InvestSMART

Eastern Resources Limited (ASX:EFE)

ALERT: Price-sensitive ASX Announcement for EFE
Current share price for EFE : $0.030 -0.005 (-14.29%)+
Announcement
Release
24 Apr 2026 12:05PM
Price at Release
$0.035
Full Release
download
Summary
Eastern Resources Limited (EFE) released a quarterly activities report for the period ending 31 March 2026. During this time, the company began operations at the Marengo Gold Project in Queensland after satisfying all conditions of the Farm-in Agreement. Historical gold mining in the Marengo Goldfield dates back to the 1870s. Work continued on the Environmental Effects Assessment for the Nowa Nowa Iron Project in Victoria, while the Nowa Nowa Copper Project and the Trigg Hill and Lepidolite Hill lithium projects saw no exploration activity. The company explored new project opportunities and engaged in commercial discussions. At the end of the quarter, EFE had $3.08 million in cash and cash equivalents, with related party payments of $148,000 for director fees and consulting services. EFE maintains interests in various tenements, including 100% interest in the Nowa Nowa Project through its subsidiaries.
Key Points
  • Eastern Resources Limited provided an overview of their activities for the quarter ending 31 March 2026.
  • The Marengo Gold Project in Queensland commenced with all Farm-in Agreement conditions satisfied.
  • Gold mineralisation in Marengo Goldfield dates back to discoveries in 1870-1871.
  • Ongoing work on the Environmental Effects Assessment for Nowa Nowa Iron Project in Victoria.
  • No exploration work conducted at Nowa Nowa Copper Project during the quarter.
  • No exploration activity at the Trigg Hill and Lepidolite Hill lithium projects in Western Australia.
  • The company reviewed several new project opportunities and engaged in commercial discussions.
  • Cash and cash equivalents at the end of the quarter were approximately $3.08 million.
  • Related party payments for directors' fees and consulting services amounted to $148,000 excl. GST.
  • Eastern Resources Limited holds various tenements, including 100% interest in Nowa Nowa Project and significant holdings in lithium projects through subsidiaries.
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.