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East Star Resources ( (GB:EST) ) has provided an update.
East Star Resources has announced an Independent JORC-Compliant Exploration Target for the Rulikha Deposit in Kazakhstan, with an upper limit estimate of 23 million tonnes at 2.4% copper equivalent. This deposit could potentially contain over 550,000 tonnes of copper, significantly enhancing the company’s copper inventory. The announcement highlights the near-surface, high-grade copper, multiple payable metals, and excellent infrastructure, although challenges such as water and environmental approvals remain. If converted to a JORC resource, Rulikha could triple East Star’s copper inventory, indicating a robust operation and potential shared benefits with local communities.
More about East Star Resources
East Star Resources is a company focused on the discovery and development of copper and gold in Kazakhstan. The company employs multiple exploration strategies, including volcanogenic massive sulphide exploration and copper porphyry and epithermal gold exploration, with a strategic joint venture agreement with Endeavour Mining for gold exploration.
Average Trading Volume: 2,506,254
Technical Sentiment Signal: Buy
Current Market Cap: £9.02M
See more data about EST stock on TipRanks’ Stock Analysis page.