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Estrella Resources Limited ( (AU:ESR) ) has provided an update.
Estrella Resources reported a pivotal quarter as it began Timor-Leste’s first hard-rock minerals extraction under the nation’s modern mining code at the Ira Miri manganese pit, using mainly local contractors with no lost-time injuries and strong community backing. The company has approval to extract a 30,000-tonne manganese market sample for export to potential offtake partners and is preparing logistics and port stockpiles while advancing a Category A Mining Licence to enable full-scale development.
At the Werumata limestone project, assays from a maiden drilling campaign confirmed substantial Baucau Limestone and Batu Putih Chalk intersections with average grades of 83% and 77.5% CaCO3 respectively, supporting Estrella’s path toward a 500 million tonne JORC-compliant Inferred Mineral Resource Estimate. With bulk density work underway and a strengthened balance sheet following the underwriting of listed options, the company is positioned to rapidly progress both manganese and limestone projects, reinforcing its emerging producer status and growth prospects for stakeholders.
More about Estrella Resources Limited
Estrella Resources Limited is an ASX-listed mining company focused on transitioning from mineral exploration to production in Timor-Leste. Its primary assets include the Ira Miri manganese project and the Werumata limestone project, targeting bulk commodities such as manganese, high-grade limestone, and chalk for export markets.
Average Trading Volume: 2,150,749
Technical Sentiment Signal: Sell
Current Market Cap: A$66.32M
See more data about ESR stock on TipRanks’ Stock Analysis page.