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East Star Assets Plc (LSE: EST), the Kazakhstan-focused gold and base metals explorer, is happy to announce that it has entered right into a binding Earn-In and Joint Enterprise Settlement (the “Settlement“) with Endeavour Exploration Restricted (“Endeavour“), a subsidiary of Endeavour Mining PLC (LSE: EDV/TSX: EDV), one of many world’s main gold producers.
Key Phrases of the Settlement
- The Settlement establishes a three way partnership between East Star and Endeavour for the exploration and growth of gold initiatives in Kazakhstan.
- Endeavour has the correct, to earn as much as an 80% curiosity in a newly integrated three way partnership firm (“JVCO“) by means of staged investments:
- Stage 1: Endeavour to take a position US$5 million inside two years to earn a 51% curiosity in JVCO;
- Stage 2: Endeavour to take a position an extra US$20 million over three years to extend its curiosity to 70%; and
- Stage 3: Endeavour to fund and full a NI 43-101 compliant Pre-Feasibility Examine (“PFS“) to earn an extra 10%, bringing its complete curiosity to 80%.
- East Star will retain a 20% curiosity in JVCO upon full earn-in by Endeavour.
- East Star will act as Supervisor of the Joint Enterprise in the course of the preliminary section and obtain remuneration for this position.
- Endeavour will make milestone funds to East Star in the course of the earn-in interval, topic to overview by an impartial Certified Particular person, primarily based on pre-agreed quantities per ounce for any Maiden Useful resource and any maiden PFS.
- Following the earn-in interval, each events will fund JVCO pro-rata to their respective shareholdings, with dilution provisions in place for non-participating events.
Alex Walker, CEO of East Star Assets, commented:
“We’re delighted to signal this Settlement with Endeavour, which is a transformational milestone for East Star that validates the standard of our exploration programme and offers a transparent pathway to unlock the full potential of our gold exploration technique.
Endeavour is a prime 10 world gold producer, with the most effective discovery observe information within the sector and, importantly, they’ve a superb observe file of changing these discoveries into mines, having constructed 5 initiatives within the final 11 years, all to plan, throughout three jurisdictions. In consequence, Endeavour is a world class associate for East Star and we look ahead to delivering worth collectively, for all of our stakeholders.“
Determine 1: Areas of Curiosity topic to the Settlement. Two confirmed, underexplored mineral belts
Discover of Investor Webinar
East Star will host a webcast and Q&A for buyers to debate the $25M+ strategic JV settlement with Endeavour Mining for gold exploration in Kazakhstan by way of the Investor Meet Firm platform on Tuesday, 18 November 2025 at 10 a.m. GMT. A recording of the webcast, together with the accompanying slides, shall be made out there on the Firm’s web site later that day.
Traders can signal as much as Investor Meet Firm totally free and add East Star Assets plc to be able to attend the webcast by way of: https://www.investormeetcompany.com/east-star-resources-plc/register-investor.
Traders who already comply with East Star Assets plc on the Investor Meet Firm platform will robotically be invited. Questions will be submitted pre-event by way of the Investor Meet Firm dashboard up till 9 a.m. GMT on 17 November 2025, or at any time in the course of the stay presentation. No materials new monetary or different info shall be offered.
Contacts:
East Star Assets Plc
Alex Walker, Chief Govt Officer
Tel: +44 (0)20 7390 0234 (by way of Vigo Consulting)
SI Capital (Company Dealer)
Nick Emerson
Tel: +44 (0)1483 413 500
Vigo Consulting (Investor Relations)
Ben Simons / Peter Jacob / Anna Stacey
Tel: +44 (0)20 7390 0234
About East Star Assets Plc
East Star Assets is concentrated on the invention and growth of copper and gold in Kazakhstan. The Firm is pursuing a number of exploration methods together with:
- Volcanogenic huge sulphide (VMS) exploration, which to this point features a deposit with a maiden JORC MRE of 20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead, in an infrastructure-rich area, amenable to a low capex growth
- Copper porphyry and epithermal gold exploration, with a number of alternatives for Tier 1 deposits
Go to our web site:
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About Endeavour Mining PLC
Endeavour Mining is without doubt one of the world’s senior gold producers and the biggest in West Africa, with working property throughout Senegal, Côte d’Ivoire and Burkina Faso and a robust portfolio of superior growth initiatives and exploration property.
A member of the World Gold Council, Endeavour is dedicated to the rules of accountable mining and delivering significant worth to folks and society. Endeavour is admitted to itemizing and to buying and selling on the London Inventory Change and the Toronto Inventory Change, underneath the image EDV.
The one who organized for the discharge of this announcement was Alex Walker, CEO of the Firm.
This announcement incorporates inside info for the needs of Article 7 of Regulation 2014/596/EU which is a part of home UK legislation pursuant to the Market Abuse (Modification) (EU Exit) Rules (SI 2019/310) (“UK MAR”). Upon the publication of this announcement, this inside info (as outlined in UK MAR) is now thought-about to be within the public area.
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