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Astana, Kazakhstan • 16 August 2022

Kazakh Mines Become Strategic amid Supply Shortage of Rare Earth Elements

East Star Resources wins four new licenses to explore deposits in Kazakhstan

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kapital.kz
kapital.kz

The best place to find a new mine is around an existing one, so expanding our footprint to include more licences with historical mines is extremely exciting…We are still collecting data on these areas, both in the field and via historical reports which, along with the processing of our HEM data, will dictate our exploration programme going forward.We are grateful to the Akimat of Shemonaikha for their support of our applications and intended work plan, having received their required letters of support in just a matter of weeks after meeting with them.

Alex Walker, East Star CEO
otp.tools.investis.com
otp.tools.investis.com

...We will immediately begin the application process to commence field work so the exploration program can align with that of the Talairyk deposit, where we aim to be drilling in H1 next year.The size of the Talairyk deposit is already significant and could provide the scale required for feasibility work, however, considering the demand growth and lack of security of supply for rare earth elements, coupled with the location providing direct rail access to Europe via the Caspian Sea, growing the resource could make this deposit globally strategic."

Alex Walker, East Star CEO
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Rare earth elements
East Star Resources
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