EAST STAR RESOURCES PLC

• ⚠

  Material uncertainty over going concern

  the Group is in a exploratory pre-revenue phase and that its ability to meet liabilities as they fall due at present is based on the ability of the Group to continue to raise funds via debt and equity funding. This situation will remain the same for the foreseeable future given the timescales involved in moving from the mining exploration stage into full production stage. Additionally there is the inherent uncertainty over the long-term technical feasibility and economic viability of such projects at this early exploration stage. These events or conditions, along with other matters set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.

1. EAST STAR RESOURCES PLC 2021-03-03 → present
2. EAST STAR RESOURCES LIMITED 2021-01-27 → 2021-03-03
3. CAWMED RESOURCES LIMITED 2020-11-17 → 2021-01-27

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Kreston Reeves LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“the Group is in a exploratory pre-revenue phase and that its ability to meet liabilities as they fall due at present is based on the ability of the Group to continue to raise funds via debt and equity funding. This situation will remain the same for the foreseeable future given the timescales involved in moving from the mining exploration stage into full production stage. Additionally there is the inherent uncertainty over the long-term technical feasibility and economic viability of such projects at this early exploration stage. These events or conditions, along with other matters set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern.”

Group structure

1. EAST STAR RESOURCES PLC · parent
   1. Discovery Ventures Kazakhstan Limited 1% · Kazakhstan · Mineral exploration
   2. Chu Ili Resources ltd 0.8% · Kazakhstan · Mineral exploration
   3. Rudny Resources ltd 0.8% · Kazakhstan · Mineral exploration
   4. Copperland Limited 1% · Kazakhstan · Mineral exploration
   5. MVLKAZ Holdings Limited 1% · United Kingdom · Holding company
   6. MVLKAZ Limited 1% · Kazakhstan · Mineral exploration

Significant events

• “In October 2024, East Star raised gross proceeds of approximately £1.16 million from an oversubscribed subscription for, and placing of, 100,926,292 new ordinary shares at a price of 1.15 pence per share.”
• “Subsequent to year end the Company granted 8,458,688 options over new ordinary shares in the Company to employees and directors of the Company pursuant to the Company's Long Term Incentive Plan ("LTIP") (the "Options").”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

12

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +6.8%

  £635,000 → £678,000

• Net assets

  +12.2%

  £2,813,000 → £3,155,000

• Employees

  +8.3%

  12 → 13

• Profit before tax

  +27.9%

  -£1,528,000 → -£1,102,000

• Wages

  +49.1%

  £55,000 → £82,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers