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Estrella Resources Limited ( (AU:ESR) ) just unveiled an announcement.
Estrella Resources reported a strong December 2025 quarter, highlighted by exceptional high-grade manganese drilling results at its Ira Miri project in Timor-Leste, with multiple intervals exceeding 50% manganese and very low impurities, indicating potential to rank among the world’s top stratiform manganese deposits. The company also secured approval to extract up to 30,000 tonnes of Ira Miri ore for market appraisal, mobilised extraction equipment to site, and plans to distribute this high-grade material to prospective international offtake partners, while concurrently completing a 3,717-metre maiden drilling campaign at its Werumata Limestone project that confirms substantial limestone and chalk thicknesses and supports its target of defining an Inferred Mineral Resource of around 500 million tonnes, underscoring Estrella’s emerging leadership in Timor-Leste’s nascent mining sector.
The most recent analyst rating on (AU:ESR) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Estrella Resources Limited stock, see the AU:ESR Stock Forecast page.
More about Estrella Resources Limited
Estrella Resources Limited (ASX: ESR) is an Australian exploration and development company focused on advancing manganese and limestone assets in the largely unexplored Timor-Leste region. Its primary projects include the Ira Miri manganese project, targeting high-grade stratiform manganese mineralisation, and the Werumata Limestone project, aimed at defining a large-scale limestone and chalk resource to supply industrial markets.
Average Trading Volume: 2,285,521
Technical Sentiment Signal: Buy
Current Market Cap: A$83.81M
Learn more about ESR stock on TipRanks’ Stock Analysis page.