Estrella Resources Partners with PT Raka Energi Mandiri for Limestone Sales in Southeast Asia

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

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