Member Info for sw10000

That's a big buy there for 41k shown after hours , looks like the market is starting to catch on

Hopefully the market is starting to catch up with the potential of EST, still a long way to go but nice to see a positive uptick

I'm struggling to keep up 🤣 put it through Claude with Opus 4.7 as I'm not great with geology.

Snowy Project — What This Actually Means

The headline numbers in context

Vein samples show gold up to 1.44g/t at surface, with veins traced along strike for up to 200m, and the current interpretation fits a low-sulphidation epithermal mineralisation model. An IP survey has commenced with results expected in Q2 2026.

1.44g/t gold at surface from rock chips is genuinely meaningful. Surface grades in epithermal systems are typically the lowest you'll see — gold concentrations increase at depth toward the boiling zone. Finding 1.44g/t before a single drill hole is a strong indicator of what might sit beneath.

The geological model and why it matters

The auriferous veins cut the stratigraphy at a steep angle, presenting an attractive conceptual target at depth where there is potential to find the 'boiling zone' — where ascending fluids meet a more permeable, usually volcaniclastic host rock, an attractive host rock for gold. (LinkedIn)

The boiling zone reference is critical for anyone who understands epithermal geology. This is where gold precipitates most intensely in low-sulphidation systems. The team is essentially saying the surface veins are the top of a system, and the prize is at depth. The steep 70° dip means a relatively straightforward drill programme can test this efficiently.

The comparable deposits cited are enormous

The biggest examples of low-sulphidation deposits in production are Round Mountain in Nevada at 20 million ounces contained and Silicon/Merlin in Nevada at 16 million ounces. (LinkedIn)

Now — management are not saying Snowy is Round Mountain. That would be absurd at this stage. But they are deliberately anchoring the deposit model in the same geological family as world-class gold mines. That's a meaningful signal about how they view the scale potential of the system.

The scale of the alteration system

Alteration has been demonstrated over a very large area — multiple kilometres of altered strata along strike. (LinkedIn)

Multiple kilometres of altered strike length at surface with gold-bearing veins cutting through it. This is a district-scale footprint, not a small isolated showing.

The IP survey — the critical next step

Given that the gold at Snowy is directly proportional to the pyrite content in the rocks, it is expected that this target will respond to basic geophysics in the form of an Induced Polarisation survey. The quartz will produce a discrete resistivity signature whilst the chargeability should correspond to the pyrite content and highlight more prospective areas. The Company has planned two lines of IP over the breccia zone with results expected in Q2 2026. (LinkedIn)

IP results expected in Q2 2026 means potentially within weeks. This is the next hard catalyst for Snowy specifically. If IP returns a strong chargeability anomaly coincident with the surface gold-bearing veins, Snowy moves rapidly towa

I think there are actually two of the same size or at least that's what it's showing on L2

All ours

What this actually is geologically

This is not a routine exploration update. The team has identified a large-scale alkaline intrusive system with characteristics comparable to some of the world's most prolific copper-gold districts. The Macquarie Arc comparison is significant — that belt in New South Wales hosts world-class deposits including Cadia-Ridgeway, one of the largest copper-gold mines on earth. The British Columbia alkalic porphyry comparison points to deposits like Mount Polley and Copper Mountain.

The key technical indicators that excite me here:

The alteration footprint is enormous. An 8km x 3km advanced argillic alteration system is a district-scale anomaly. To put that in context, many producing porphyry mines have alteration footprints smaller than this. Size of the lithocap directly correlates with the scale of the potential hydrothermal system beneath it.

The Symbyl 2 target is the most compelling element. The combination of quartz-pyrophyllite-alunite alteration, evidence of oxidised sulphides, AND porphyry-style "A" veins within the lithocap is textbook. "A" veins are early-stage, high-temperature veins that form directly within or adjacent to the porphyry ore shell. Finding them within a lithocap environment means the erosion level is just right — you're looking at the top of a potentially intact system rather than something that's been eroded away.

The 2km x 2km multi-element geochemical anomaly with coherent Au-Mo-Bi-Sn-W pathfinder suite is a very strong indicator of a fertile system beneath. Molybdenum, bismuth, tin and tungsten at depth are classic high-temperature porphyry indicators. Gold at surface up to 0.2g/t from soil samples — before any drilling — is genuinely encouraging at this stage.

The low sulphidation epithermal veins 5km east confirm district-scale hydrothermal fertility. This tells you the whole system is preserved and that gold-bearing fluids have moved through this ground historically.

