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An update from Estrella Resources Limited ( (AU:ESR) ) is now available.
Estrella Resources Limited has entered into a Master Agreement with PT Raka Energi Mandiri to market and sell limestone from its Timor-Leste mining concessions to Indonesia. This partnership aims to capitalize on the growing demand for limestone in Southeast Asia, driven by its use in environmental applications in the mining industry. The agreement grants REM exclusive marketing and offtake rights, with a sales target of 500 million dry metric tonnes over five years. This collaboration positions Estrella as a key supplier in the region, potentially enhancing its market presence and shareholder value.
More about Estrella Resources Limited
Estrella Resources Limited is an Australian company engaged in the mining industry, focusing on the exploration and commercialization of limestone and metallic minerals. The company operates primarily in Timor-Leste and is involved in manganese exploration, with a strategic market focus on Southeast Asia.
Average Trading Volume: 3,533,343
Technical Sentiment Signal: Buy
Current Market Cap: A$77.97M
Learn more about ESR stock on TipRanks’ Stock Analysis page.