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Estrella Resources Limited
(Sydney:ESR)
Estrella Resources Limited (ESR) vs. iShares MSCI Australia ETF (EWA)
Estrella Resources Limited Business Overview & Revenue Model
Estrella Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.12K | 0.00 | 0.00 | 405.52K | 2.29K | 1.38M |
| Gross Profit | -20.46K | -112.43K | -141.00K | 405.52K | 2.29K | 19.62K |
| EBITDA | -1.96M | -1.96M | -2.77M | -1.38M | -2.13M | -428.00K |
| Net Income | -2.08M | -2.08M | -2.99M | -1.60M | -2.28M | -543.00K |
Balance Sheet | ||||||
| Total Assets | 29.90M | 29.90M | 21.11M | 23.33M | 21.14M | 15.42M |
| Cash, Cash Equivalents and Short-Term Investments | 6.56M | 6.56M | 359.61K | 1.08M | 776.39K | 3.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 1.04M | 0.00 | 275.33K |
| Total Liabilities | 5.74M | 5.74M | 390.24K | 1.30M | 1.46M | 1.40M |
| Stockholders Equity | 24.16M | 24.16M | 20.72M | 22.03M | 19.67M | 14.02M |
Cash Flow | ||||||
| Free Cash Flow | -1.80M | -1.33M | -1.44M | -5.20M | -9.62M | -8.03M |
| Operating Cash Flow | -1.27M | -1.27M | -1.15M | -1.13M | -1.26M | -824.41K |
| Investing Cash Flow | -2.33M | -2.33M | -287.09K | -3.04M | -8.12M | -5.40M |
| Financing Cash Flow | 10.02M | 10.02M | 586.22K | 4.50M | 6.55M | 9.74M |
Estrella Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$400.05M | -4.71 | -111.27% | ― | ― | 66.10% | |
49 Neutral | AU$141.97M | 10.00 | 22.56% | ― | 64.66% | ― | |
46 Neutral | AU$70.58M | -29.09 | -9.27% | ― | ― | 35.29% | |
46 Neutral | AU$87.64M | ― | -0.27% | ― | ― | -100.00% | |
44 Neutral | AU$380.93M | -13.82 | -77.68% | ― | ― | 22.73% | |
44 Neutral | AU$126.58M | -6.14 | -21.39% | ― | ― | -280.00% |
Estrella Resources Limited Corporate Events
Estrella Resources has entered into an underwriting agreement with Lightview Asset Pty Ltd to partially underwrite the exercise of its existing listed options (ASX: ESROB), which are exercisable at $0.018 and expire on 13 December 2026. Under the deal, Lightview will underwrite 111,111,111 options, representing up to $2 million before costs, by subscribing for or procuring subscribers for any shares corresponding to options not exercised by expiry, with a 6% fee on the final underwritten amount; any shortfall shares issued will rely on ASX Listing Rule 7.2 (Exception 10), meaning they will not require shareholder approval or use up the company’s placement capacity, thereby providing greater funding certainty and preserving flexibility for future capital management.
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.
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.
Estrella Resources Limited has requested a trading halt on its securities on the ASX pending the release of an announcement concerning the partial underwriting of its listed options (ASX: ESROB). The halt, which is expected to last until no later than the commencement of trading on Monday, 2 February 2026, signals that a capital-related development is imminent, with potential implications for the company’s funding structure and for existing option holders and shareholders once full details are disclosed.
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.
Estrella Resources has begun extracting up to 30,000 tonnes of high‑grade manganese ore from its Ira Miri project in Timor‑Leste as a bulk market sample, marking one of the country’s first significant economic mineral extractions under its new mining framework. The program, executed by a fully local contracting fleet and overseen by Estrella’s geological and engineering teams, is intended to generate saleable material, deepen engagement with multiple potential international offtake partners, provide detailed geological and metallurgical data on the Noni formation, and deliver royalty income for both the company and the Timor‑Leste government, reinforcing Estrella’s operational foothold and community relationships 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.
Estrella Resources Limited has issued 250,000 new fully paid ordinary shares on 13 January 2026, expanding its share capital base. The company states that the shares were issued without a prospectus under the relevant Corporations Act provisions and confirms it is up to date with its financial reporting and continuous disclosure obligations, with no undisclosed information that would materially affect investors’ assessment of the company or the rights attached to the new securities.
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.
Estrella Resources Limited has applied to the ASX for quotation of 250,000 new ordinary fully paid shares. The securities, issued on 13 January 2026 following the exercise or conversion of existing options or other convertible instruments, will modestly expand the company’s quoted capital base, signalling ongoing utilisation of its equity incentive or financing structures and incremental dilution for existing shareholders.
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.
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.
