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An update from Estrella Resources Limited ( (AU:ESR) ) is now available.
Estrella Resources has secured regulatory approval from Timor-Leste’s Autoridade Nacional dos Minerais to extract up to 30,000 tonnes of high-grade manganese oxide from its Ira Miri Manganese Project as a bulk market sample. The program, which will be Timor-Leste’s first economic mineral bulk extraction under its modern Mining Code, will provide ore for export, metallurgical and quality testing, and commercial appraisal with potential international offtake partners. Estrella has mobilised extraction equipment, designed a shallow 15-metre pit to target previously intersected high-grade and thick manganese zones, and identified a nearby shallow-draft landing craft port site to barge material offshore directly to bulk carriers, streamlining logistics and advancing the project toward potential long-term sales agreements.
The most recent analyst rating on (AU:ESR) stock is a Hold with a A$0.03 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 is an ASX-listed resources company focused on exploration and development of mineral projects, including the high-grade Ira Miri Manganese Project in Timor-Leste. The company targets international seaborne markets for manganese ore, positioning itself to supply potential offtake partners with high-grade, low-impurity material.
Average Trading Volume: 2,231,058
Technical Sentiment Signal: Sell
Current Market Cap: A$70.57M
See more insights into ESR stock on TipRanks’ Stock Analysis page.