STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 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: 400 S. El Camino Real, Suite 710, San Mateo, CA 94402-1708 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 AUGUST 5, 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: 16 Form 13F Information Table Value Total: $348,689(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 -------------------------------------------------------------------------------------------------------------------------------- Agnico-Eagle Mines Ltd COM 008474108 31,910 525,000 SH Sole 525,000 Barrick Gold Corp COM 067901108 59,033 1,300,000 SH Sole 1,300,000 Compania de Minas Sponsored Buenaventura ADR 204448104 36,864 959,000 SH Sole 959,000 Eldorado Gold Corp. COM 284902103 11,674 650,000 SH Sole 650,000 ETFS Palladium Trust Sh Ben Int 26923A106 1,761 40,000 SH Sole 40,000 ETFS Platinum Trust SH Ben Int 26922V101 1,526 10,000 SH Sole 10,000 Goldcorp Inc. New COM 380956409 47,463 1,082,400 SH Sole 1,082,400 Golden Star Res Ltd CDA COM 38119T104 3,285 750,000 SH Sole 750,000 IAMGOLD Corp COM 450913108 10,608 600,000 SH Sole 600,000 Kinross Gold COM Corp No Par 496902404 19,226 1,125,000 SH Sold 1,125,000 Newmont Mining Corp COM 651639106 32,128 520,368 SH Sole 520,368 NovaGold Note 5.5% 5/0 66987EAA5 14,841 15,000,000 PRN Sole 15,000,000 Res Inc. NovaGold COM New 66987E206 5,762 825,546 SH Sole 825,546 Res Inc. Randgold ADR 752344309 56,348 594,700 SH Sole 594,700 Res Ltd Royal Gold Inc. COM 780287108 10,080 210,000 SH Sole 210,000 Yamana Gold Inc. COM 98462Y100 6,180 600,000 SH Sole 600,000