What's measured and what's still to prove

Be clear-eyed here — this is pre-drill. No holes have been turned, no resource exists, and porphyry exploration is inherently probabilistic. Many lithocaps don't have the deposit beneath them that the surface geology suggests. The next step — detailed mapping and systematic sampling of historic trench material — is still surface work before they get to drill-ready status.

However the technical quality of this RNS is high. The JORC table is properly completed, sampling methodology is sound using ALS at Ust-Kamenogorsk with ME-MS61L four-acid digestion and fire assay gold, and the Competent Person is a credentialed AusIMM member employed as Executive Director. This isn't vague promotional language — it's a technically rigorous document.

For anyone interested, nice update to the website

https://eaststarplc.com/copper

I think most of us would be more the happy with a 5x return from here, I certainly would

If you don't follow them closely how can you deduce there isn't much additional value? Generally curious as there is potentially big value here depending on what the JVs find (the fact they were willing to commit decent sums must give them a level of confidence.

Sonia is a great appointment by Alex and the team, her background, you don't take risk in your career at this level unless you really believe in the story

East Star Resources Plc (LSE: EST), the Kazakhstan‐focused gold and copper explorer, is pleased to announce the appointment of Sonia Scarselli as a Director of the

Company with immediate effect. Ms Scarselli has been appointed as a director representative of Endeavour Mining PLC (LSE: EDV/TSX: EDV) ("Endeavour") following

Endeavour's strategic investment in East Star (announced on 1 December 2025) which resulted in Endeavour owning 14.3% of the Company.

Ms Scarselli joined Endeavour, one of the world's leading gold producers and a constituent of the FTSE 100 Index, in 2025 as Executive Vice President, Exploration.

Prior to Endeavour, Ms Scarselli was VP of BHP Exploration and founded BHP's Xplor programme (East Star: 2024 cohort) in 2022. Ms Scarselli started her career at

ExxonMobil UK and later joined BHP in 2012, holding several leadership positions including VP of Petroleum Exploration and Appraisals, Head of Algeria, and

Exploration Manager for Trinidad and Tobago.

Ms Scarselli holds a master's degree in Geological Science from Università degli studi di Perugia, a PhD in Geology from ETH Zurich, and an MBA from the London

Business School. She was appointed a Director of Koulou Gold Corp. in March 2026.

In November 2025, East Star and Endeavour formed a strategic joint venture agreement for gold exploration in Kazakhstan, followed in November 2025 by Endeavour's

£1.8 million strategic investment in East Star.

Alex Walker, CEO of East Star Resources, Commented:

"As a member of the 2024 BHP Xplor programme, we had the privilege of working with Sonia and her team and experienced first‐hand the benefit of her considerable

exploration experience and tactical application of good geoscience. Her strategic thinking will be a significant benefit to East Star and so we are delighted to welcome Sonia to Kazakhstan at various stages of the exploration cycle."

East Star's Board as the representative of our largest shareholder, Endeavou

They need to wait for the FCA to review and lift

We should be back in business now or shortly

Agreed, disappoint rise but given the state of the markets and the world in general blue is always welcome. Long term anyway

I would recommend your post if I wasn't dead to see the outcome 😉

I think this dog has finally been put out of misery, a lot of us have lost large amounts of money but at least we can move on.

Two take aways for me

1) Never touch any stock affiliated with JB

2) Never buy African mining stocks

The good news is it's nicely sustaining these levels even without the hype , once we get the contracts finalised and plans we should see a nice rise

I wouldn't put too much faith in that, the only thing it really does is match potential sellers vs buyers (given the state of the company I'm not sure there will be any), if there are they will be playing off desperation.

Once you analyse the signs are there , the biggest fraud in all of this was Robbie's blatant lies pre suspension in that final interview that kept many of us from selling, if only the FCA was competent they would be investigating.

The reality is this is done ..

Yep, this is just more shady dealing by Brewer and co, remember he was there at the start when it was massively oversold. I have no doubt this was all orchestrated tbh

It's farcical that given the price of gold and a mine ready to produce that this is the outcome, still I've long since accepted the money is long gone .

I will be glad to not have to see this share ticker gone and chalk it down to hard lessons learnt , life goes on and you cannot live in the past .

Dodgy as, you may as well write your money off

If the value is there as we believe it will come good, the good news is even the words CLN didn't cause a a big drop with the usual talk of death spirals

This is a well funded company with a decent CEO , I would rather it moved faster but given some of the recent huge buys , the right buyers are buying in