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An update from Estrella Resources Limited ( (AU:ESR) ) is now available.
Estrella Resources has intersected the targeted manganese horizon and identified additional manganese-bearing mineralisation at its Ira Miri project in Timor-Leste, confirming its geological model and supporting confidence in project development. The company has begun stockpiling ore at a pithead stage 1 stockpile area under a permit to produce up to 30,000 tonnes of high-grade manganese for market appraisal, with production ramp-up and grade control sampling underway to optimise extraction sequencing; discussions are advancing with potential international offtake partners for the first manganese sales, while the project also marks a milestone as potentially the first minerals export under Timor-Leste’s new Mining Code and continues to benefit from strong government and community support, including the dispatch of all collected limestone samples for laboratory analysis.
The most recent analyst rating on (AU:ESR) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Estrella Resources Limited stock, see the AU:ESR Stock Forecast page.
More about Estrella Resources Limited
Estrella Resources Limited (ASX: ESR) is an Australian-listed resources company focused on the exploration and development of mineral projects, with current activity centred on the Ira Miri manganese project in Timor-Leste. The company is targeting high-grade manganese ore production for international markets and is positioning itself as an early mover in Timor-Leste’s emerging mining sector following the country’s adoption of a new Mining Code.
Average Trading Volume: 2,319,959
Technical Sentiment Signal: Sell
Current Market Cap: A$70.58M
See more insights into ESR stock on TipRanks’ Stock Analysis page.