Estrella Resources Limited (AU:ESR) has released an update.
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Estrella Resources Limited has applied for four additional Exploration and Evaluation Licenses in Timor-Leste, covering 194.4 square kilometers, which could increase their total landholding to 698.1 square kilometers. The area shows promise with surface-level enriched manganese mineralization, and work such as environmental surveys and drilling will commence upon license approval. The company’s managing director expressed optimism about the new licenses and the potential for expedited exploration, contributing positively to shareholder value.
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