East Star Resources (GB:EST) has released an update.
East Star Resources Plc successfully raised £1.16 million through an oversubscribed offering of new shares, aimed at funding the advancement of its Verkhuba Copper Deposit in Kazakhstan and drill-testing other high-potential copper targets. The company is focusing on developing the Verkhuba deposit, which has shown promising copper grades and is located in an area with established infrastructure. In addition to enhancing the Verkhuba project, the funds will aid in exploring the Rudny Altai volcanogenic massive sulphide belt for additional copper resources.
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