UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2007 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: Robert J.A. Irwin Title: Chairman, President & Treasurer Phone: 716-883-2428 Signature, Place, and Date of Signing: /s/ Robert J.A. Irwin Buffalo, New York November 1, 2007 ---------------------------- ----------------------------- ------------------- 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: 9 Form 13F Information Table Value Total: $307,475 (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 VOTING AUTHORITY TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER --------------------- NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ Agnico-Eagle Mines Limited Common Stock 008474108 34,860 700,000 SH Sole 700,000 Barrick Gold Common Stock 067901108 45,315 1,125,000 SH Sole 1,125,000 Corporation Compania de Minas Sponsored ADR 204448104 43,002 900,000 SH Sole 900,000 Buenaventura Goldcorp Inc. Common Stock 380956409 45,840 1,500,000 SH Sole 1,500,000 Harmony Gold Sponsored ADR 413216300 25,802 2,166,400 SH Sole 2,166,400 Mining Company Limited Meridian Gold Common Stock 589975101 26,480 800,000 SH Sole 800,000 Inc. Newmont Mining Common Stock 651639106 23,276 520,368 SH Sole 520,368 Corporation Randgold ADR 752344309 48,198 1,450,000 SH Sole 1,450,000 Resources Limited streetTRACKS Gold Shares 863307104 14,702 200,000 SH Sole 200,000 Gold Trust