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Estrella Resources Limited ( (AU:ESR) ) has provided an update.
Estrella Resources Limited has made significant progress in its exploration efforts in Timor-Leste, particularly at the Werumata Limestone Project and the Ira Miri Manganese Prospect. The company has completed over 70% of initial drilling at Werumata, with promising results indicating the potential for a large calcite resource. Additionally, the Ira Miri Manganese Prospect has shown mineralization in 29 out of 45 drill holes, with further samples being sent for analysis. Estrella is working towards developing a deep-water port for limestone export and is in discussions with the Timor-Leste government for project approvals and agreements.
More about Estrella Resources Limited
Estrella Resources Limited is a company engaged in the exploration and development of mineral resources, focusing on limestone and manganese projects in Timor-Leste. The company aims to establish a significant presence in the virtually unexplored nation by targeting substantial multi-commodity opportunities.
Average Trading Volume: 3,588,700
Technical Sentiment Signal: Sell
Current Market Cap: A$72.61M
For detailed information about ESR stock, go to TipRanks’ Stock Analysis page.