Reported Earnings • Mar 10
First half 2026 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2025) First half 2026 results: AU$0.002 loss per share (in line with 1H 2025). Net loss: AU$271.5k (loss widened 5.6% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Jan 08
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. 2 experienced directors. 1 highly experienced director. 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. Aankondiging • 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. Aankondiging • Oct 01
Eastern Resources Limited, Annual General Meeting, Nov 19, 2025 Eastern Resources Limited, Annual General Meeting, Nov 19, 2025. Reported Earnings • Sep 23
Full year 2025 earnings released: EPS: AU$0.009 (vs AU$0.007 loss in FY 2024) Full year 2025 results: EPS: AU$0.009. Net loss: AU$1.08m (loss widened 28% from FY 2024). Reported Earnings • Mar 19
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.006 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (improved from AU$0.006 loss in 1H 2024). Net loss: AU$257.0k (loss narrowed 65% from 1H 2024). Aankondiging • Oct 03
Eastern Resources Limited, Annual General Meeting, Nov 20, 2024 Eastern Resources Limited, Annual General Meeting, Nov 20, 2024. New Risk • Sep 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-AU$2.6m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$165k revenue, or US$112k). Market cap is less than US$10m (AU$4.97m market cap, or US$3.39m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Oct 21
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 15% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (AU$72k revenue, or US$45k). Market cap is less than US$10m (AU$9.94m market cap, or US$6.27m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Aankondiging • Oct 05
Eastern Resources Limited, Annual General Meeting, Nov 21, 2023 Eastern Resources Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider the re-election of directors. Reported Earnings • Sep 27
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (improved from AU$0.003 loss in FY 2022). Net loss: AU$718.9k (loss narrowed 76% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Aankondiging • Jun 07
Eastern Resources Limited (ASX:EFE) completed the acquisition of 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT). Eastern Resources Limited (ASX:EFE) entered into a binding agreement to acquire 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) for AUD 0.55 million on May 8, 2023. The consideration will be paid in three tranches: Tranche 1: AUD 50,000 deposit within 10 business days of execution; Tranche 2: AUD 100,000 at Completion (which will take place 20 business days after signing); and Tranche 3: AUD 400,000 within 10 business days of the date that M15/1874 is granted and transferred to Eastern Resources.Eastern Resources Limited (ASX:EFE) completed the acquisition of 70% interest of Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) on June 7, 2023. Aankondiging • May 09
Eastern Resources Limited (ASX:EFE) entered into a binding agreement to acquire Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) for AUD 0.55 million. Eastern Resources Limited (ASX:EFE) entered into a binding agreement to acquire Lepidolite Hill Lithium Project from Lithium Australia Limited (ASX:LIT) for AUD 0.55 million on May 8, 2023. The consideration will be paid in three tranches: i. Tranche 1: AUD 50,000 deposit within 10 business days of execution; ii. Tranche 2: AUD 100,000 at Completion (which will take place 20 business days after signing); and iii. Tranche 3: AUD 400,000 within 10 business days of the date that M15/1874 is granted and transferred to Eastern Resources. Aankondiging • Dec 07
Eastern Resources Limited Announces Spodumene has been Identified in Drill Samples at the Trigg Hill Project Eastern Resources Limited announced spodumene has been identified in drill samples at the Trigg Hill Project (Project). Maiden drilling at the Project has identified significant thickness of pegmatites in multiple holes with assays still pending. A recent mineralogical review of samples from several intercepts in maiden drilling has confirmed the presence of abundant spodumene by multiple methods including logging, XRD scans and fluorescence. The phase 2 drill program has been expanded to approx. 2,500m. Assay results from the maiden drill program are pending analysis and will be announced when received. The Trigg Hill Project is located in East Pilbara, Western Australia and approx. 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early of 1980s. A significant number of pegmatite outcrops have been mapped over an area of 3km strike by up to 1.2km in the Trigg Hill Lithium-Tantalum Project including the East Curlew Lithium-caesium-tantalum (LCT) pegmatite, which extends for at least 1,800m. Rock-chip assays confirm extensive lithium-caesium-tantalum (LCT) pegmatites, with results up to 2.28% Li2O, 1,552ppm Cs2O, and 514ppm Ta2O5 from the Curlew East pegmatite swarm. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project and has recently given notice of exercise of the option. Aankondiging • Nov 21
Eastern Resources Limited Commences Phase 2 Reverse Circulation (Rc) Drilling At the Trigg Hill Lithium Project Eastern Resources Limited announced that it has commenced Phase 2 reverse circulation (RC) drilling at the Trigg Hill lithium project. In October a maiden RC drilling programme was completed. A total of 32 holes drilled of which 30 holes intercepted pegmatites, with numerous significant intercepts achieved. Though assays are pending, the Company is highly encouraged by the logged pegmatite intercepts at the Project, and based on geology and mineralogy, has commenced a phase 2 RC drilling programme to expedite the progress of the Project prior to the wet season. The Phase 2 drillingprogramme, a minimum 2,000 metres, is designed to test extensional targets along strike and at depth of pegmatites intercepted in Phase 1, at the Curlew and Trigg Hill Prospects. Assay results from the maiden drilling campaign are pending analysis and will be announced when received. Trigg Hill Lithium-Tantalum Project The Trigg Hill Project is located in East Pilbara, Western Australia and approx. 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early of 1980s. A significant number of pegmatite outcrops have been mapped over an area of 3km strike by up to 1.2km in the Trigg Hill Lithium-Tantalum Project including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. Rock-chip assays confirm extensive lithium-caesium-tantalum (LCT) pegmatites, with results up to 2.28% Li2O, 1,552ppm Cs2O, and 514ppm Ta2O5 from the Curlew East pegmatite swarm. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project and has recently given notice of exercise of the option. Aankondiging • Oct 25
