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Eastern Resources Limited ( (AU:EFE) ) just unveiled an announcement.
Eastern Resources Limited has been actively advancing metallurgical testwork at its Lepidolite Hill Lithium Project, partnering with consultancy Nagrom. Notable progress includes receiving preliminary test results indicating lithium recovery rates of 80% to 82% using magnetic separation and flotation. The company is also advancing the Environmental Effects Assessment for its Nowa Nowa Iron Project, although no exploration activities occurred at other lithium sites in the quarter. Financially, the company holds $3.77 million in cash, has restructured its capital, and is exploring potential acquisitions.
More about Eastern Resources Limited
Eastern Resources Limited operates in the mining industry and focuses primarily on lithium and iron projects. The company’s key projects include the Lepidolite Hill Lithium Project and the Nowa Nowa Iron Project, with additional interests in other lithium prospects such as Trigg Hill, Yalgoo West, and Lake Johnston.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.05M
See more data about EFE stock on TipRanks’ Stock Analysis page.
