Empresa conjunta de exploración de cobre alojada en sedimentos
29 de febrero de 2024
East Star Resources Plc
("Estrella del este" o la "Empresa")
Empresa conjunta de exploración de cobre alojada en sedimentos
&
Appointment of Technical Director
East Star Resources Plc (LSE:EST), the Kazakhstan focused copper exploration and resource development company, is pleased to announce it has entered into a joint venture agreement with Getech Group Plc (AIM: GTC) ("Getech"), a world-leading locator of subsurface resources, to explore for sediment-hosted copper deposits in Kazakhstan. The JV will be conducted through a wholly owned East Star subsidiary established specifically for this purpose (the "JV Company").
JV with Getech
Pursuant to the Agreement, Getech will deploy its unique data set, geoscience expertise, AI-driven analytics, and extensive GIS capabilities, to carry out initial targeting in return for an option to obtain 5% of the JV company upon the granting of an exploration licence within the outlined area of interest. East Star will provide on-the-ground logistics and project management including licence procurement, as well as geological expertise led by East Star director, Chris van Wijk.
Siguientes Pasos
Getech and East Star are conducting a targeting exercise over basins prospective for sediment-hosted copper in Kazakhstan using their combined geological data, advanced algorithms, and expertise. The JV aims to complete this exercise in time for the start of the field season in Kazakhstan around April 2024 at which time field evaluations of the most prospective areas identified will commence. Pending the results of field visits, East Star aims to acquire additional licences prospective for sediment-hosted copper in the forthcoming season.
Appointment of Technical Director
East Star is delighted that Chris van Wijk, who joined East Star's board as a non-executive director last month, has agreed to become Technical Director. Mr van Wijk's extensive geological expertise, including a role as the Principal Geologist, Business Development and Exploration of Fortescue Metals Group with a focus on copper and gold porphyries in South America. Prior to this, van Wijk was the Principal Geologist in charge of sediment-hosted copper exploration for First Quantum Minerals where he developed the targeting strategy for this style of deposit and led a highly skilled team responsible for evaluating sediment-hosted copper projects in Zambia, Namibia, Botswana and Australia.
Alex Walker, CEO de East Star, comentó:
"Sediment-hosted copper deposits account for around 20% of global copper production. These types of discoveries have the potential to become Tier-1 deposits which are sought after by global mining majors. At no upfront cost to East Star, this play-type adds a potential third strand to East Star's copper strategy, which includes more advanced VMS exploration and a BHP-backed porphyry exploration programme. We look forward to working with Getech to apply their unparallelled database and modern geoscientific expertise to underexplored basins in Kazakhstan.
Further, Chis van Wijk taking on an executive role brings outstanding geological pedigree, particularly with regard to sediment-hosted copper and porphyry exploration which, when paired with East Star's proven ability to efficiently and effectively execute exploration in Kazakhstan, will take the Company to the next level."
Richard Bennett, Getech CEO, commented:
"Esta colaboración nos presenta un importante potencial de crecimiento y riesgos mínimos. En caso de una campaña de exploración exitosa, obtenemos una participación del 5% en uno o más activos mineros. La opción tiene un potencial de creación de valor transformador, que podemos monetizar en varias etapas. Por lo tanto, esta es una oportunidad emocionante para Getech, y estamos avanzando en otras transacciones similares en las que buscamos aprovechar nuestros datos y experiencia para asegurar la participación de activos en ubicaciones prometedoras".
East Star Resources Plc
Alex Walker, director ejecutivo
Tel: +44 (0)20 7390 0234 (a través de Vigo Consulting)
SI Capital (Corporativo Broker)
nick emerson
Tel.: +44 (0) 1483 413 500
Peterhouse Capital Limited (sociedad Broker)
Peter Green Smith
Tel: + 44 (0) 20 7469 0930
Vigo Consulting (Relación con Inversores)
Ben Simons/Peter Jacob
Tel.: +44 (0) 20 7390 0234
Acerca de East Star Resources Plc
East Star Resources se centra en el descubrimiento y desarrollo de recursos de cobre en Kazajstán. Con ocho licencias que cubren 1,190.3 km² en tres distritos ricos en minerales de Kazajstán, East Star está llevando a cabo programas de exploración, aplicando la geofísica moderna para descubrir minerales en niveles que no habían sido explorados anteriormente. El proyecto más avanzado de East Star es un depósito de cobre en el cinturón VMS Rudny Altai de clase mundial, donde la compañía está trabajando para la entrega de un recurso de cobre a cielo abierto que cumpla con JORC cerca de la infraestructura, a poca distancia de los molinos de terceros con exceso de capacidad. La gestión de East Star se basa permanentemente en el terreno, respaldada por la experiencia local, una empresa conjunta con la compañía minera estatal en ciertos proyectos y subvenciones de BHP a través del programa BHP Xplor para la exploración de pórfidos de cobre.
Visita nuestro sitio web:
www.eaststarplc.com
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Acerca de Getech
Getech is a leading locator of the energy and mineral resources essential for the world's energy transition. Getech's unique data encompassing the most recent 400 million years of Earth's evolution, coupled with its geoscience expertise, AI-driven analytics and extensive GIS capabilities, enables Getech to provide valuable and actionable insights to support resource discovery and development.
Getech's client portfolio is wide-ranging, from governments, municipalities, natural resources and energy companies to consumer goods and computing services companies, all striving to become energy and minerals self-sufficient and drive towards net zero.
Fundada en 1994, Getech cotiza en el Mercado de Inversión Alternativa de la Bolsa de Valores de Londres.cambiar ("AIM"), con símbolo de cotización GTC.
La persona que arregló el lanzamiento de este anuncio fue Alex Walker, CEO de la Compañía.
This announcement contains inside information for the purposes of Article 7 of Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR"). Upon the publication of this announcement, this inside information (as defined in UK MAR) is now considered to be in the public domain.
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