공지 • Jan 19
Star Copper Corp And Eastfield Resources Ltd Report Results Of Diamond Drill Holes At Indata Project Star Copper Corp. and Eastfield Resources Ltd. reported the results of three diamond drill holes recently completed on the Indata Project located 120 kilometers northwest of the community of Fort Saint James, British Columbia. Three holes totaling 532.8 meters were drilled with two of them in the recently discovered "Area 74". In 2022, hole IN22-74, drilled in "Area 74", intersected a mineralized biotite-granite which graded 0.102% molybdenum over the bottom 30.8 meters of the hole and ended at 144.5 meters in mineralization still grading 0.04% molybdenum. Hole IN25-87 drilled in the current campaign to a depth of 136.8 meters was a 50 meter step out to the north from hole IN22-74. This hole intersected 106.6 meters of altered ultramafic rock mineralized with nickel and magnesium followed to the bottom of the hole by 23.7 meters of biotite-granite mineralized with copper, molybdenum, silver and antimony. Hole IN25-89, the final hole in the current campaign, was drilled to a depth of 103.1 meters was a 330 meter step out to the north from hole IN22-74 and intersected 21.8 meters of altered ultramafic rock mineralized with nickel and magnesium followed to the bottom of the hole by 77.5 meters of biotite-granite locally weakly mineralized with gold, silver and antimony. A summary of 2025 results from "Area 74" is as follows: The significance of the discovery of nickel and magnesium mineralization at Indata can be attributed to activity by First Point Minerals Corp. who is exploring a new type of mineralization hosted by serpentinized ultramafic rock at the Decar property located approximately 50 kilometers to the south of Indata. At Decar ultramafic rocks have been shown to contain minor concentrations awaruite (an iron nickel alloy) and traces of high nickel tenor nickel sulfide. In 2011 two float samples similar to the Decar rocks were found at Indata and were subsequently examined using a scanning electron microscope (Dr. P. Lecouter). The results of the scans (of all bright metallic domains) indicate an average nickel content of 36% and 56% respectively for metallic specks in the two float samples suggesting that the small amount of metallic specks present is most likely nickel-iron alloy (awaruite) or high tenor nickel sulfide. The ultramafic rocks encountered in holes IN25-87 and IN25-89 are similar to the 2011 float samples and consequently may be the source of them. At the Lake Copper target, 5 kilometers to the north, hole IN25-88 was drilled in a northwesterly orientation to elucidate the mineralized trend encountered in 2022 in hole IN22-82 which intersected 170.7 meters grading 0.23% copper including 26.0 meters grading 0.47% copper. Although returning a narrower intercept than IN22-82 hole IN25-88 has a higher gold to copper ratio suggesting two populations of copper-gold mineralization may exist. A summary of results from hole IN25-88 is as follows: Analyses were performed by MSA LABS of Langley, BC using ICP multi-element analysis and 30-gram fire assay. Standards and blanks were inserted by the company and additional samples by the laboratory and sampling was conducted at approximately 3-metre intervals. Recoveries were generally >85%. Sample results were verified by comparing results from the standards against their posted values. The assay lab completing the work, MSA Labs, is completely independent from Star Copper Corp. and Eastfield Resources Ltd. Drill core, 4.5 cm in diameter, was cut longitudinally using a diamond tipped saw with one half going into the sample bag and one half kept on site for future work. The Indata property, encompassing 4,551-hectares (11,240-acres), is a copper-gold-silver-molybdenum porphyry prospect with additional potential for nickel and antimony. It is under option to Star Copper Corp. who may earn a 60% interest by completing $2,700,000 in exploration and paying $440,000 (cash and/or shares) by Dec 31, 2026. Eighty-seven (87) drill holes (10,049 meters) have now been completed at Indata of which 11 were completed in 2022 and 3 in 2025. Results include IN22-82 with 174.0 meters grading 0.23% copper starting at 2.9 meters (including 29.0 meters grading 0.47% copper starting at 2.9 meters). A new zone of molybdenum mineralization was discovered in 2022 five kilometers to the south of the Lake Copper Zone in what is now called "Area 74" where hole IN22-74 intersected 30.8 meters grading 0.102% molybdenum (0.16% MoS2 eq.) starting at 113.7 meters and continuing to the bottom of the hole. Results of gold exploration at Indata include hole DDH88-11 with 2.0 meters grading 86.40 g/t gold. Antimony mineralization discovered incidentally in bedrock includes 1-meter chip samples grading up to 3.80% antimony and 10.40 g/t gold. New Risk • Oct 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 81% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.02m market cap, or US$3.59m). 공지 • Oct 07
Eastfield Resources Ltd. announced that it has received CAD 1 million in funding On October 6, 2025, Eastfield Resources Ltd. closed the transaction. The private placement consisted of the sale of 50,000,000 units at a price of CAD 0.02 per unit, with each unit consisting of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of CAD 0.05 until October 1, 2027. All securities issued as part of the closing of this private placement, including any shares that may be issued pursuant to the exercise of the share purchase warrants, are subject to a hold period in Canada until February 2, 2026. Eastfield paid a cash finder’s fee of CAD 4,200 to Leede Financial Inc., of Vancouver, B.C. in connection with this private placement. Insiders of company purchased a total of 4,000,000 units in the private placement. 공지 • Aug 26
Eastfield Resources Ltd. announced that it expects to receive CAD 1 million in funding Eastfield Resources Ltd. announces a non-brokered unit private placement to issue 50 million units at a price of CAD 0.02 per unit for gross proceeds of CAD 1,000,000 on August 25, 2025. each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase an additional common share at a price of CAD 0.05 for a period of 2 years from closing. The Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including TSX-V acceptance. Certain insiders of the Company may participate, with full particulars of such participation to be included in the news release announcing the closing of the Placement. 공지 • Aug 08
Eastfield Resources Ltd., Annual General Meeting, Oct 17, 2025 Eastfield Resources Ltd., Annual General Meeting, Oct 17, 2025. Location: british columbia, vancouver Canada New Risk • Aug 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$258k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$258k free cash flow). Share price has been highly volatile over the past 3 months (48% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.23m market cap, or US$893.5k).