Verkhuba Copper Drill Results Update

East Star Resources Plc (LSE:EST), which is defining mineral resources in Kazakhstan for the energy revolution, is very pleased to provide an update on the assays from drilling at the Verkhuba Deposit on the Rudny Altai VMS belt.

Highlights:

• Multiple zones of massive and disseminated sulphides identified in logging have now been confirmed to contain high-grade copper
• 62 samples contained grades above the 1% Cu and 1% Zn detection limits including Hole VU_23_DD_001 which contained an intersection of 10m @ >1% Cu and 7.95 g/t Ag from 30.4m
• Mineralised zones confirm presence of high copper grades, as seen in historical drilling results
• Presence of silver in mineralised zones demonstrates potential for precious metals to be a by-product
• Results of re-assay of high-grade samples, including gold analysis, are expected in the next few weeks

Alex Walker, East Star CEO, commented:

"We are absolutely delighted with these initial results which not only demonstrate the Verkhuba Deposit contains relatively shallow high-grade copper but also provide credibility to the >42,000m of historical drill results used in our resource model - which provided a JORC Exploration Target of 19-23 Mt @ 1.4-1.9% CuEq.

"Although more work is required, the prospect of East Star being able to deliver a JORC compliant open pit copper resource right next to infrastructure and within trucking distance of third-party mills with excess capacity just got a whole lot closer. Also, having recently raised capital, the Company is fully funded for this next phase of delivering value to shareholders."

Next Steps

The Company has sent 62 of 385 samples for re-assay as results came back above detection limits of 1% for Cu or Zn. Samples sent for re-assay will also be tested for gold, based on high grade silver assays in several samples suggesting potential for precious metal by-products. The results of these assays are expected to be received in the next few weeks.

Once the final assays are returned and released to the market, the Company will need to undertake remodelling work using these results, as well as the data collected during the LIDAR survey, geological mapping, and borehole surveys, to update the geological model. A geostatistical analysis of the results against the historical results will be applied to understand what additional work is required to progress Verkhuba to a JORC compliant resource.

East Star Resources Plc

Alex Walker, Chief Executive Officer

Peterhouse Capital Limited (Corporate Broker)

Peter Greensmith

SI Capital Ltd (Corporate Broker)

Nick Emerson

Twitter: https://twitter.com/EastStar_PLC

Subscribe to our email alert service to be notified whenever East Star releases news:

The person who arranged for the release of this announcement was Alex Walker, CEO of the Company.