The Bau Goldfield
The Future is Bau
The Bau Goldfield in East Malaysia is a world-class gold project with a century long history of successful gold mining. Geologically sharing many of the attributes of the Carlin Trend in Nevada, which underpinned both Newmont and Barrick, the Bau Goldfield has multiple deposits and an established (JORC/NI 43-101) gold resource, exceeding 3 Mil oz, as well as a JORC Exploration Target of between 4.9-9.3 Moz[1] .
Besra currently controls, directly and indirectly, a 98.5% interest (93.8% on an equity-adjusted basis) in the Bau Gold Project located in Sarawak, East Malaysia.
A feasibility study, released early in 2014 and subsequent further studies have provided the foundations for Besra’s next phase in progressing Bau development into the “company maker” project we believe it to be. With its existing large Resource Inventory this progression entails lower risk, “brown-field” activities concentrating on those deposits with the largest existing Resource expansion potential (Jugan, Pejiru, Sirrengok and Bekajang). Besra’s interests in Bau is via a consortium with a Malaysian company with material Bumiputra interest that owns rights to mining tenements, situated in the Malaysian Federation State of Sarawak, East Malaysia.
[1] The potential quantity and grade of the Exploration Targets is conceptual in nature; there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration work will result in the estimation of a Mineral Resource.
