Estrella Resources to Launch First-Ever Drilling Campaign in Timor-Leste

An update from Estrella Resources Limited ( (AU:ESR) ) is now available.

Estrella Resources Limited is set to commence its maiden drilling program in Timor-Leste, marking the first mineral exploration drilling in the country under its new mining code. The company has finalized drill targets and is in the final stages of securing environmental approvals, with drilling expected to begin in May. Estrella has also reported high-grade manganese assays from various prospects and completed a $3.75 million share placement to fund the drilling campaign. The initiative has received strong support from local communities and the Timor-Leste government, positioning Estrella as a key player in the region’s mining sector.

More about Estrella Resources Limited

Estrella Resources Limited is a company involved in the mining industry, focusing on mineral exploration. The company is primarily engaged in the exploration of manganese prospects, with a significant emphasis on expanding its operations in Timor-Leste.

YTD Price Performance: 55.00%

Average Trading Volume: 4,752,800

Technical Sentiment Signal: Sell

Current Market Cap: A$63.61M

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