Eastern Resources Limited Announces That Heritage Inspection Completed At the Taylor Lookout Lithium-Tantalum Project in the Kimberley Region, Western Australia Eastern Resources Limited announced that a Heritage Inspection has been completed at the Taylor Lookout Lithium-Tantalum project in the Kimberley Region, Western Australia. Final report of the Heritage inspection was received late last week. Following the completion of the Heritage Inspection, field mapping and sampling is planned to assess the tenement for pegmatite-hosted Lithium-Caesium-Tantalum (LCT) mineralization in the December quarter. The Company submitted a Heritage Impact Assessment Notice to the Kimberley Land Council Aboriginal Corporation ("KLC") in the second half of April 2022 for proposed sampling and mapping work at the Project area, which is a requirement of the Heritage Protection Agreement executed between KLC and Legacy Iron Ore Ltd, the Project tenement holder. The Heritage Inspection was conducted on site over two days in early September 2022, and covered areas impacted by the Company's proposed exploration activities. The Company is especially grateful to the Traditional Owners, the KLC, Environmental Heritage Social Impact Services Pty Ltd, the anthropologist and Terra Search Pty Ltd. for having undertaken the Heritage Inspection in very hot and difficult conditions. The cooperation underpinning this Heritage Inspection ensures the ongoing exploration at the Project, and the Board passes its thanks to all involved for their participation and assistance. TAYLOR LOOKOUT LITHIUM TANTALUM PROJECT; The Project is located approximately 80 km southwest of Halls Creek in the Kimberley region, Western Australia. It is approximately 450km from Wyndham Port, a deep-water port with existing facilities for export of raw mined products. Numerous base metal and skarn related tin-tungsten occurrences occur within the Project, and pegmatites are common within a 10km radius of the Project. Pegmatites have been mapped but no records on mineralogy of the pegmatites are available. However, the presence of the minerals tantalum within heavy mineral concentrates is a strong indication of increased fractionation in some of the pegmatites. Eastern Lithium Pty Ltd, a wholly owned subsidiary of the Company,executed a binding Heads of Agreement with Legacy Iron Ore Ltd. to acquire up to an 85% interest in the lithium rights in the Project. Aankondiging • Oct 13
Eastern Resources Limited Announces Pegmatites Identified At Yalgoo West Project Eastern Resources Limited announce that it has identified localities containing pegmatites at its recent granted Yalgoo West tenements ("Tenements") in the highly prospective Yalgoo lithium province WA at the recent site visit. The Company conducted a site visit to recently granted Tenements of the Yalgoo West Project. As a result of this maiden site visit, multiple pegmatite outcrops have been identified within the Tenements. The zone observed contains prospective outcropping pegmatites covering an irregular area of about 1.2km x 600m, which occurs within an area of sub to outcropping greenstone. The occurrence of large pegmatites and clusters of pegmatites is encouraging. The lithium prospectivity of this region is interpreted to be associated with the granite-greenstone terranes with linear, arcuate and synformal greenstone lying between large domal masses of granite and gneiss. Field mapping and surface geochemistry is planned to assess the Tenements for pegmatite-hosted Lithium-Caesium-Tantalum (LCT) mineralization. The Yalgoo West Project (`Project') is located in the Murchison region of Western Australia about 190km by road from Geraldton and close to all necessary infrastructure. The Project is located in the Yalgoo lithium province in Western Australia. It is adjacent to Zenith Minerals' Waratah Well Lithium Project which confirms the presence of widespread lithium bearing pegmatite dykes over a 4km zone, open to the north and east under soil cover, and within a short distance from Firetail Resources' Yalgoo Lithium Project. Yalgoo West Project is highly prospective for LCT pegmatite deposits. Mapping by the Geological Survey of Western Australia has highlighted a number of pegmatite occurrences in this region. Aankondiging • Oct 11
Eastern Resources Limited, Annual General Meeting, Nov 22, 2022 Eastern Resources Limited, Annual General Meeting, Nov 22, 2022. Agenda: To consider re-election of Directors. Aankondiging • Sep 29
Eastern Resources Limited announced that it expects to receive AUD 3.011 million in funding from Yahua International Investment Development Co., Ltd. and other investors Eastern Resources Limited announced that it entered into agreement with Yahua International Investment Development Co., Ltd. for issuing 68,965,517 ordinary shares,13,793,103 free attaching options and 34,862,078 ordinary shares and in addition 6,972,416 free attaching options to new and existing sophisticated and professional investors for aggregate proceeds of AUD 3.011 million on September 27, 2022. The company will issue share at an issue price of AUD 0.028 per share, and free attaching options exercisable at AUD 0.05 each and expiring on 30 September 2025, on the basis of one option for every five shares issued. The placement is subject to a subscription agreement that includes certain conditions precedent including, amongst other things, obtaining all necessary government regulatory approvals. The Conditions must be satisfied or waived by 30 October 2022.The Placement will be undertaken in two tranches. The Company has entered into firm commitments with a number of sophisticated and professional investors to place the Investor Shares. It is expected that the Investor Shares and Investor Options will be issued on or about 3 October 2022. Yahua International Investment Development Co., Ltd will become a substantial shareholder of the Company holding a ~10% interest in the Company’s issued capital. The transaction is expected to close on October 3, 2022. Aankondiging • Sep 23
