4 July 2024
East Star Resources
Plc
("East Star" or the
"Company")
Verkhuba - Offers
Received
East Star Resources Plc (LSE:EST), the Kazakhstan focused copper exploration and
resource development company, is pleased to announce that it has
received a number of verbal and written offers pursuant to the
formal process announced on 3 April 2024 with regards to the
Company's 100%-owned Verkhuba copper deposit ("Verkhuba") in the
Rudny Altai VMS Belt. While the Board has not formally accepted an
offer, the process of vetting counterparties has
begun.
While there is no guarantee an offer
will be accepted and agreement completed, it is the Company's
intention to finalise the process as soon as practicable.
Alex Walker, CEO, commented:
"We're pleased with the level of interest in the Verkhuba
asset, with some parties' interest going beyond Verkhuba to working
with East Star more broadly. We now look forward to finalising this
offer process.
Our field teams have been working since early June, conducting
mapping and litho-geochemical sampling over priority targets in the
Rudny Altai VMS licences to ensure the best are selected for drill
testing this year. We look forward to providing a more detailed
update on this work in the near future."
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)
Peter Greensmith
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 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 is working towards the
delivery of a JORC compliant open pit copper resource 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, a joint venture with the
state mining company on certain projects, and grant funding from
BHP through the BHP Xplor programme for copper porphyry
exploration.
Visit our
website:
www.eaststarplc.com
Follow us on
social media:
LinkedIn: https://www.linkedin.com/company/east-star-resources/
X (formerly
Twitter): https://twitter.com/EastStar_PLC
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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.