REG - East Star Resources - Drilling Commences at Verkhuba Copper Deposit

East Star ResourcesAnnouncement

06/11/2024 07:00

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RNS Number : 0539L  East Star Resources PLC  06 November 2024

6 November 2024

East Star Resources Plc

("East Star" or the "Company")

Drilling Commences at Verkhuba Copper Deposit

 

East Star Resources Plc (LSE:EST), which is exploring for copper in
Kazakhstan, is pleased to announce the commencement of the next phase of
drilling at the Verkhuba copper deposit in the East Region of Kazakhstan.

 

The programme is expected to comprise at least 4,000 metres of diamond core
drilling with the aim of increasing the Company's confidence in the resource
model and providing further material for metallurgical test work. The Company
expects the programme to assist in the completion of a scoping study, to
determine the economics of a mining operation, in 2025.

 

It is expected at least 1,000 metres will be drilled this year, with the
remainder of the programme to be completed as early as possible in 2025,
subject to weather.

Alex Walker, CEO of East Star, commented:

"We're very happy to be drilling again at the Verkhuba copper deposit.
Preparations for drilling began several months ago, including building heated
sea containers to allow logging, cutting and sample preparation by the East
Star geological team during winter.

 

After a detailed review of the ore bodies, extensive modelling and early-stage
mine planning, the Company has a greater understanding of the deposit and the
requirements to upgrade the quality and potentially the tonnage of the
resource. The drill programme has been designed to increase certainty of the
ore lenses within existing modelled open pits, and target gaps between lenses
where the potential to increase tonnage exists. We very much look forward to
updating the market on the results."

 

East Star Resources Plc

Alex Walker, Chief Executive Officer

Tel: +44 (0)20 7390 0234 (via Vigo Consulting)

 

SI Capital (Corporate Broker)

Nick Emerson

Tel: +44 (0)1483 413 500

 

Peterhouse Capital Limited (Corporate Broker)

Tel: +44 (0) 20 7469 0930

 

Vigo Consulting (Investor Relations)

Ben Simons / Peter Jacob

Tel: +44 (0)20 7390 0234

 

About East Star Resources Plc

 

East Star Resources is focused on the discovery and development of copper and
other strategic minerals required for the energy revolution. With eight
licences covering >1,000 km² in three mineral rich districts
of Kazakhstan, East Star is undertaking an intensive exploration programme,
applying modern geophysics to discover minerals in levels that were not
previously explored. East Star's most advanced project is a copper deposit on
the world-class Rudny Altai VMS Belt where the Company delivered a JORC
compliant inferred resource of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27%
lead close to infrastructure, within trucking distance of third-party mills
with excess capacity. East Star's management are based permanently on the
ground, supported by local expertise, and a joint venture with the state
mining company on certain projects. In 2024, East Star was selected to receive
grant funding through the BHP Xplor programme for copper porphyry exploration.

 

Visit our website:

www.eaststarplc.com (http://www.eaststarplc.com)

 

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/east-star-resources/
(https://www.linkedin.com/company/east-star-resources/)

 

X (formerly Twitter): https://x.com/EastStar_PLC (https://x.com/EastStar_PLC)

 

Subscribe to our email alert service to be notified whenever East Star
releases news:

www.eaststarplc.com/newsalerts (http://www.eaststarplc.com/newsalerts)

 

The person who arranged for the release of this announcement was Alex Walker,
CEO of the Company.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market
Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR"). Upon the
publication of this announcement, this inside information (as defined in UK
MAR) is now considered to be in the public domain.

 

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