Eastern Resources Limited Receives Confirmation from the WA Department of Mines Eastern Resources Limited announced that it has received confirmation from the WA Department of Mines, Industry Regulation and Safety in relation to the granting of Yalgoo West Project tenement, E59/2653 and E59/2654 which occupies the northern limb of the Archaean Yalgoo Greenstone Belt. The two new exploration licences have been granted to Eastern Lithium Pty Ltd, a wholly owned subsidiary of the Company. The Yalgoo West Project is located in the Murchison region of Western Australia about 190km by road from Geraldton where a port facility is used for export of bulk commodities. The Project is located next to Zenith Minerals' Waratah Well Lithium Project and within a short distance from Firetail Resources' Yalgoo Lithium Project. The Project comprises 2 Exploration Licences E59/2653 and E59/2654, which covers approximately 214 km2. Regionally, the Project is located within the Archaean Yalgoo Greenstone Belt, which occupies the western portion of the Yilgarn Craton. The structure of the area is typical of the granite-greenstone terranes with linear, arcuate and synformal greenstone lying between large domal masses of granite and gneiss. Muhling & Low (1977) stated that the area consists of low to medium grade metamorphic rocks forming arcuate belts intruded by oval-shaped composite batholiths. The geology of the Project is largely rafts of mafic rocks and granite. Regional magnetics show that there is a major regional northeast-trending structure which passes through the area. There is a major post tectonic granite dome south of the town pushing the general greenstone sequence to the southeast. This is parallel to the structure which controls emplacement of the Dalgaranga Lithium- Caesium-Tantalum pegmatites further to the northeast and could be a feature for localising pegmatites in this area. The Yalgoo region is considered prospective for LCT pegmatite deposits. Mapping by the Geological Survey of Western Australia has highlighted a number of pegmatite occurrences in this region. Zenith Minerals' Waratah Well Lithium Project is immediately to the south of E59/2653, and approximately 1km to the east of E59/2654. The drilling on the Waratah Well Lithium Project completed by Zenith Minerals confirmed the presence of widespread lithium bearing pegmatite dykes over a 4km zone, open to the north and east under soil cover. Pegmatites up to 24m thick in individual holes, withsignificant lithium result at hole ZWWRC029 - 7m @ 0.67% Li2O, including 3m @ 1.31% Li2O in fresh rock at the base of a 24m thick pegmatite. There has been no previous lithium exploration carried out in the Tenement. Aankondiging • Sep 15
Eastern Resources Limited Announces Commencement of Drilling At Trigg Hill Project Eastern Resources Limited announced the commencement of reverse circulation (RC) drilling at Trigg Hill Project for lithium. The 30-hole RC drilling program, totalling 2,000 metres, is expected to be completed at Trigg Hill Project during September 2022. This first phase of drilling is designed to test a number of vertical and low angle lithium caesium and tantalum (LCT) pegmatites to obtain an understanding of zonation and lithium mineralisation. The Company has also identified potential in the eastern part of the tenement with strong LCT soil anomalism, which has not been mapped or rock chip sampled. A program of mapping and rock chip sampling to evaluate the prospectivity of this area will be undertaken following the completion of this drilling program. The Trigg Hill Project is located in East Pilbara, Western Australia and approx. 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early of 1980s. Significant number of pegmatite outcrops mapped over an area of 3km strike by up to 1.2km in the Trigg Hill Lithium-Tantalum Project including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. Rock-chip assays confirm extensive lithium-caesium-tantalum (LCT) pegmatites, with results up to 2.28% Li2O, 1,552ppm Cs2O, and 514ppm Ta2O5 from the Curlew East pegmatite swarm. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project. Aankondiging • Aug 19
Eastern Resources Limited Announces That Drilling Set to Commence At Trigg Hill Project Eastern Resources Limited announced that WA-based drilling contractor, PX Drilling, has been secured to undertake an initial program of approximately 2,000 metres of Reverse Circulation (RC) drilling. This program will target lithium rich lithium bearing pegmatites at the Trigg Hill and East Curlew prospects on the Trigg Hill Project in the Pilbara. The aim is to test a number of vertical and low angle lithium caesium and tantalum (LCT), pegmatites to obtain an understanding of zonation and lithium mineralisation. Site preparation works commenced on 17 August and are expected to complete by next week with 30 drill pads for the upcoming drilling program. PX Drilling are expected to mobilise at the early of September following drilling activities. Mapping and rock chip sampling will continue in areas previously not covered. Trigg Hill Lithium-Tantalum Project: The Trigg Hill Project is located in East Pilbara, Western Australia and approx. 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early of 1980s. Significant number of pegmatite outcrops mapped over an area of 3km strike by up to 1.2km in the Trigg Hill Lithium-Tantalum Project including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project. Aankondiging • Aug 18
