relied upon as a substitute for analytical results. While the core appears to contain sulphides such as pyrite, chalcopyrite, and pyrrhotite, and quartz veining, laboratory assays are required to determine the actual grades and composition. There is no guarantee that the visual observations will correlate with assay results.
QUALIFIED PERSON STATEMENT
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The Company's mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-permitted and refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, M.Sc., P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Asra Minerals: Unlocking Multi-million Ounce Gold Potential in WA’s Premier Goldfields
Asra Minerals (ASX:ASR) is unlocking the value of its resource portfolio and underexplored prospects in Western Australia’s renowned Leonora Goldfields. The company holds one of the largest and most prospective land positions in the district, strategically located near major gold producers, including Genesis Minerals (ASX:GMD) with its 8.9 Moz Leonora Operations, Vault Minerals (ASX:VAU) with the 1.9 Moz Darlot and 4.1 Moz King of the Hills mines, and Northern Star (ASX:NST), operator of the 4.2 Moz Thunderbox mine.
A strategic reset in late 2024 brought in a new CEO, technical team, and a focused drilling strategy targeting resource growth and project consolidation. With strong gold prices supported by global uncertainty and Western Australia’s stable regulatory environment, Asra’s historically underexplored and fragmented ground is now well-positioned for discovery, growth, and long-term value creation.
Asra Minerals’ flagship Leonora Gold Project covers over 936 sq km in Western Australia’s prolific Eastern Goldfields, one of the country’s most productive gold regions. The project is divided into the Leonora North and Leonora South areas and is strategically located near world-class gold operations, including Genesis Minerals’ Leonora Operations, Vault Minerals’ King of the Hills, and Northern Star’s Thunderbox mine—all within trucking distance. Asra’s tenements lie along highly prospective granite-greenstone contacts and major fault zones, including the Ursus Fault, a key structural control for high-grade orogenic gold mineralization.
Company Highlights
- District-Scale Gold Project in Tier-One Jurisdiction: 936 sq km landholding in WA’s Leonora region, proximal to more than 15 Moz of gold resources across neighboring major mines.
- JORC Resource of 200 koz at 1.8 g/t gold: Existing resource includes high-grade shallow mineralization at Orion, Sapphire, Mt Stirling and Stirling Well.
- Aggressive Growth Strategy: Targeting >500 koz resource base in 2025 through near-resource and greenfield drilling.
- Ongoing Exploration: Systematic exploration underway across the portfolio with multiple high-priority targets identified for further follow-up.
- New High-impact Leadership: Rebuilt management and technical team in late 2024, including renowned gold discoverers behind Gruyere (6.2 Moz) and Raleigh (1 Moz).
- Undervalued Opportunity: With a ~$10 million market cap, Asra offers substantial re-rating potential amid rising gold prices and renewed institutional interest.
This Asra Minerals profile is part of a paid investor education campaign.*
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Asra Minerals
Investor Insight
Asra Minerals is an emerging gold explorer with a compelling investment case as it focuses on strategic expansion and development of high-grade resources across its Leonora gold project in Western Australia.
Overview
Asra Minerals (ASX:ASR) is unlocking the potential of its portfolio of existing resources and underexplored prospects within Western Australia’s renowned Leonora Goldfields. The company controls one of the largest and most prospective land positions in the district, strategically surrounded by high-profile gold producers such as Genesis Minerals’ (ASX:GMD) with its 8.9 million oz (Moz) Leonora Operations; Vault Minerals (ASX:VAU), which operates the 1.9 Moz Darlot mine and 4.1 Moz King of the Hills mine; and Northern Star (ASX:NST), which operates the 4.2 Moz Thunderbox mine.
With existing JORC 2012 resources of 200,000 oz gold and a clear strategy to reach 500,000 oz in the near-term, Asra Minerals is leveraging its 936 sq km Leonora landholding in one of Australia’s most prolific gold belts. Asra’s tenements span 75 km of strike length, including two primary zones – Leonora North and Leonora South – each with resource-stage projects, brownfields upside and newly identified high-priority drill targets.
A strategic reset in late 2024 led to a new CEO, technical team and drilling strategy aimed squarely at resource growth and project consolidation. With global unrest supporting sustained high gold prices and WA’s regulatory stability, Asra’s ground – historically underexplored and fragmented – is now primed for discovery, growth and value creation.
Company Highlights
- District-Scale Gold Project in Tier-One Jurisdiction: 936 sq km landholding in WA’s Leonora region, proximal to more than 15 Moz of gold resources across neighboring major mines.
- JORC Resource of 200 koz at 1.8 g/t gold: Existing resource includes high-grade shallow mineralization at Orion, Sapphire, Mt Stirling and Stirling Well.
- Aggressive Growth Strategy: Targeting >500 koz resource base in 2025 through near-resource and greenfield drilling.
- Ongoing Exploration: Systematic exploration underway across the portfolio with multiple high-priority targets identified for further follow-up.
- New High-impact Leadership: Rebuilt management and technical team in late 2024, including renowned gold discoverers behind Gruyere (6.2 Moz) and Raleigh (1 Moz).
- Undervalued Opportunity: With a ~$10 million market cap, Asra offers substantial re-rating potential amid rising gold prices and renewed institutional interest.
Key Project
Leonora Gold Project
Asra Minerals’ flagship Leonora gold project spans more than 936 sq km in Western Australia’s prolific Eastern Goldfields. The asset is subdivided into the Leonora North and Leonora South project areas. The region hosts multiple world-class gold operations, including Genesis Minerals’ Leonora operations, Vault Minerals’ King of the Hills, and Northern Star’s Thunderbox mine, all within trucking distance. Asra’s tenements lie along the highly prospective granite-greenstone contacts and major fault systems such as the Ursus Fault, known for controlling high-grade orogenic gold mineralization.
