Eastern Metals Limited Reports Quarterly Activities and Announces Strategic Changes

Eastern Metals Limited ( (AU:EMS) ) has provided an announcement.

Eastern Metals Limited has released its quarterly activities report for March 2025, highlighting key developments and financial updates. The company completed site rehabilitation at its Cobar Project in New South Wales, while no exploration activities were conducted at the Arunta Project in the Northern Territory. A significant corporate change includes the appointment of Ian White as Non-Executive Chairman following Dr. Jason Berton’s retirement. Financially, Eastern Metals reported a cash reserve of $49,000 and announced an initial placement to raise $250,000, with plans for a subsequent placement aiming to raise up to $4,000,000. The resignation of CEO Ley Kingdom was also announced, effective May 2025.

More about Eastern Metals Limited

Eastern Metals Limited is a company operating in the mining industry, focusing on exploration projects. Its primary activities include the exploration and evaluation of mineral tenements, with projects located in New South Wales and the Northern Territory, Australia.

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Technical Sentiment Signal: Buy

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