---------------------------- OMB APPROVAL ---------------------------- OMB Number: Expires: Estimated average burden hours per response..... ---------------------------- SEC USE ONLY ---------------------------- ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13f Cover Page Report for the Calendar Year or Quarter Ended March 31, 2005 If amended report check here: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. ASA (Bermuda) Limited -------------------------------------------------------------------------------- Name of Institutional Investment Manager 11 Summer Street, 4th Floor Buffalo, New York 14209-2256 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 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, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Robert J.A. Irwin Chairman, President & Treasurer 716-883-2428 -------------------------------------------------------------------------------- Name (Title) (Phone) /s/ ROBERT J.A. IRWIN ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) Buffalo, New York May 6, 2005 ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Page 1 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 5 Form 13F Information Table Value Total: $94,156 (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] None FORM 13F INFORMATION TABLE ---------------------------------------------------------------------------------------------------------------------------------- ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 FAIR INVESTMENT DIS VOTING AUTHORITY TITLE MARKET SHARES OR NAME OF ISSUER OF CUSIP VALUE PRINCIPAL SOLE SHARED OTHER MANA- SOLE SHARED NONE CLASS NUMBER (x$1000) AMOUNT (A) (B) (C) GERS (A) (B) (C) ---------------------------------------------------------------------------------------------------------------------------------- Barrick Gold Commmon Stock 067901108 17,491 730,000 SH Sole 730,000 Corporation Compania de Minas Sponsored ADR 204448104 20,502 900,000 SH Sole 900,000 Buenaventura Harmony Gold Sponsored ADR 413216300 16,898 2,166,400 SH Sole 2,166,400 Mining Limited Newmont Mining Common 651639106 21,986 520,368 SH Sole 520,368 Corporation Placer Dome, Inc. Common 725906101 17,279 1,065,312 SH Sole 1,065,312 Page 3