Asra appoints Stephen as CEO

As it aims to enhance its gold strategy in Western Australia, exploration junior Asra Minerals has appointed Paul Stephen as its new chief executive.

The company has high hopes for the new boss, who co-founded Crusader Resources and oversaw its development of the Posse iron ore mine in Brazil.

“We are delighted to have Paul as the CEO at this important point in the company’s development, to assist Asra in advancing its gold portfolio in the world class Leonora gold province,” Asra chair Paul Summers said.

“Paul brings a wealth of experience, having delivered projects from discovery through to production, which will help to ensure Asra successfully delivers the next phase of its project development.”

In September, Asra received $3 million for the sale of its Tarmoola pastoral lease to mid-tier gold miner Red 5 - now known as Vault Minerals - with proceeds from the divestment going towards programs at its Kookynie and Mt Stirling projects. 

Asra shares closed trade up 14 per cent to $0.004.