Estrella Resources Limited ( (AU:ESR) ) has issued an announcement.
Estrella Resources Limited has announced a partnership with CoreSearch Minerals and Mining Services LDA to initiate a mineral drilling program in Timor-Leste. This collaboration involves importing a custom rig and equipment to support the country’s emerging exploration and mining sector. The initial drilling will target manganese prospects, with operations expected to begin in May, pending environmental approvals. This venture marks a significant step in developing Timor-Leste’s mining industry, with Estrella providing capital support and retaining exclusive equipment rights until costs are recouped.
More about Estrella Resources Limited
Estrella Resources Limited is involved in the minerals exploration and mining industry, focusing on establishing mineral drilling capabilities. The company has partnered with CoreSearch Minerals and Mining Services LDA to enhance its operations in Timor-Leste, a country with a nascent mining industry.
YTD Price Performance: 25.00%
Average Trading Volume: 4,756,667
Technical Sentiment Signal: Buy
Current Market Cap: A$59.51M
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