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LONDON - East Star Resources Plc (LSE:EST), a mining company engaged in copper and gold exploration in Kazakhstan, announced today that its shareholders have passed all the proposed resolutions during the Annual General Meeting (AGM). The AGM, which took place earlier today, saw the company’s agenda items approved without issue.
The company, which has a permanent management team on the ground in Kazakhstan, is actively exploring for Volcanogenic Massive Sulphide (VMS) deposits, with a reported maiden JORC Mineral Resource Estimate (MRE) of 20.3 million tonnes at 1.16% copper, 1.54% zinc, and 0.27% lead. This discovery is located in an area with existing infrastructure, which the company believes could allow for a low capital expenditure development.
In addition to VMS exploration, East Star is also involved in the search for copper porphyry and epithermal gold deposits. The company has outlined multiple prospects for Tier 1 deposits and received an initial grant of US$500,000 from BHP Xplor in 2024 to support these efforts.
Another aspect of East Star’s exploration strategy includes a partnership with Getech for sediment-hosted copper exploration. This collaboration involves an initial targeting strategy that comes at no cost to East Star.
The announcement of the positive outcome at the AGM was arranged by Alex Walker, the CEO of East Star Resources Plc. The company has made it clear that the information shared in the announcement is considered inside information as per the UK Market Abuse Regulation (UK MAR), and with the publication of this announcement, such inside information is now deemed to be in the public domain.
East Star Resources Plc has not provided further details on the specific resolutions that were passed at the AGM. The company has a presence on social media platforms and a website where interested parties can subscribe to email alerts for news updates. This report is based on a press release statement.
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