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Eastern Resources Limited (ASX:EFE)

ALERT: Price-sensitive ASX Announcement for EFE
Current share price for EFE : $0.034 -0.014 (-29.17%)+
Announcement
Release
29 Oct 2025 11:05AM
Price at Release
$0.048
Full Release
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Summary
Eastern Resources Limited, an ASX-listed company focused on precious metals and critical minerals, provided an overview of its quarterly activities ending 30 September 2025. The company reported progress at multiple projects, including significant lithium anomalies at the Trigg Hill Lithium Project in Western Australia and ongoing Environmental Effects Assessment for the Nowa Nowa Iron Project in Victoria. While no exploration took place at the Nowa Nowa Copper Project or Lepidolite Hill Lithium Project, the company is actively engaging in project acquisition discussions. The company's financial position was reported with cash and equivalents totaling $3.44 million, alongside related party payments of $98,000.
Key Points
  • Eastern Resources Limited reported key activities and financials for the Quarter ending 30 September 2025.
  • The company is focused on the Marengo Gold Project in Queensland and the Nowa Nowa Iron and Copper Projects in Victoria.
  • During the quarter, significant lithium anomalies were found at the Trigg Hill Lithium Project in Western Australia.
  • The company is working on obtaining Environmental Effects Assessment approval for the Nowa Nowa Iron Project.
  • No exploration work was carried out at the Nowa Nowa Copper Project or the Lepidolite Hill Lithium Project during the quarter.
  • The company's cash position at the end of the quarter was approximately $3.44 million.
  • Related party payments amounted to $98,000 for directors' fees and consulting services.
  • Eastern Resources is in discussions for new project acquisitions and potential partnerships.
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.