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
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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.