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East Star Resources ( (GB:EST) ) just unveiled an announcement.
East Star Resources Plc has been awarded a new exploration licence at the Rulikha Deposit in Kazakhstan, covering the remaining part of an induced-polarisation anomaly. This acquisition allows East Star to fully own the anomaly and proceed with further exploration, leveraging historical drilling data to assess economic viability. The new licence adds a second Soviet-era deposit to East Star’s assets, enhancing its VMS exploration opportunities. Despite potential permitting challenges due to the site’s proximity to a settlement, the deposit’s location near existing infrastructure could facilitate economic extraction, benefiting stakeholders and strengthening East Star’s position in the region.
More about East Star Resources
East Star Resources Plc is a company focused on the discovery and development of copper and gold in Kazakhstan. The company is engaged in exploring Volcanogenic Massive Sulphide (VMS) deposits and copper porphyry and epithermal gold opportunities, with a management team based locally in Kazakhstan.
Average Trading Volume: 1,741,581
Technical Sentiment Signal: Buy
Current Market Cap: £8.91M
For a thorough assessment of EST stock, go to TipRanks’ Stock Analysis page.