SMALL-CAP WINNERS & LOSERS: East Star exploration work "encouraging"
4th Feb 2025 10:11
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
East Star Resources PLC - Kazakhstan-focused copper exploration and resource development company - Says soil sampling at its Snowy licence, on the paleozoic Balkash-Ili volcanic arc in Kazakhstan, has identified a very large gold in soil anomaly of 5 kilometres by 1km. It also identified a second large 2km by 2km anomaly with porphyry potential. Based on this data, the group believes its Snowy licence warrants further exploration. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
East Star Resources PLC - Begins the next phase of drilling at the Verkhuba copper deposit in the East Region of Kazakhstan. It expects the programme to involve at least 4,000 metres of diamond core drilling, and provide further material for metallurgical test work. At least 1,000 metres are expected to be drilled this year, with the rest of the programme to be completed "as early as possible" in 2025. Read More
East Star Resources PLC - Kazakhstan-focused copper exploration and resource development company - Raises GBP1.2 million from oversubscribed subscription at 115 pence per share. Proceeds from the fundraising will be used to advance the development concept at Verkhuba through to a stage where economic feasibility can be demonstrated. At the same time, the company intends to advance and drill-test several high-impact targets in the Rudny Altai VMS Belt and progress its targeting strategy for tier 1 copper porphyry and sediment-hosted copper deposits. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
East Star Resources PLC - Kazakhstan-focused copper exploration and resource development company - Says soil sampling and spectral analysis of 2,800 samples completed at the Ayagoz and Snowy licences on the Balkash-Ili magmatic arc, which are prospective for copper porphyry deposits. Exploration has initially been funded by the USD500,000 BHP Xplor grant, East Star explains. Read More
East Star Resources PLC - Kazakhstan-focused copper exploration and resource development company - Says it has received a number of verbal and written offers pursuant to the formal process announced in April. This relates to the company's 100%-owned Verkhuba copper deposit in the Rudny Altai VMS Belt. While the board has not formally accepted an offer, the process of vetting counterparties has begun. East Star intends to finalise the process as soon as practicable. Read More
(Alliance News) - Getech Group PLC on Tuesday said it has struck a deal with East Star Resources PLC to locate porphyry copper deposits in Kazakhstan. Read More
(Alliance News) - East Star Resources PLC shares fell slightly on Thursday, after it reported no revenue and a narrowed annual loss. Read More
(Alliance News) - East Star Resources PLC on Wednesday said it had initiated a formal process for a potential joint venture, sale, or farm-out of the Verkhuba copper deposit after receiving interest from several parties. Read More
(Alliance News) - East Star Resources PLC on Wednesday said it has been awarded its second copper porphyry exploration licence under a new exploration strategy in Kazakhstan. Read More
East Star Resources PLC - Kazakhstan-focused gold and copper exploration and development company - Updates resources model for Verkhuba copper deposit on the Rudny Altai volcanic massive sulphide belt in Kazakhstan. "The results of the remodelling have provided the company with a higher degree of confidence in the historical data and the development potential of the deposit," East Star says. It adds that it instructed AMC Consultants Pty Ltd to undertake work to produce a maiden JORC inferred resources. It expects this to take around one month, and to be ready before the start of the 2024 field season. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News: Read More
East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Wins grant of up to USD500,000 from BHP under the 2024 BHP Xplor programme to initiate a copper porphyry exploration strategy in Kazakhstan. The grant will provide funding to advance East Star's copper porphyry exploration strategy. Chris van Wijk, a geologist who developed the strategy with East Star, will join its board as non-executive director. Chief Executive Alex Walker says: "This is an exciting new strand to our copper strategy as we progress both porphyry and VMS exploration." Read More
East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - In an update on the assays from drilling at the Verkhuba copper deposit on the Rudny Altai volcanogenic massive sulfide belt, says it confirms the potential for resource development by way of open pit mining. Finds 92.5 metres of mineralisation recorded above a cut-off grade of 0.38% copper equivalent i.e. copper, lead, zinc and silver. Finds thick and high-grade intersections within the conceptual open pit shell modelled by independent consultants. Says high-grade mineralised zones match well with high-grade zones identified in over 42,000 metres of historical drilling. Finds predominantly copper mineralisation with up to 6.6% zinc identified in some intersections and notes extensive previously unidentified lower-grade mineralised envelopes around higher-grade intersections. Says gold offers potential for additional upside once assays are complete. Read More
East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Says sampling at the Talovskoye prospect on the Rudny Altai volcanic massive sulphide belt in Kazakhstan has identified high grade copper-silver mineralisation, about 17 kilometres from the Nikolovskoye processing plant. Samples include 6.3% and 8.4% of copper. Says further exploration will take place on the target, with drilling schedules for 2024. Chief Executive Officer Alex Walker said: "The Talovskoye copper/silver prospect is shaping up to be another very interesting target within our volcanic massive sulphide portfolio. The detailed mapping undertaken this year has informed our geological understanding and strengthened our view that this is a prospect we should be drilling at the nearest opportunity." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More