Besra Gold Inc. Announces: Board Re-Structure With Dato Lim Khong Soon

Georgetown, Pulau Pinang, Malaysia, 16th Oct 2023 – Besra Gold Inc (ASX: BEZ) (ARBN 141 335 686) (Besra or the Company) is thrilled to announce the significant appointment of key individuals from Quantum Metal, further strengthening our leadership team and advancing our strategic vision. Dato Lim Khong Soon has been appointed as the Executive Chair (on a non-fulltime basis), while Mr. Chang Loong Lee joins as a Non-Executive Director of the Company, effective immediately.

Dato Lim Khong Soon – Founder Of Quantum Metal

Dato Lim Khong Soon, a distinguished Malaysian citizen, is renowned as the founder and chairman of Quantum Metal. He boasts an extensive career spanning over two decades in the precious metals industry, with a particular focus on downstream applications in precision molding, electronic components, scrap refining, jewelry, and gold-plating sectors.

Dato Lim Khong Soon‘s pioneering spirit shines through in his collaborative efforts, including the co-development of a groundbreaking gold recovery system from electronic waste in South Africa in partnership with Inochem. This accomplishment not only showcases his technical prowess but also underscores his ability to foster enduring relationships with Australian bullion bankers.

Under Dato Lim Khong Soon’s visionary leadership, Quantum Metal has emerged as a prominent player in the precious metals domain, specializing in cutting-edge technology solutions for financial management and harnessing the potential of bullion products. Dato Lim Khong Soon’s innovative thinking has led to the creation of an integrated system that empowers precious metal suppliers to engage in gold trading with financial institutions. Furthermore, Quantum Metal offers innovative services like Gold Enhance and Gold Preserve facilities, providing a sustainable means for individuals to preserve and enhance their assets while contributing to the broader social economy.

Mr. Chang Loong Lee

Mr. Chang Loong Lee brings a wealth of experience in capital markets, fintech, corporate advisory, and blockchain-enabled businesses to the Besra team. With over a decade of experience in the Australian business and financial landscape, he has played a pivotal role in assisting numerous international enterprises in establishing their foothold in Australia.

As the co-founder and Managing Partner of Neo Legal, a prominent law firm headquartered in Melbourne, specializing in blockchain consultancy, corporate law, commercial law, and immigration, Mr. Lee’s client portfolio includes multiple high net worth individuals and client family offices, both domestic and international in scope.

Mr. Lee’s impressive track record includes co-founding and serving as the Chief Executive Officer of STAX, a platform that facilitated Australia’s first-ever IPO accepting USDT cryptocurrency as investment subscription funds. STAX pioneered a revolutionary approach to capital raises by accommodating both retail and wholesale investors, uniquely accepting both fiat currency and cryptocurrency investments.

Farewell to Mr. Paul Ingram

In light of these transformative appointments, Mr. Paul Ingram has gracefully stepped aside as a director, effective immediately. The Board of Besra expresses its heartfelt gratitude to Mr. Ingram for his invaluable contributions during his tenure as a Director. His technical insights have played a pivotal role in shaping the Company’s resource delineation strategy.

A Restructured Board

With these changes in place, the Besra Board now comprises:

• Dato Lim Khong Soon – Executive Chair
• Mr. John Seton – Executive Director
• Mr. Chang Lee – Non-Executive Director
• Mr. Jon Morda – Non-Executive Director

The Board is committed to initiating a process to appoint a Canadian-domiciled, technically qualified Independent Director later this year. This addition will bring the total number of Directors to five, including three Non-Executive Directors.

Offtake Facility Update

In continuation of our previous announcement dated September 20, 2023, Besra is pleased to confirm that Quantum Metal reaffirms its commitment to deposit US$10,000,000 into Besra’s drawdown account by the first week of October 2023. This tranche augments Quantum Metal’s total investment in Besra to a substantial US$15,000,000.

These strategic developments underscore Besra Gold Inc’s commitment to excellence and innovation in the precious metals industry, as we continue to forge a path towards sustainable growth and success on the global stage.

Media Contact

Organization: Quantum Metal

Contact Person: Dato Lim Khong Soon

Website: https://www.quantummetal.com.my/

Email: [email protected]

Contact Number: +60 3-8605 3611

City: Georgetown

State: Pulau Pinang

Country:Malaysia

Release id:7140

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Besra Gold Inc. Announces: Board Re-Structure With Dato Lim Khong Soon