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Estrella Resources Limited ( (AU:ESR) ) has provided an update.
Estrella Resources Limited has recommenced diamond drilling at its Ira Miri Manganese Project in Timor-Leste, utilizing a more powerful rig to enhance core recovery. The discovery of a second supergene manganese outcrop suggests a continuation of mineralization, potentially expanding the project’s scope. The company has received environmental approval for its exploration campaign, marking a significant step in modern mineral exploration in the region. This development could enhance Estrella’s positioning in the manganese market and offer new opportunities for stakeholders.
More about Estrella Resources Limited
Estrella Resources Limited operates in the mining industry, focusing on mineral exploration and development. The company is primarily involved in the exploration of manganese deposits, with a significant project located in Timor-Leste.
Average Trading Volume: 3,896,536
Technical Sentiment Signal: Buy
Current Market Cap: A$94.39M
Learn more about ESR stock on TipRanks’ Stock Analysis page.