With a view to re-commencing exploration activities at its flagship Kada Gold Project in Guinea, Asara Resources Ltd (ASX:AS1, OTC:GMRMF) has retained the services of experienced mining professionals Matthew Sharples and Daniel Tucker as senior technical consultants.
Asara managing director Tim Strong said: “We are delighted to welcome both Matt and Dan to the Asara team.
“Matt and Dan have extensive mineral development experience, including, most recently, the delivery of a feasibility study at Robex Resources’ Kiniero project, also in Guinea.
“The contracting of these two consultants strengthens our existing team and will enable us to fast-track the expansion and development of Kada.
Exploration to recommence
“The Asara team has already commenced re-commissioning of the camp at Kada and plans to start field exploration work in early November are well underway. We look forward to keeping shareholders updated as exploration activities progress.’’
Asara has outlined an indicated and inferred mineral resource estimate MRE of 30.3 million tonnes at 1.0 g/t gold for 923,000 ounces — the majority of which is shallow oxide-transitional gold mineralisation.
The company is focused on growing the MRE. Most of the 150 square kilometre project area remains underexplored, presenting considerable upside for the discovery of additional oxide gold mineralisation.
Matthew Sharples
Matthew Sharples is a mining professional with more than 20 years of experience in mine development, investment consulting and M&A.
He specialises in the geological evaluation and development of gold projects with a particular focus on project development from the initial stage to production.
Sharples was co-founder and CEO of the private mining fund Sycamore Mining. Under his stewardship, the group's flagship asset, the Kiniero Mine in Guinea, grew from a total resource base of 1.5 million ounces of gold to 3.5 million ounces of gold.
That project was sold to Robex Resources in 2022 for a project valuation of US$160 million.
He has worked worldwide in the mining and resources industry, in the UK, Africa, Asia and Australia, with Robex, Sycamore, Wood Mackenzie, Xstrata and BHP Billiton (LON:BHPB).
Sharples is a director and shareholder of substantial Asara shareholder, Barbet L.L.C FZ, which recently made a cornerstone investment in the company and holds around 11% of the issued capital
Daniel Tucker
Daniel Tucker is a geologist and mining engineer with more than 25 years of experience in the mining industry having completed work in mineral and ore estimation, geological modelling, mine design, optimisation and scheduling in base metal, industrial minerals and gold deposits across Latin America, Europe, Africa and Australia.
He is the founding director of Athelney Limited, a UK-based mining consultancy. Prior to this, he formed and managed the MENA region for an international consultancy firm.
Most recently Tucker was part of the team that completed the feasibility study for Robex Resources on the Kiniero project in Guinea.