Source - SMW
Asa Resource has issued an update on the claim made by Zindico in January this year against the group's 85%-held Freda Rebecca Gold Mine.  

The group announced in its last quarterly update on 19 May that the Zindico applicants had failed to present their heads of argument within the prescribed time set by Zimbabwean law. 
 
This meant Zindico was barred from being heard by the courts in Zimbabwe and could no longer file an answering affidavit in its claim against FRGM.  

Asa Resource said it could now confirms that the claim initiated by Zindico had been served on the Company.  

The update continued: "As the company has previously announced, the company's board considers these claims to be without either foundation or merit and is instructing its legal team in Zimbabwe to file the requisite paperwork with the court in Zimbabwe."  

The group said mining operations at FRGM were continuing as normal and it would make a further announcement as appropriate.


At 9:52am: (LON:ASA) ASA Resource Group PLC share price was 0p at 1.45p