Eastern Resources Limited Approves Programme of Work and Site Preparation Set to Commence At Trigg Hill Project Eastern Resources Limited announce that a heritage survey at Trigg Hill Lithium-Tantalum Project ("Project") has been completed and a PoW for the Project has been approved, providing clearance for drilling to be undertaken. Based on mapping and sampling to date, two areas will be the focus of initial drilling: The Curlew East LCT pegmatite swarm within an area 1.8km by 0.4km; The Trigg Hill LCT pegmatites within an area at least 300m by 140m. Earthmoving contractor has been secured to undertake site preparation for the planned initial drilling program at the Project. Site preparation works are scheduled for the second half of August, and drilling activities are expected to commence as soon as a driller is available. The Trigg Hill Lithium-Tantalum Project is located in East Pilbara, Western Australia, approximately 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during the 1960s and early 1980s. A significant number of pegmatite outcrops were mapped over an area of 3km strike by up to 1.2km in the Project area, including the Curlew East Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. Aankondiging • Aug 09
Eastern Resources Limited Announces Significant Lithium Assay Results at Trigg Hill Lithium-Tantalum Project Eastern Resources Limited announced recent soil samples from Trigg Hill Lithium-Tantalum Project (Project) which returned elevated levels of lithium (Li), tantalum (Ta), tin (Sn), caesium (Cs), rubidium (Rb) and niobium (Nb). The Company conducted an initial soil sampling program in April and May 2022 as a first stage assessment over the Curlew East pegmatite swarm. The soil sampling program comprised 226 samples from an area 1.6km by1.9km. The western Li +/- Ta, Sn, Cs (LCT) soil anomaly is coincident with recent rock chip samples results. A second larger LCT soil anomaly is located further to the east and pegmatites in this area have essentially not been mapped or rock ship sampled. A third large Sn, Ta, Rb anomaly occurs in the eastern part of the tenement and is related to pegmatite swarms within granite and therefore not a priority target. There appears to be a strong east to south-easterly trend to the strongest LCT soil anomalism. The initial soil sampling program has been successful in defining areas to focus detailed mapping rock chip sampling. A 2,000m RC drilling program has been planned, with additional mapping programs also planned to expand on the initial soil program in the coming months. Trigg Hill Lithium-Tantalum Project: The Trigg Hill Lithium-Tantalum Project is located in East Pilbara, Western Australia, approximately 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during the 1960s and early 1980s. A Significant number of pegmatite outcrops were mapped over an area of 3km strike by up to 1.2km in the Project, including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project. Aankondiging • Jul 09
Eastern Resources Limited Announces Outstanding Initial Assay Results from Its Recent Field Works At Trigg Hill Lithium-Tantalum Project in the East Pilbara Eastern Resources Limited announced outstanding initial assay results from its recent field works at Trigg Hill Lithium-Tantalum Project ("Project") in the East Pilbara. The Company has been conducting field work at the Project since March 2022, including mapping, rock chip sampling of outcropping pegmatites and soil sampling. Assay results from the first 124 rock chip samples have confirmed visual observations of previously reported lithium mineralisation. Rock-chip assays confirm highly anomalous levels of lithium (Li), caesium (Cs), Tantalum (Ta) and Tin (Sn) confirming the presence of fractionated LCT pegmatites. Of the samples collected from the large East Curlew pegmatite swarm, at least 80% were from LCT pegmatites. Rock-chip assays confirm highly anomalous levels of lithium (Li), caesium (Cs), Tantalum (Ta) and Tin (Sn) confirming the presence of fractionated LCT pegmatites. Of the samples collected from the large East Curlew pegmatite swarm, at least 80% were from LCT pegmatites. Trigg Hill Lithium-Tantalum Project: The Trigg Hill Lithium-Tantalum Project is located in East Pilbara, Western Australia, approximately 75km SE of Pilbara Minerals Ltd.'s Pilgangoora Lithium mine. The Trigg Hill mine is an old tantalum and tin mine operated during 1960s and early 1980s. Significant number of pegmatite outcrops were mapped over an area of 3km strike by up to 1. 2km in the Project, including the East Curlew Lithium-caesium-tantalum ("LCT") pegmatite, which extends for at least 1,800m. The Company executed a binding Heads of Agreement to acquire 100% interest in the Trigg Hill Project. From March 2022, the Company has undertaken traverse mapping, rock chip and soil sampling on several prospects, with hundreds of pegmatite outcrops discovered, some of which were sampled, however a large number still remain to be mapped and sampled. Curlew East: The Curlew East Pegmatite Swarm covers an area 2km by 1km and includes hundreds of pegmatiteoutcrops. Of the 67 samples reported to date, 80% are anomalous in combinations of Li, Cs, Ta and/or Sn with peak values of 2.28% Li2O, 1.23% Rb2O, 1,552ppm Cs2O, 514ppm Ta2O5 and 2,921ppm SnO2. The Curlew lepidolite pegmatite dips at +/- 30°towards the east. Trigg Hill: The Trigg Hill pegmatite swarm has been mapped in detail with a total of 38 samples have been reported. The main pegmatites have a low angle dip and limited exposure, and it was the main source of the tantalum and tin recovered from alluvial gravels and surface hard rock pits. Other Areas: Limited mapping sampling on the Roadside and Trigg Hill South pegmatites swarms indicates that they are unmineralised (simple) pegmatites. One sample of sheared pegmatite from Trigg Hill South contained 10.0% Cu. Aankondiging • May 13
