Drilling Underway at Asra’s Leonora South Gold Project

12 May 2025 | West Perth, WA – Asra Minerals (ASX:ASR) has commenced a focused drilling campaign at its Leonora South Gold Project in Western Australia, targeting the down-dip extensions of high-grade mineralisation at the Orion and Sapphire deposits.

The initial program includes approximately 1,000m of Reverse Circulation (RC) and 300m of diamond tail drilling across six holes, designed to follow up on standout results from the October 2024 campaign.

Key highlights from previous drilling include:

• 1m @ 47.95g/t Au from 115.2m (Sapphire)

• 1m @ 23.12g/t Au from 148.7m (Sapphire)

• 0.8m @ 23.97g/t Au from 161.2m (Orion)

Drilling will test mineralisation below 80m vertical depth for the first time, aiming to confirm continuity and unlock resource growth potential in this underexplored zone.

Asra CEO Paul Stephen stated:

“This campaign is an exciting opportunity to expand our known resources and build on the high-grade gold intersections we’ve already uncovered. With results due in the coming months, we’re well positioned to generate strong momentum at Leonora South.”

Contractors Challenge Drilling and Terra Drilling have been engaged under a drill-for-equity agreement, giving Asra financial flexibility while maintaining exploration momentum.

Following this program, exploration will shift to the Gladstone prospect, targeting newly defined high-priority zones identified through recent aeromagnetic reviews.