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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.028 -0.005 (-15.15%)+
Announcement
Release
11 May 2026 8:56AM
Price at Release
$0.033
Full Release
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Summary
Estrella Resources Limited has reported significant progress at its Ira Miri Manganese Project in Timor-Leste. The completion of the Category B market appraisal sample revealed a manganese stockpile inventory of 27,371 tonnes, including 4,984 tonnes of high-grade material. In-situ sampling confirmed high-grade mineralisation of up to 60.22% Mn. The company is advancing shipment preparations and pursuing larger geophysical surveys to explore further mineralisation potentials. Estrella's local operating experience and established relationships enhance its strategic position in Timor-Leste, with ongoing efforts to refine product specifications and obtain necessary export approvals.
Key Points
  • Completion of Ira Miri Category B market appraisal sample with a surveyed manganese stockpile inventory of 27,371 tonnes, including 4,984 tonnes of high-grade material.
  • In-situ ultra high-grade manganese mineralisation confirmed up to 60.22% Mn in pit sampling.
  • Product options identified across high, medium, and low-grade stockpiles, with optimal pre-shipment product specification studies underway.
  • Mineralisation remains open below the current pit floor and into pit walls, with untested high-priority IP anomalies at depth.
  • Shipment preparation progressing, with export and trans-shipment approvals advancing.
  • Larger Res/IP geophysical surveys planned to test the scale and depth extent of mineralisation.
  • Direct pit exposure has improved understanding of the Ira Miri manganese system, confirming structurally complex hosts.
  • Estrella's strong position in Timor-Leste due to local operating experience and established relationships.
  • Next steps include DSO shipment preparation, product QA/QC, IMSBC compliance, and further geophysics and drilling.
  • The Ira Miri project represents Estrella's first-mover position in 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.