Eastern Resources Limited Announces the Phase II Mapping and Sampling Program At the Trigg Hill Lithium-Tantalum Project Eastern Resources Limited announced the phase II mapping and sampling program at the Trigg Hill Lithium-Tantalum project ("Project") hasbeen completed. In March, the Company conducted phase I field work, and identified numerous pegmatites in the Curlew prospect and Trigg Hill prospect in the project areas. Fifty two rock chips samples were collected in the phase I field reconnaissance program, and lepidolite (lithium mica) has been visually confirmed in some of these pegmatites. The samples were submitted to laboratory in Perth for assays and analysis in April with analysis results expected shortly. The encouraging discoveries lead to a phase II field work program which commenced in the second half of April, for further sampling and detailed mapping to locate initial drill targets. During the phase II field work, an understanding of the mineralogy and extent of LCT pegmatites has improved. Initial drill target areas were refined. During the April May phase II programme, a total of 96 rock chip samples and 5 stream samples were collected across the project areas and will be delivered to Perth this week for analysis. In addition, 221 soil samples were collected along traverses across the Curlew pegmatite swarm. The soil and stream samples from this traverse will also be submitted for laboratory analysis. Results from analysis of the phase I rock chip sampling programme are expected shortly. Rock chip samples and soil samples collected in phase II field trip will be delivered to a laboratory in Perth for analysis. An initial 2,000m drill program has been planned for July 2022, pending Programme of Work ("PoW") approval. Aankondiging • Apr 12
Eastern Resources Limited Announces Positively Completed its Due Diligence on the Taylor Lookout Lithium-Tantalum Project Eastern Resources Limited announced that it has positively completed its due diligence on the Taylor Lookout Lithium-Tantalum Project ("Project"). All transaction conditions precedent of the HOA announced on 28 February 2022 have now been satisfied/waived by Legacy Iron Ltd. and the Company. A 12-month work program has been planned, and an exploration contractor has been secured to ensure field work to commence in May 2022. The Project is located approximately 80 km southwest of Halls Creek in the Kimberley region, Western Australia. It is also approximately 450km of Wyndham Port, a deep-water port with existing facilities for export of raw mined products. Numerous base metal and skarn related tin-tungsten occurrences occur within the Project, and pegmatites are common within a 10km radius of the Project. Pegmatites have been mapped but no records on mineralogy of the pegmatites are available. However, the presence of the minerals tantalum within heavy mineral concentrates is a strong indication of increased fractionation in some of the pegmatites. Tantalum, tin, lithium, niobium and beryl have been recorded to the west of the Project. Aankondiging • Feb 15
Eastern Resources Limited Announces Changes of Company Secretary Eastern Resources Limited announced the appointment of Heath Roberts as Company Secretary, effective 14 February 2022. Mr. Roberts is a Sydney based solicitor with over 25 years' experience as Company Secretary and/or Director of ASX listed entities. The Board welcomes Mr. Roberts to the Eastern Resources team. The company also announces the retirement of Mr. Ian White as Company Secretary. The Board extends sincere due to Mr. White for his valuable contribution and services to the company for nearly 10 years, and wishes him well in the future. Aankondiging • Jan 24
Eastern Resources Limited Announces Positive Feasibility Study for Nowa Nowa Iron Project Eastern Resources Limited reported on the results from the Feasibility Study (`FS') relating to the Nowa Nowa Project ("Project"). The Study is the third assessment undertaken by EFE for the entire Project following successful completion of the Scoping Study in 2012 and Feasibility Study in 2014. This Study has been revised as of January 2022 to reflect the current product philosophy and operational approach, along with updated financial metrics. The FS shows the Project is technically robust and under the assumptions of the FS would be likely to generate positive financial returns. This FS outlines the findings for the Project and includes assessment on the following: geology and mineral resource; metallurgical testwork; mining, crushing & screening; infrastructure requirements; utilities supply (power, water, fuel and communications); product haulage; port product handling and export; operations management and human resources; health and safety management; environmental and social impacts; project approvals process; cultural heritage and native title; and capital costs, operating costs and financial modelling. The following describes the key elements of the Project's base case: life of mine of approximately 6 years; mining from a single pit, the Five Mile deposit, using conventional drill, blast, load and haul mining methodology; produce approximately 1 Mtpa magnetite direct shipping ore (DSO) -30 mm product with average grade of 51.75% Fe over the life of mine; haulage via a trucking operation to the Eden port, 234 km one way from the mine site; approximately 12 - 14 shipments per annum exported through the port, operated by Pentarch Logistics (ANWE); capital cost of AUD 15.7 million (15% contingency) cash operating costs of AUD 72.00 per tonne of DSO including royalties (FOB); and pre-tax NPV (8%) of AUD 61.94M and IRR of 11.8%. The Project is located 7 km north of the township of Nowa Nowa, Victoria. It is some 320km by road east of Melbourne, and approximately 234km by road west of the Port of Eden. The Mineral Resource at Five Mile was estimated by H&SC in accordance with the JORC Code 2012. This estimate assumes a commercially minable lower cut-off of 40% iron. The operating strategy is summarised as follows: engage a mining contractor for ore extraction and stockpiling at the ROM pad; engage a mining contractor for crushing plant encompassing all crushing, screening, and stockpiling; engage a road haulage contractor for product haulage from the mine to the port; product unloading, stockpile, reclaim, ship loading and all charges at the port; and miscellaneous indirects and services for the supply of operations infrastructure and support. The FS indicates a plan to produce magnetite DSO at a 