Estrella Resources Limited has outlined plans to issue up to 10 million new zero exercise price options, expiring on 4 January 2031, as part of a placement or other type of security issue on the ASX, with the proposed issue date set for 14 January 2026. The move signals the company’s intention to use long-dated options as part of its capital management and incentive structure, potentially affecting its capital base and aligning stakeholders with Estrella’s longer-term performance, subject to ASX processes and approvals.
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.
Estrella Resources has overhauled its senior leadership to support the development of its emerging limestone and manganese projects in Timor-Leste, appointing experienced mining executive Robert Mencel as Chief Executive Officer with a planned transition to Managing Director by 30 June 2026. Outgoing Managing Director Chris Daws will move into a Business Development role focused on asset deals and strengthening relationships with government and strategic partners, while additional technical and operational hires are underway, signalling the company’s shift into a more advanced project development and future production phase in Timor-Leste.
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.
Estrella Resources Limited has applied to the ASX for quotation of an additional 1,000,000 fully paid ordinary shares under its existing ESR ticker. These new securities, issued on 19 December 2025 following the exercise or conversion of existing options or other convertible securities, will modestly increase the company’s free float and share liquidity, offering existing stakeholders incremental tradable equity without altering the overall structure of its quoted security class.
Estrella Resources announced significant assay results for its Ira Miri Manganese Prospect, confirming high-grade mineralisation and potential for expanded horizons. Drilling at the Werumata Limestone Deposit also revealed substantial material, including a newly identified marl unit with economic implications, enhancing its strategic value. Together, these developments strengthen Estrella’s positioning for further exploration and resource growth within Timor-Leste.
Estrella Resources Limited has announced exceptional assay results from its drilling activities at the Ira Miri Manganese Prospect in Timor-Leste, highlighting the discovery of high-grade manganese deposits with grades reaching up to 58% Mn. These results suggest the potential for significant extensions and a large, continuous sedimentary deposit, positioning Ira Miri as a strategic and potentially high-value discovery in the global manganese market.
Estrella Resources Limited has released a presentation summarizing its exploration and development activities, particularly highlighting its operations in Timor-Leste. The announcement underscores the company’s commitment to advancing its mineral exploration efforts, although it cautions that visual estimates of mineral abundance should not replace laboratory analyses. The presentation has been authorized for release to the ASX, reflecting Estrella’s ongoing transparency with stakeholders.
Estrella Resources Limited has announced a change in the interests of its director, Les Pereira, involving the conversion of 3,500,000 unlisted options into fully paid ordinary shares. This transaction, valued at $105,000, reflects a strategic move in the company’s financial management, potentially impacting its market positioning and shareholder value.
Estrella Resources Limited has issued 4,000,000 fully paid ordinary shares as of November 28, 2025, without requiring disclosure under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and assures investors that no information has been withheld that would affect their assessment of the company’s financial position or the rights attached to the securities.
Estrella Resources Limited announced the issuance of 4,000,000 fully paid ordinary shares, which are set to be quoted on the Australian Securities Exchange (ASX) as of November 28, 2025. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing exploration and development projects, potentially impacting its market position and offering new opportunities for stakeholders.
Estrella Resources Limited has announced the results of a Resistivity–Induced Polarisation survey at its Ira Miri manganese project in Timor-Leste. The survey identified multiple high-chargeability zones that align with known manganese outcrops and drill intersections, suggesting significant potential for manganese oxide mineralisation. The findings include three primary anomalous zones, with one high-priority target interpreted as a northern extension of existing mineralisation. These results will guide further drilling plans, with operations set to resume in the 2026 field season, potentially enhancing Estrella’s position in the region and offering promising opportunities for stakeholders.
Estrella Resources Limited has announced the withdrawal of Resolution 3 from its upcoming Annual General Meeting agenda due to insufficient support from proxy instructions. This decision will not impact the validity of proxy forms submitted for other resolutions, and the rest of the AGM agenda will proceed as planned.
Estrella Resources Limited has made significant progress in its exploration efforts in Timor-Leste, particularly at the Werumata Limestone Project and the Ira Miri Manganese Prospect. The company has completed over 70% of initial drilling at Werumata, with promising results indicating the potential for a large calcite resource. Additionally, the Ira Miri Manganese Prospect has shown mineralization in 29 out of 45 drill holes, with further samples being sent for analysis. Estrella is working towards developing a deep-water port for limestone export and is in discussions with the Timor-Leste government for project approvals and agreements.
Estrella Resources Limited has announced the issuance of 500,000,000 unquoted options, exercisable at $0.05 and expiring on November 11, 2030. This strategic move could potentially enhance the company’s capital structure and provide financial flexibility, impacting its operational capabilities and stakeholder interests positively.
Estrella Resources Limited has announced a change in the director’s interest, specifically involving Les Pereira, who has acquired 92,000 fully paid ordinary shares valued at $2,668 through Nannook Holdings Pty Ltd. This acquisition reflects a strategic move to increase Pereira’s stake in the company, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.