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Eastern Resources Limited (ASX:EFE)

ALERT: Price-sensitive ASX Announcement for EFE
Current share price for EFE : $0.032 -0.012 (-27.27%)+
Announcement
Release
30 Jan 2026 12:58PM
Price at Release
$0.044
Full Release
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Summary
Eastern Resources Limited reported its quarterly activities for the period ending December 31, 2025. The company continued its Farm-in Agreement with BGM Investments, aiming to earn up to an 80% interest in the Marengo Gold Project in Queensland. During the quarter, the company completed drilling rehabilitation at the Lepidolite Hill Project and continued the Environmental Effects Assessment process for the Nowa Nowa Iron Project. No activities were conducted at the Trigg Hill Lithium Project. Financially, the company ended the quarter with approximately $3.26 million in cash and cash equivalents, and made related party payments of $116,000. Subsequent to the quarter's end, a director resignation was noted. The company reviewed new project opportunities and was engaged in commercial discussions.
Key Points
  • Continued Farm-in Agreement for Marengo Gold Project.
  • Completed drilling rehabilitation at Lepidolite Hill Project.
  • Environmental Effects Assessment for Nowa Nowa Iron Project ongoing.
  • No exploration at Trigg Hill Lithium Project.
  • Cash and cash equivalents approximately $3.26 million.
  • Related party payments of $116,000 made.
  • Director resignation after quarter-end.
  • Reviewed new project opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.