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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.026 -0.01 (-27.78%)+
Announcement
Release
19 May 2026 9:35AM
Price at Release
$0.036
Full Release
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Summary
Estrella Resources Limited has commenced an advanced MobileMTd UAV survey at its Ira Miri Manganese Project in Timor-Leste. This survey, designed to explore possible extensions to the high-grade manganese mineralisation, utilises cutting-edge passive electromagnetic technology. The survey aims to resolve deeper anomalies previously identified but not drilled, with enhanced spatial resolution for structural mapping and drill targeting. The initiative aligns with efforts to refine geological models and support future mining license applications. Completion of field acquisition is anticipated in about three weeks, followed by data processing and interpretation.
Key Points
  • Estrella Resources Limited has commenced a MobileMTd UAV passive electromagnetic geophysical survey at the Ira Miri Manganese Project.
  • The survey aims to investigate extensions to the known high-grade Ira Miri manganese mineralisation.
  • The MobileMTd technology is a UAV-deployed, passive electromagnetic survey method developed by Expert Geophysics.
  • Previous ground-based IP surveys identified deeper anomalies that remain untested by drilling.
  • The UAV survey offers high spatial resolution imaging suitable for structural interpretation and drill targeting.
  • The survey supports follow-up drilling and geological model refinement for a Category A Mining Licence application.
  • The survey will cover existing pit areas and a broader corridor extending about five kilometers along strike.
  • Field acquisition is expected to complete in approximately three weeks, with data interpretation finalised within six to eight weeks.
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.