1.0 million tonnes per annum over a six-year LOM (totally approximately 4.65 million tonnes), with the opportunity to expand production once existing inferred resources at Five Mile deposit is upgraded to measured and/or indicated resources. An open cut mine is proposed, with an average waste to ore ratio of 3.22 over the six years mining including pre-strip period. Ore will be crushed and screened to produce DSO lump product ("Product"), with estimated average product grade of 51.75% over the LOM. The Product will be trucked from mine to the Port of Eden predominantly by sealed road, where it will be stockpiled prior to being loaded directly into Panamax ship vessels for export to customers. The Company is studying further opportunities to enhance the value of the Project, include the potential as follows: Extending the LOM by upgrade existing inferred resources in Five Mile deposit to measured and/or indicated resources; Exploration upside based on areas of Seven Mile project where iron ore has been identified; Increasing the production rate materially to 1.5Mtpa; Improvements in operational efficiencies and reduction of operating costs Project partnership arrangement. The key risks identified for the Project include: A significant strengthening of the Australian currency against the US currency; A significant decline in the iron ore price from the forecasted price in the FS; Delays in obtaining necessary approvals/permits; Restrictions in access to ANWE port facilities; Increased operating costs and shipping costs; Shortages in suitable staffing and contractors. Aankondiging • Dec 23
Eastern Resources Limited Announces Retention Licence Granted for Nowa Iron Project Eastern Resources Limited announced that Retention Licence RL006488 covering the Nowa Nowa Iron Project (the "Project") in East Gippsland was granted by the Department of Jobs, Precincts and Regions on 21 December 2021. The RL006488 has been granted to Gippsland Iron Pty Ltd, a wholly owned subsidiary of the Company. The Company is investigating the potential to mine iron ore from Five Mile Deposit situated north of the village of Nowa Nowa and close to the Princes Highway. The Company intends to mine the iron ore from the Five Mile Deposit using open pit mining techniques to produce magnetite direct shipping ore ("DSO") product. The DSO product would be trucked through existing road network to the Port of Eden in NSW, where it would be exported via existing port infrastructure. Board Change • Oct 31
High number of new directors Director Jason Hou was the last director to join the board, commencing their role in 2021. Executive Departure • Oct 03
Independent Non-Executive Director Therese-Marie Taylor has left the company On the 27th of September, Therese-Marie Taylor's tenure as Independent Non-Executive Director ended after 4.2 years in the role. As of June 2021, Therese-Marie still personally held 11.90m shares (AU$179k worth at the time). Therese-Marie is the only executive to leave the company over the last 12 months. Aankondiging • Sep 25
Eastern Iron Limited Announces Review of Operations Eastern Iron Limited is in the process of updating the definitive Feasibility Study of the Nowa Nowa Iron Ore Project which was completed in 2014. The Work Program for the Nowa Nowa Copper project has been submitted to Victorian Department of Jobs, Precincts and Regions. The Heads of Agreement has been executed to acquire Trigg Hill Lithium project in Western Australia. The Company is updating the existing Definitive Feasibility Study which was completed in 2014 (the "DFS") following the completion of an internal review on the Nowa Nowa Iron Project (the "Project"). The Project is located in East Gippsland, Victoria and is proximal to the Princess Highway which provides access to several nearby towns and the existing export port facility at Eden in southern NSW. The Company completed the DFS in September 2014, based on the concept that beneficiated ore @ 58% Fe fines would be produced and transported from the mine 234km by road transport to the Port of Eden. In this financial year, the Company appointed Engenium to update the DFS to review the production of a Direct Shipping Ore ("DSO") with 50% Fe magnetite content. The updated DFS will focus on mining ore at the Five Mile magnetite iron deposit but will exclude the already identified satellite deposits at Six Mile Deposit and Seven Mile Deposit (the "Satellite Deposits"). The Company considers that the DSO product strategy will maximise value for shareholders given it reduces the timetable and capital requirements for the Company to commence production. The revised DFS will assume mining of high-grade ore only. Low grade ore will not be produced and the Project's footprint is reduced accordingly. This reduced footprint and relocating the waste dump allows the realignment of Buchan Road. The length of realignment of Buchan Road is significantly reduced compared to the DFS in 2014, resulting in an expected reduced initial capital expenditure for road construction. In April 2021, the Company completed beneficiation testwork carried out by ALS Metallurgy. Drill core samples were collected from drill holes completed by Eastern Iron during resource drilling at Five Mile deposit in 2013. Composite samples were prepared from the core samples by ALS Metallurgy for Davis Tube Wash (DTW) and wet low intensity magnetic separation (Wet LIMS). A Composite sample was prepared at 50.4% Fe, 15.00% SiO 2, 2.59% Al2O3, and 0.03% P, which is in the range of iron content of the proposed DSO products for export from the Five Mile deposit. The object of this testwork was to determine the product specification of magnetite concentrates produced from Nowa Nowa DSO through Wet LIMS. The samples were tested by DTW at grind sizes of 80% passing 106, 75, and 45 micron. The samples were also treated by wet magnetic separation at grind sizes of 80% passing 45 micron and at 1100 gauss. The Wet LIMS product produced below is a high-quality iron product similar to many widely traded magnetite concentrates supplied as pellet feed in iron content and the level of deleterious elements. The proposed Project