EDM Resources secures $24m to take Nova Scotia zinc mine towards commercial production
An updated pre-feasibility in 2021 outlined an approximate 14-year mine that is capable of producing 35 million lb. of zinc and 15 million lb. of lead.
East Star currently holds copper licenses on the Verkhuba deposit, which hosts a JORC-compliant exploration target of 19-23 million tonnes grading 1.4-1.9% copper equivalent.
The changes led by CEO Mike Henry will see several specialist teams disbanded and their functions reassigned in a bid to cut costs and simplify operations.