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Besra Gold Inc (ASX: BEZ) has released its March 2026 Quarterly Activities Report, providing an update on key corporate and operational developments.
The company said the conditional approval of the renewal of Mining Lease ML 05/2012/1D follows meetings with key decision-makers in Sarawak. It is described as the first concession renewal since Besra’s listing in October 2021.
Besra noted that the Sarawak State Government has granted the renewal subject to conditions that will be advised. The company said the renewal secures continuity of tenure over the J ugan deposit within the Bau Gold Project.
Besra stated it will continue engaging with local authorities, communities and other stakeholders regarding the renewal conditions for the mining lease. The company also intends to progress the status of other applications within the Bau Gold Project.
The report also highlights ongoing implementation of Strategic and Cost Review initiatives, including restructuring of Malaysian operations and further consolidation of corporate functions.
The announcement was authorised for release by the Board of Besra Gold Inc. For further information, the company listed John Blake, Chairman, at info@besra.com.
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