operations will process mined ore on site via crushing and screening to produce a magnetite DSO product @ 50% Fe. No on-site beneficiation will be employed which was considered in the DFS in 2014. As such, a magnetic separation plant is not required which will not only reduce the footprint of on-site infrastructure but it will also reduce initial capital expenditure and operating costs for ore processing. The Port of Eden is located in NSW and can accommodate P-Panamax vessels with up to 75,000 MT intake. Currently, the existing conveying and ship loading systems are used to export forestry products. As considered in the 2014 DFS, minimal modifications to these systems can be made to allow the facilities to be suitable for iron ore product export. Pentarch Logistics Pty Ltd. ("Pentarch") is the operator of the port facilities at the Port of Eden In August 2021, the Company and Pentarch executed an MOU, and Pentarch has agreed to provide port facilities to the Company to export iron products produced from the Project (the "Product"). The parties have agreed to work cooperatively to investigate storage of the Product and utilization of the port facilities to export up to 1.5 million tonnes per annum of the Product from the Port of Eden. In this financial year, the Company submitted a proposed drilling Work Program for Nowa Nowa Copper Project EL 006183 to the Victorian Department of Jobs, Precincts and Regions ("DJPR"). It is anticipated that all drillholes will intersect 70 - 80 metres of overburden from surface and then penetrate through mixed volcanic and sedimentary rocks hosting the target mineralisation. The programme is expected to be completed within 2 weeks of commencing work on site. The Company has entered into a binding Heads of Agreement (the "HOA") with Amery Holdings Pty Ltd. ACN 009 269 612 (Amery) to acquire 100% interest in the Trigg Hill Project (E 45/5728), located in the Shaw River district, East Pilbara, Western Australia. The Trigg Hill Project is located in East Pilbara, Western Australia about 225km by road from Port Hedland. The nearest town is Marble Bar located 78km by road. The Trigg Hill Project is adjacent to the Mont Webber DSO iron ore mine and camp (Atlas Iron), with existing mine infrastructure including roads, water bores and communications located on the Trigg Hill licence. The Trigg Hill Project is located approximately 75km SE of the Pilgangoora Lithium mine and 77km SE of the Wodgina Lithium and Tantalum mine. The Trigg Hill Project is also located 80km SW of Global Lithium Resources` Marble Bar Lithium Project. Reported Earnings • Sep 25
Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2020) Full year 2021 results: Net loss: AU$592.4k (loss widened 30% from FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 19
Eastern Iron Limited announced that it expects to receive AUD 3.565 million in funding from Sichuan Yahua Industrial Group Co., Ltd. and other investors Eastern Iron Limited announced a private placement of 155,000,000 common shares at an issue price of AUD 0.023 per share for gross proceeds of AUD 3,565,000 on September 17, 2021. The company will also issue 31,000,000 options exercisable at AUD 0.012 each and expiring on January 31, 2023. The shares will be issued in two tranches, including 109,500,000 shares and 21,900,000 options in its first tranche and remaining 45,500,000 shares and 9,100,000 options to Ya Hua International Investment and Development Co.,Limited in its second and final tranche closing. The first tranche will include participation from sophisticated and professional investors and is expected to close on September 23, 2021 and second tranche on December 31, 2021. Aankondiging • Jul 03
Eastern Iron Limited Provides Update Regarding Activity At the Wholly Owned Nowa Nowa Iron Project in Eastern Victoria Eastern Iron Limited provided the following update regarding activity at the wholly owned Nowa Nowa Iron Project (the "Project") in eastern Victoria. The Company has commenced updating the Definitive Feasibility Study ("DFS") completed in September 2014. The Company has engaged experience mining consultants, Mining One Pty Ltd. ("Mining One"), as
the lead for updating the DFS. Mining One have completed review and have provided initial waste dump and LG PAF stockpile layout. The revised DFS will assume mining of high-grade ore only. Low grade ore will not be produced and the Project's footprint is reduced accordingly. This reduced footprint and relocating the waste dump allows the realignment of Buchan Road. The length of realignment of Buchan Road is significantly reduced compared to the DFS in 2014, resulting in an expected reduced initial capital expenditure for road construction. The proposed Project mining layout will be finalised as part of the updated DFS. The proposed Project operations will process mined ore on site via crushing and screening to produce a magnetite DSO product @ 50% Fe. No on-site beneficiation will be employed which was considered in the DFS in 2014. As such, a magnetic separation plant is not required which will not only reduce the footprint of on-site infrastructure but it will also reduce initial capital expenditure and operating costs for ore processing. The Company has engaged Engenium to update the 2014 DFS processing and infrastructure which is scheduled to be completed by this September. Discussions with Pentarch Logistics Pty Ltd. ("Pentarch"), the operator of the Port of Eden have been ongoing and a site visit by the Company and Engenium was conducted in June. The Port of Eden is the proposed port facility to export final product from the Project. The Port of Eden is located in NSW, and can accommodate P-Panamax vessels with up to 75,000 MT intake. Currently, the existing conveying and ship loading systems are used to export forestry products. As considered in the 2014 DFS, minimal modifications to these systems can be made to allow the facilities to be suitable for iron ore product export. The Company and Engenium are working closely with Pentarch on the port facilities to update the 2014 DFS. The updated DFS is on track and expected to be completed in the next quarter.
