공시 • 11h
Eastern Resources Limited Reports Assay Results from Maiden Sampling Work At Marengo Gold Project Eastern Resources Limited received assay results from its maiden sampling work at the Marengo Gold project, approximately 45km southeast of the 1.1Moz Mt Carlton Gold mine. All 60 rock chip samples returned anomalous levels of gold. 20 samples exceeded 1.0 g/t Au and 13 samples exceeded 5.0 g/t Au, with an outstanding assay of 12.3 g/t Au. The results enhance the significant potential for gold mineralisation with the Project, both in shallow high-grade quartz veins and larger scale porphyry epithermal style bulk mineralisation targets. High-grade rock chip results returned from the Project include: Sample 3017023: 12.30 g/t Au, 9.2 g/t Ag; Sample 3017027: 8.91 g/t Au, 153.0 g/t Ag; Sample 3017036: 10.25 g/t Au, 9.9 g/t Ag; Sample 3017049: 9.43 g/t Au, 3.5 g/t Ag; and Sample 3017053: 8.71 g/t Au, 21.0 g/t Ag. These follow on from historical high-grade rock chip results which included: Sample 630615: 30.4 g/t Au, 22 g/t Ag, 3.15% Cu; Sample 630596: 149.8 g/t Au; Sample BMARS028: 59.4 g/t Au, 297 g/t Ag; Sample BMARS044: 28.2 g/t Au, 146 g/t Ag; and Sample BARS052: 34.3 g/t Au, 99 g/t Ag. The maiden exploration program used mapping and sampling to locate historic workings and identifying vein extensions at surface. The Project area is known for shallow high-grade gold-bearing quartz veins where high-grade gold has been identified in rock samples at the historical workings. One Mile Mountain, Sulphide Shaft, and Seymour’s Reef prospects were the focus of this program, covering an approximately 750-hectare target area representing an overall northwest trending zone 9 kilometres in length, up to 2 kilometres in width. This area contains more than 50% of the known historic workings, which have undergone extreme structural events identified by ground magnetics and IP surveys carried out by BGM Investment Pty Ltd. Previous significant rock chip samples with GPS recorded locations were mostly confirmed, though many were not resampled. A vein system named Reza’s Reef with approximately 1.7km of continuous strike length reaching an estimated width of 1m has been newly discovered and is accompanied by up to two parallel veins of similar width. At Flat Reef, Homeward Bound and Tiger’s Mate workings, there are northwest-southeast and northeast-southwest oriented veining trends. The bulk of the veins strike close to north-south (010 to 350 degrees), with variable lateral extent. All 60 rock chip samples were assayed at ALS Townsville by AA26 for Au and method ME-ICP61 for a suite of path-finder elements. Fifty-four of the 60 samples have >0.1ppm Au; two of the samples have more than 10ppm Au (maximum 12.3ppm); another 10 have more than 5ppm Au; 10 have more than 1ppm Au; 6 more than 0.5ppm Au and 16 more than 0.1ppm Au. There are nine other elements that make up the pathfinder suite for the gold samples. The most enriched and best correlated with Au are Ag, Bi, Mo, W, S, Cu, Pb. Within this there seems to be a high-grade gold association with Bi and a lower grade gold association with the base metals especially Cu. The implication for future sampling is that base metals are a guide to the general area of Au enrichment, but the high grade is best indicated by Bi. The best samples are additional and repeat samples on some of the known reefs that confirm and extend the mineralisation on those veins. The fieldwork also led to the discovery of a prospective NNE oriented vein system at Reza’s Reef prospect. The vein system has approximately 1.7km of continuous strike length reaching an estimated width of 1m and is accompanied by up to two parallel veins of similar width. There are 18 new samples along the previously unmapped Reza’s Reef that extends 1700m NNE between One Mile Mountain and the Homeward Bound group of prospects. The consistency of samples along this reef returning >1ppm Au make it a good target for follow-up more detailed exploration. Table 1: multi-element assays for the samples with more than 1ppm Au. Internationally recognized consultant geologist, Dr Gregg Morrison has classified the samples according to the presence of Cu and Fe gossan, brecciation and shearing, and quartz vein or rock type. The lowest grade samples are buck quartz only; the anomalous grades are with sheared or brecciated quartz veins with some Fe oxide fracture-fill; the samples with higher grades have breccia with cavity-fill Fe oxide; and the highest grade have rocks or quartz veins that are brecciated and have cavities filled with Cu and Fe oxides. The Ag & Bi are consistently high in all the samples with more than 1ppm Au, but the other pathfinders like Cu Fe S are variable at least in part due to redistribution due to weathering. It is difficult to visually estimate the actual grade of the individual samples not only for Au but also for the associated elements. The general observation that gossanous samples with cavities and breccia overprinting otherwise barren buck quartz implies there is a necessary additional phase of deformation and mineralising fluid ingress beyond initial vein emplacement. Thus, the structural history & geometry of the deformation phase offers the best hope of interpreting the ore geometry and continuity. New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$125k revenue, or US$87k). Market cap is less than US$10m (AU$3.89m market cap, or US$2.72m). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Jason Hou was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Jan 08
Eastern Resources Limited Announces Resignation of Mark Calderwood as Non-Executive Director, Effective January 8, 2026 Eastern Resources Limited advised that Mr. Mark Calderwood has tendered his resignation as Non-Executive Director due to an increasing workload with other entities, effective from January 8, 2026. 공시 • Oct 01
Eastern Resources Limited, Annual General Meeting, Nov 19, 2025 Eastern Resources Limited, Annual General Meeting, Nov 19, 2025. 공시 • Oct 03
Eastern Resources Limited, Annual General Meeting, Nov 20, 2024 Eastern Resources Limited, Annual General Meeting, Nov 20, 2024. 
