IN BRIEF: East Star progresses Kazakhstan gold exploration JV

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Says its gold exploration joint venture with Endeavour Exploration Ltd, a subsidiary of Endeavour Mining PLC, is moving into systematic exploration. Endeavour can earn a 51% interest by funding USD5 million of qualifying exploration expenditure during a two-year Stage 1 period.

East Star says the partners have completed reconnaissance across 15 priority targets, submitted exploration licence applications covering more than 930 square kilometres and established an in-country team of two senior and four junior geologists. The partners have compiled historical geological and exploration data and started prospectivity mapping to identify targets for gold and other mineral systems.

The joint venture will move into systematic field exploration, including geological mapping and soil and geochemical sampling, once licence applications are granted.

Current stock price: 8.68 pence

12-month change: nearly quadrupled from 1.72p

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