UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2009
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ASA Limited
Address: 11 Summer Street, 4th floor, Buffalo, NY 14209-2256
Form 13F File Number: 28-11034
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Lawrence G. Nardolillo
Title: Chief Financial Officer & Treasurer
Phone: 973-377-3535
Signature, Place, and Date of Signing:
/s/ Lawrence G. Nardolillo Florham Park, New Jersey February 2, 2010
-------------------------- ------------------------ ----------------
Report Type (Check only one):
[X] 13F HOLDINGS REPORT.(Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported in this report, and all
holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 13
Form 13F Information Table Value Total: $313,825 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13f file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
None
FORM 13F INFORMATION TABLE
TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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Agnico-Eagle
Mines Limited Common Stock 008474108 32,400 600,000 SH Sole 600,000
Barrick Gold
Corporation Common Stock 067901108 49,225 1,250,000 SH Sole 1,250,000
Compania de Minas
Buenaventura Sponsored ADR 204448104 45,486 1,359,000 SH Sole 1,359,000
Goldcorp Inc. Common Stock 380956409 42,582 1,082,400 SH Sole 1,082,400
Golden Star
Resources Limited Common Stock 38119T104 2,340 750,000 SH Sole 750,000
IAMGOLD Corporation Common Stock 450913108 9,384 600,000 SH Sole 600,000
Kinross Gold
Corporation Common Stock 496902404 20,700 1,125,000 SH Sold 1,125,000
Newmont Mining
Corporation Common Stock 651639106 19,888 420,368 SH Sole 420,368
NovaGold
Resources Inc. Note 66987EAA5 13,887 15,000,000 PRN Sole 15,000,000
NovaGold
Resources Inc. Common Shares 66987E206 7,097 1,157,691 SH Sole 1,157,691
Randgold
Resources Limited ADR 752344309 56,943 719,700 SH Sole 719,700
Royal Gold Inc. Common Shares 780287108 7,065 150,000 SH Sole 150,000
Yamana Gold Inc. Common Shares 98462Y100 6,828 600,000 SH Sole 600,000