Leonora South
The Leonora South project is 549 sq km with eight granted mining leases, located within the historic Kookynie goldfields. This area is host to numerous high-grade deposits, including Genesis Minerals’ Ulysses Hub (~2 Moz gold). Asra is focused on the Sapphire and Orion open pit deposits, which together comprise a JORC 2012 inferred resource of 48,014 oz grading at 2.2 grams per ton (g/t) gold. High-grade intercepts include standout results such as 166 g/t gold over 6 m from 135 m, including 248.8 g/t gold over 4 m (Sapphire), and 46.4 g/t gold over 4 m from 3 m (Orion), demonstrating a potential for bonanza-grade extensions at depth.
Diamond drilling completed in Q4/2024 confirmed down-dip continuity of high-grade gold zones approximately 30 to 50 m below historical intercepts, with assays such as 47.95 g/t gold over 1 m from 115.2 m, 23.12 g/t gold over 1 m from 148.7 m, and 23.97 g/t gold over 0.8 m from 161.2 m. A new 1,300 m RC and diamond-tail drilling program commenced in Q2/2025 to test these high-priority targets, aiming to significantly increase the resource base. The mineralized quartz veins at Sapphire and Orion trend east-northeast and dip steeply – 50 to 80 degrees – southwards and remain open at depth and along strike.
Exploration across Leonora South has identified 21 high-priority targets, of which 15 have never been drill tested. These were derived from detailed 2025 airborne magnetics, structural reinterpretation and geochemical mapping. Planned work includes follow-up aircore and RC drilling to expand the mineralized footprint, including at Gladstone and Jessop Creek, with approvals already received from the Department of Energy, Mines, Industry Regulation and Safety.
Leonora North
Situated 40 km northeast of Leonora and just 5 km from Vault’s King of the Hills mine, Leonora North is a brownfields gold asset with significant exploration and expansion potential. The area lies within the Eastern Goldfields Superterrane of the Yilgarn Craton and is hosted along the structurally controlled Ursus Fault Zone, a major gold-bearing shear corridor. The project contains multiple zones with a total JORC 2012 resource of 152,000 oz grading at 1.7 g/t gold, including:
- Mt Stirling–Viserion Deposit: 2.16 Mt @ 1.6 g/t gold for 111,000 oz (inferred), plus 391,000 t @ 2.1 g/t for 26,000 oz (indicated).
- Stirling Well: 198,000 t @ 2.3 g/t gold for 15,000 oz (inferred).
The Mt Stirling resource remains open along strike and at depth, with high-grade shoots identified to the north. The flat-lying Stirling Well orebody has potential for parallel lodes and deeper extensions into mafic host rocks. A major aeromagnetic and litho-structural reinterpretation, completed in December 2024, identified +20 high-priority gold targets across the northern strike extensions. Several of these are situated adjacent to the historically mined Diorite King Mine, which reportedly produced at high grades. The untested 12 km Ursus Fault corridor remains a key focus, with ~9 km still unexplored.
Importantly, Asra secured 100 percent ownership of the Mt Cutmore prospect in May 2025, consolidating a highly strategic zone within the Mt Stirling region. This acquisition covers multiple live and pending tenements, and enhances Asra’s ability to deploy a focused drilling campaign across the Leonora North project area. Drill permits have been secured, and both AC and RC programs are planned for H2/2025 to evaluate new geophysical anomalies, follow up on known mineralization, and grow the current resource base.
Management Team
Paul Stephen – Managing Director
A seasoned mining executive, Paul Stephen has held various executive and directorship roles across ASX and LSE-listed companies prior to joining Asra. He was a co-founder and executive director of Crusader Resources, where he was instrumental in the discovery, development and operation of the Posse Iron Ore mine in Brazil. During his tenure, he oversaw the delineation of over 2.6 million ounces of gold, significantly contributing to Crusader’s market capitalization exceeding AU$160 million.
Paul Summers – Non-executive Chair
Paul Summers has been a legal practitioner since 1985, and founded his own firm, Summers Legal in 1989. He has been Asra’s counsel for more than 10 years and has provided extensive advice and service during the recent takeover of Cascade Resources. Summers is currently lead counsel – commercial, corporate and property of Summers Legal and is familiar with the company’s affairs, projects and strategy.
Mathew Longworth – Non-executive Director
Mathew Longworth is a geologist with over 35 years’ experience in large projects, exploration and discoveries in Australia, Greenland, Africa, South America and the Pacific. He is currently chairman of Ardea Resources and Greenfields Exploration, and non-executive chairman of Northam Resources. As a director and chairman, he has guided companies through challenging corporate times including IPO listings, takeovers, major capital raisings, 249D notices and joint venture negotiations while maximizing value for shareholders.
Leonard Math - Non-executive Director, Chief Financial Officer and Company Secretary
Leonard Math is a chartered accountant with more than 15 years of resource industry experience. He was an auditor at Deloitte and is experienced with public company responsibilities including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting and shareholder relations. He previously held company secretary and directorship roles for a number of ASX listed companies.
Ziggy Lubieniecki – Technical Consultant
Ziggy Lubieniecki is a highly experienced geologist with over three decades of expertise spanning exploration, mining, management, property acquisition and company listings. His previous senior roles include chief mine geologist at Plutonic, exploration manager at Australian Platinum Mines, and executive director at Gold Road Resources. Along with a successful exploration track record, Lubieniecki is credited for the discovery of the 6.2 Moz Gruyere gold deposit.
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