-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 WeX1NTRx3BbC7Cpiu9XdpA==

<SEC-DOCUMENT>0000898432-09-000699.txt : 20090519
<SEC-HEADER>0000898432-09-000699.hdr.sgml : 20090519
<ACCEPTANCE-DATETIME>20090519165524
ACCESSION NUMBER:		0000898432-09-000699
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090519
FILED AS OF DATE:		20090519
DATE AS OF CHANGE:		20090519

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHRISTENSEN DAVID J
		CENTRAL INDEX KEY:			0001199188

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-21650
		FILM NUMBER:		09840028

	MAIL ADDRESS:	
		STREET 1:		C/O HECLA MINING CO
		STREET 2:		6500 MINERAL DR. #200
		CITY:			COEUR D'ALENE
		STATE:			ID
		ZIP:			83815-8788

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASA LTD
		CENTRAL INDEX KEY:			0001230869
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1130

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR
		STREET 2:		11 SUMMER STREET
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14209
		BUSINESS PHONE:		716-883-2428

	MAIL ADDRESS:	
		STREET 1:		4TH FLOOR
		STREET 2:		11 SUMMER STREET
		CITY:			BUFFALO
		STATE:			NY
		ZIP:			14209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASA BERMUDA LTD
		DATE OF NAME CHANGE:	20030505
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-19</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001230869</issuerCik>
        <issuerName>ASA LTD</issuerName>
        <issuerTradingSymbol>ASA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001199188</rptOwnerCik>
            <rptOwnerName>CHRISTENSEN DAVID J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O LGN GROUP, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 269</rptOwnerStreet2>
            <rptOwnerCity>FLORHAM PARK</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07932</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares Par Value $1.00</value>
            </securityTitle>
            <transactionDate>
                <value>2009-05-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>59.34</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>100</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares Par Value $1.00</value>
            </securityTitle>
            <transactionDate>
                <value>2009-05-19</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>59.35</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>200</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ David J. Christensen by his Attorney-in-Fact Paul K. Wustrack, Jr.</signatureName>
        <signatureDate>2009-05-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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