A Monkeys uncle can see that QMR would not be handing USD...

A Monkeys uncle can see that QMR would not be handing USD 40'000'000 out so far, without having Sarawak Government; local mining officials! and the local village head! all with eyes wide open reporting daily to QMR on progress at the Bau Gold Project. Sarawak Gov wants this to happen just as much as QMR jobs for the local population. And if correct Quantum is going to build a JV gold refinery with the Sarawak Government for the BEZ gold to be refined in anticipation off considerable more Gold Resource to be announced??

+ Money Talks Bullshit Walks!

27 November 2023
US$10,646,325.65 RECEIVED FROM QUANTUM
Besra Gold Inc (ASX: BEZ) (ARBN 141 335 686) (Besra or the Company) is very pleased to advise of the receipt,
from Quantum Metal Recovery Inc (Quantum), of US$10,646,325.65.
The US$10,646,325.65 was received from Quantum (Besra’s largest CDI holder) in accordance with the terms
and conditions of the binding US$300 million Gold Purchase Agreement (GPA) announced to ASX on 9 May
2023.
Under the terms of the GPA, the Company has agreed to sell to Quantum a quantity of refined gold from the
Bau Gold Project (or any other gold project owned by the Company or its subsidiaries at any time) until:
• 3,000,000 ounces of refined gold has been received by Quantum; or
• aggregate deposits in an amount equivalent to US$300,000,000 (Facility) have been received by the
Company from Quantum.
Pursuant to the Facility, Besra has now received, from Quantum, a total of US$25,646,325.65, comprising an
initial deposit of US$5,000,000, September’s US$10,000,000 drawdown received in early October and
October’s drawdown of US$10,646,325.65, which was received today.
As per the GPA, Besra is entitled to deploy the proceeds of the Facility for a variety of uses, including
exploration, feasibility studies, mine development purposes and working capital. Commissioning of the pilot
plant and updating the 2012 Bau Feasibility Study are Besra’s primary objectives.
The Company reminds CDI holders that the Facility is not debt, is interest free and is expected to remove the
need for dilutive equity financing and project/corporate debt that would encumber Besra with hedging
requirements and/or onerous covenants.
This announcement was authorised for release by Mr John Seton, Executive Director of Besra Gold Inc.
Michael Higginson
Company Secretary
Besra Gold Inc

ASX ANNOUNCEMENT
31 October 2023
ASX: BEZ
ASX: BEZ
ARBN: 141 335 686
E: [email protected]
T: +61 89 429 8888
W: www.besra.com
A: 45 Ventnor Ave, Perth
Western Australia, 6005.
SEPTEMBER 2023 QUARTERLY ACTIVITIES REPORT
HIGHLIGHTS
▪ Initial Payment of US$10 million received from Quantum in accordance
with the Facility to fund the Bau Gold Project.
▪ Board appointments consolidate Quantum’s long term commitment.
▪ Bekajang follow-up drilling confirms ‘multi-storey’ gold endowment
potential.
▪ Environmental Impact Assessment for future mining activities at
Bekajang commenced.
▪ Development of Jugan pilot plant progressing.
▪ Exploration drilling commenced in Jugan area.
▪ Senior management changes implemented in anticipation of
development phase.
The Board of Besra Gold Inc (ASX: B


.