Inactive Instrument

Copper

Commodity

East Star wins second exploration licence at Kazakh project

March 20, 2024 at 10:06 am EDT

(Alliance News) - East Star Resources PLC on Wednesday said it has been awarded its second copper porphyry exploration licence under a new exploration strategy in Kazakhstan.

The Kazakhstan-focused gold and copper exploration and development company said the strategy is funded through a USD500,000 grant from the BHP Xplor programme.

The grant was first announced in January.

Together with BHP Xplor, East Star said it is carrying out "regional target generation "for copper porphyry deposits, mainly focussed on the Balkash-Ili magmatic arc and Aktogai-Aidarly deposits.

East Star said that it intends to secure more exploration licences within the area of interest for future field work.

The BHP Xplor grant will go towards licence costs, field programmes, desktop evaluation work, and staff and administrative costs, it said.

The programme will be managed by East Star with input from BHP.

East Star Technical Director Chris van Wijk said: "We are delighted to have our second copper porphyry licence granted since the beginning of BHP Xplor programme. This is also the third licence granted to East Star using the newly implemented Kazakh online portal system. This demonstrates that East Star is able to promptly formulate compliant applications for new licences and that the Kazakh ministerial process for granting new applications is working efficiently."

Shares in East Star were flat at 1.54 pence each in London on Wednesday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Copper

G11 Resources Completes Wilandra Project Reverse Circulation Drilling	08:01pm	MT
Challenger Gold Finds 20 km2 Copper Target at Hualilan Project in Argentina	06:17pm	MT
TSX climbs back above 22,000 as resource shares rally	Apr. 29	RE
TSX Closer: Geopolitical Tensions and Rising Resources Issues Push the TSX Higher Again	Apr. 29	MT
Codelco plans lithium exploration in Pedernales salt flat in late 2024	Apr. 29	RE
GR Silver Mining Agrees to Sell Marlin Gold Mining to WP Servicios Industriales	Apr. 29	MT
Rogue Baron buys Eight Vodka for GBP70,000	Apr. 29	AN
RentGuarantor revenue up; Aura progresses Tiris	Apr. 29	AN
European Green Transition plc Signs Option Deal for Cyprus Project	Apr. 29	MT
Libertine's strategic review; One Health sales up	Apr. 29	AN
Great Pacific Gold Granted Exploration License For Wild Dog Project in Papua New Guinea	Apr. 29	MT
Teck Resources Price Target Increased to $73 from $72 by B. Riley Securities, "Buy" Rating Confirmed	Apr. 29	MT
Smarttech247 inks USD2.1 million contract	Apr. 29	AN
First Quantum Minerals On Placing Ravensthorpe on Care and Maintenance Amidst "Depressed" Nickel Price	Apr. 29	MT
Arizona Sonoran Copper Details Latest Drill Results from MainSpring Target in Cactus Project	Apr. 29	MT
GoldMining Reduces Royalty on Crucero Project in Peru	Apr. 29	MT
TSX futures indicate upbeat open as metal prices gain	Apr. 29	RE
Western Copper and Gold Says Rio Tinto to Exercise Participation Right in Full	Apr. 29	MT
PetroChina's First-Quarter Net Profit Rose on Higher Sales -- Commodities Roundup	Apr. 29	DJ
Arizona Sonoran Copper Brief: Says Drilled 1,206 ft (368 m) of 0.56% CuT at MainSpring and Completed Initial MainSpring Inferred Drill Program	Apr. 29	MT
Western Copper and Gold Brief: Announcing Exercise of Participation Right In Full By Rio Tinto	Apr. 29	MT
Analysis-Panama presidential contenders downplay gathering economic clouds	Apr. 29	RE
Atalaya Mining moves to Main Market on London Stock Exchange from AIM	Apr. 29	AN
Firefly Metals Hits Further Copper Mineralization Outside of Green Bay Project Resource	Apr. 29	MT
Southern Hemisphere Mining Identifies Two Drill Targets at Chilean Porphyry System; Shares Up 6%	Apr. 29	MT