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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.024 -0.015 (-38.46%)+
Announcement
Release
31 Jul 2025 8:22AM
Price at Release
$0.039
Full Release
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Summary
Estrella Resources Limited (ESR) has released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 31 March 2023. During the quarter, the company focused on advancing activities at its Carr Boyd Nickel Project in Western Australia, including successful completion of the T5 Resource Drilling Program, initial work on a maiden mineral resource estimate, and metallurgical test work. The company also progressed with studies on the processing of nickel sulphide mineralisation and continued to review and assess additional resource opportunities. The report includes a detailed summary of the company's exploration, corporate activities, and financial position, highlighting the commitment to progressing its flagship project and exploring future growth prospects.
Key Points
  • Estrella Resources Limited completed the T5 Resource Drilling Program at the Carr Boyd Nickel Project.
  • Initial work commenced on a maiden JORC compliant mineral resource estimate for the T5 discovery.
  • Metallurgical test work on nickel sulphide mineralisation was undertaken with positive preliminary results.
  • Studies for processing options to unlock project value are ongoing.
  • The company continues to evaluate and review new resource opportunities.
  • Ongoing engagement with strategic partners and stakeholders.
  • Quarterly cash flow report (Appendix 5B) details expenditure and financial position.
  • The company remains focused on advancing the Carr Boyd Nickel Project as its main asset.
  • No significant production or revenue generated during the quarter.
  • Corporate activities included investor engagement and project advancement.
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.