Asra Minerals: Completes ownership of the Tarmoola station, Leonora

Asra Minerals Completes ownership of the Tarmoola station, Leonora

  • Asra Minerals (ASR) completes the full ownership of its $4 million Tarmoola pastoral station and associated civil machinery
  • The company initially purchased the cattle station using $1 million from its cash fund and a $3 million loan from RiverFort Global Opportunities
  • The debt on the loan has now been repaid early from existing Asra funds, without the company needing to tap into the cash from a recent capital raising
  • Asra says it sees the station as part of its growth strategy and land-holding position in the Leonora region
  • Shares in Asra are trading at 1.6 cents at 11:46 am AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...

UK’s National Fraud Database Reports 444,000 Fraud Cases in 2025

Cifas reveals a significant rise in reported fraud incidents across the UK.Highlights: Cifas reported 444,000 fraud cases in...