Eastern Metals (ASX: $EMS) Quarterly Report Highlights

Eastern Metals Limited (ASX: $EMS) is pleased to present its Quarterly Report for the period ending 31 March 2024. The company's focus on fast-tracking copper exploration in the Northern Territory and de-risking its Cobar Project in New South Wales is evident in the latest report.

Executive Commentary

The Company has made the strategic decision to prioritise exploration at the advanced Home of Bullion copper project in light of surging interest in the copper sector driven by extremely favourable market fundamentals. Shareholders can look forward to significant news-flow in the June Quarter from this exciting project. That is not to downplay the value of our Cobar Project, which is now de-risked and ready for drilling with land access agreements and approvals in place.

Summary

Eastern Metals (ASX: $EMS) is fast-tracking copper exploration at the Home of Bullion deposit in the Northern Territory due to the significant increase in copper prices and a robust market outlook. The company is engaging in extensive exploration activities and reviews to capitalize on the current market conditions. Additionally, the Cobar Project in New South Wales is de-risked and prepared for drilling, with all necessary agreements and approvals secured. The company's cash position at the end of the Quarter was approximately $1.1 million, and it had 511 shareholders with 82,426,245 ordinary fully-paid shares on issue. Eastern Metals remains optimistic about its future exploration activities and the potential for significant news-flow in the upcoming quarters.