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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.027 -0.006 (-18.18%)+
Announcement
Release
24 Nov 2025 8:27AM
Price at Release
$0.033
Full Release
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Summary
Estrella Resources Limited has made significant progress in their exploration activities in Timor-Leste. The company's drilling at the Werumata Limestone Project is more than 70% complete, with promising limestone intersections of up to 87 meters in thickness. Additional calcite-bearing units have been identified, enhancing the project's potential. The Ira Miri Manganese Prospect has completed 45 drill-holes, with significant manganese mineralization detected. Samples from both projects are being expedited for analysis. A collaboration with the University of Timor Leste aims to establish a sample preparation laboratory, aiding further exploration efforts.
Key Points
  • Werumata Limestone Project drilling over 70% complete.
  • Limestone formations logged up to 87m thick, averaging 55m.
  • Additional calcite-bearing units identified beneath target zones.
  • Ira Miri Manganese Prospect completed 45 drill-holes for 2025.
  • Significant manganese mineralization in 29 drill-holes.
  • Plans to extract bulk Market Appraisal sample of manganese.
  • Manganese and calcite samples expedited for analysis in Jakarta.
  • MOU with University of Timor Leste for a sample preparation laboratory.
  • Targeting a JORC compliant resource of 500 million tonnes of limestone.
  • First mover advantage in the exploration of Timor-Leste.
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.