The Project is located in East Gippsland, Victoria and is proximal to the Princess Highway which provides access to several nearby towns and the existing export port facility at Eden in southern NSW. Aankondiging • Feb 02
Eastern Iron Limited announced that it expects to receive AUD 1.1 million in funding Eastern Iron Limited (ASX:EFE) announced a private placement of 137,500,000 ordinary share at a price of AUD 0.008 per share for gross proceeds of AUD 1,100,000 on February 1, 2021. The transaction included participation from sophisticated investors and professional investors. The company also issued 68,750,000 options exercisable at AUD 0.012 each on or before January 31, 2023. The transaction will happen in two tranches, 62,500,000 shares and 31,250,000 options in tranche 1 without shareholder approval, and 75,000,000 shares and 37,500,000 options in tranche 2, subject to shareholder approval at the shareholders’ meeting. The trance 1 is expected to close on February 8, 2021 and tranche 2 at March 17, 2021. Aankondiging • Dec 25
Eastern Iron Limited, Annual General Meeting, Jan 29, 2021 Eastern Iron Limited, Annual General Meeting, Jan 29, 2021, at 10:00 AUS Eastern Standard Time. Location: BDO, Level 11 Margaret Street Sydney New South Wales Australia Agenda: To receive and consider the reports of the directors and the auditors, and the financial statements for the period ended June 30, 2020; to consider adoption of remuneration report; to consider re-election of Mr Myles Fang as a director; to consider ratification of issue of shares; and to consider approval of 10% placement capacity. Aankondiging • Oct 07
Eastern Iron Limited Announces Work Program of Drilling Proposal for Nowa Nowa Copper Project El 006183 Has Been Submitted to the Victorian Department of Jobs, Precincts and Regions Eastern Iron Limited announced that a Work Program of Drilling proposal for Nowa Nowa Copper Project EL 006183 has been submitted to the Victorian Department of Jobs, Precincts and Regions ("DJPR"). The tenement is located in Eastern Victoria, 270km east of Melbourne and 8km north of the township of Nowa Nowa. Gippsland Iron Pty Ltd, a wholly owned subsidiary of Eastern Iron, is the holder and manager of the tenement. It is proposed to drill four 200m RC drillholes at the Three Mile prospect. PROPOSED EXPLORATION ACTIVITIES: Eastern Iron is planning to conduct this work programme in November 2020 subject to DJPR work plan approval and drill contractor availability. It is anticipated that all drillholes will intersect 70 80 metres of overburden from surface and then penetrate through mixed volcanic and sedimentary rocks hosting the target mineralisation. The programme is expected to be completed within 2 weeks of commencing work on site. Reported Earnings • Sep 29
Full year earnings released - AU$0.0011 loss per share Over the last 12 months the company has reported total losses of AU$457.4k, with losses narrowing by 18% from the prior year. Aankondiging • Sep 17
Eastern Iron Limited Re-Commences Exploration Activities at its Nowa Nowa Copper Project Eastern Iron Limited announced that it will re-commence exploration activities at its Nowa Nowa Copper Project (Nowa Nowa) located near the town of Nowa Nowa in Victoria. Scope of work and quotations have been sought from contractors and the Company is expected to mobilise exploration at Nowa Nowa during October 2020. Work Program - Nowa Nowa Copper: The focus at Nowa Nowa is the Three Mile prospect which was originally labelled as a moderately strong well-defined magnetic anomaly that was detected in the 1980s, followed by 9 drillholes in late 1990s, drilled on a single grid east west traverse line over a distance of around 600m. Drilling intersected a sequence of acid volcanics underlain by chloritized carbonates, quartzose sediments and volcanics. In 2018, the Company completed a ground EM survey at Three Mile which confirmed the location of the anomaly detected from previous exploration, however further modelling of the ground EM data will be difficult due to the subtlety of the response and effects from the proximity of the ground EM transmitter loop. The Company is now proposing to undertake a work program at Nowa Nowa including the following: Four RC drill holes at Three Mile designed to intersect the source of the EM anomaly. Total meters: 800. New Project Search: The Company continues its search for a suitable additional exploration project. The Company is currently in discussion with a third party with a view to acquiring an interest in a mineral exploration project. At this stage, negotiations are incomplete, but are ongoing. The Company will make further announcements as the likelihood of participation in this project becomes more definite.