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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.027 -0.01 (-27.03%)+
Announcement
Release
29 Sep 2025 9:41AM
Price at Release
$0.037
Full Release
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Summary
Estrella Resources Limited has received all necessary approvals from the Timor-Leste Minerals Authority for its Environmental Impact Statement and Environmental Management Plan, allowing the commencement of maiden drilling at the Werumata limestone project in Timor-Leste. The drilling campaign will consist of 26 RC holes with plans for further diamond drill-holes and infill drilling to evaluate an extensive region containing high-quality limestone. Estrella aims to develop a 500 million dry metric tonne Inferred Resource, a key condition for a Master Agreement with an international mining services partner. Track and pad building have commenced, with drilling expected to start in approximately two weeks. The limestone predominantly comprises calcite and has various industrial uses, including pH control of industrial waste streams.
Key Points
  • Approvals and community consultation works completed for the Werumata limestone project.
  • Initial drilling campaign to consist of 26 RC holes.
  • Targeting a 500 million dry metric tonne Inferred Resource.
  • Master Agreement with an international mining services partner in place.
  • Track and pad building commenced, drilling to start in two weeks.
  • Limestone predominantly consists of calcite with various industrial uses.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.