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Estrella Resources Limited (ASX:ESR)

ALERT: Price-sensitive ASX Announcement for ESR
Current share price for ESR : $0.025 0.002 (6.52%)+
Announcement
Release
2 Jul 2026 9:47AM
Price at Release
$0.023
Full Release
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Summary
Estrella Resources Limited has reported high-grade manganese rock-chip assay results from their exploration in Timor-Leste, specifically at the Leuro and Sica prospects. These results indicate significant potential for high-grade manganese deposits, as the samples from Leuro showed manganese content up to 57.8% and an average of 34.6%, while those from Sica showed up to 55.7% with an average of 47.5%. The company is focusing on geophysical surveys to define priority drill targets, with further exploration activities planned across their concessions. The exploration efforts are supported by interest from nine parties in purchasing a trial manganese parcel, with customer discussions expected to conclude in July. This exploration activity is part of a broader campaign to capitalize on the recently adopted mining code in Timor-Leste.
Key Points
  • High-grade manganese rock-chip assay results reported.
  • Samples from Leuro averaged 34.6% Mn, peaking at 57.8%.
  • Samples from Sica averaged 47.5% Mn, peaking at 55.7%.
  • Geophysical surveys planned for priority drill targets.
  • Nine parties interested in purchasing the trial manganese parcel.
  • Timor-Leste's modern mining code offers new exploration opportunities.
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.