Besra Gold Secures US$300 Million Funding Facility, Ensuring Financial Stability for Bau Gold Project and Exploration Efforts

Besra Gold Inc (ASX:BEZ), a leading gold exploration and production company, is proud to announce the approval of a US$300,000,000 gold offtake drawdown facility by Quantum Metal Recovery Inc (Quantum). This funding facility marks an important milestone in Besra's growth and development plans.

The Facility, which received shareholder approval, enables Quantum to provide Besra with an initial deposit of US$5,000,000, with the option to provide up to US$10,000,000 in funding per month, totalling up to the full amount of US$300,000,000. All funds will be payable into a drawdown account controlled by Besra, ensuring transparency and accountability throughout the process. The first tranche of US$10,000,000 is expected to be received by the end of September.

In return for this funding facility, Besra has entered into an agreement with Quantum to deliver up to 3,000,000 ounces of future gold produced from the company's projects. This arrangement will provide Besra with the necessary capital to fully fund production at the esteemed Bau Gold Project and explore other deposits within the Bau goldfield corridor.

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One of the key advantages of this Facility is its flexibility. Besra has the autonomy to deploy the proceeds towards a variety of essential uses, including exploration, feasibility studies, mine development purposes, and working capital. This versatility ensures that Besra can strategically allocate funds where they are needed most, optimising operational efficiency and maximising the potential for success.

Importantly, the Facility represents one of the largest deals of its kind signed by an ASX listed junior company. It is noteworthy that the Facility is not debt and carries no interest. This positions Besra favourably, free from the burdens of traditional financing and enabling the company to operate without hedging requirements or onerous covenants.

Furthermore, the Facility is expected to reduce Besra's reliance on dilutive equity financing and project or corporate debt. This strategic financial approach ensures that Besra can focus on its core operations and capital-intensive projects without compromising its financial stability or burdening the company with additional debt.

Besra Gold Inc is thrilled to have secured this significant funding facility, which bolsters their ability to drive growth and unlock the full potential of the Bau Gold Project. This milestone achievement positions Besra as a leading player in the gold industry, and the company looks forward to delivering exceptional results and value for its shareholders.

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