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Estrella Resources Limited ( (AU:ESR) ) just unveiled an update.
Estrella Resources has reported initial assay results from its maiden drilling campaign at the Werumata limestone project in Timor-Leste, covering about a quarter of samples collected in 2025. Drilling across two large limestone plateaus has intersected Baucau Limestone up to 55 metres averaging 84% calcium carbonate and Batu Putih chalk up to 53 metres averaging 80% calcium carbonate, both with low magnesium and moderate silica levels.
The broad, low-impurity intersections support Estrella’s goal of defining a JORC-compliant inferred mineral resource of at least 500 million tonnes of limestone from the interpreted calcite deposit. Management highlights that the low magnesium content should enable a wider range of higher-value uses, including as a neutralising agent for nearby mining operations, potentially improving environmental outcomes and project economics while strengthening the company’s growth prospects in the region.
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 developing mineral projects in Timor-Leste. The company is advancing limestone assets near the coastal town of Uero-Mata, targeting large-scale supply for industrial applications including acid-neutralisation and other higher-value end uses.
Average Trading Volume: 2,383,338
Technical Sentiment Signal: Sell
Current Market Cap: A$63.96M
For an in-depth examination of ESR stock, go to TipRanks’ Overview page.