Estrella Resources Limited (AU:ESR) has released an update.
Estrella Resources Limited has expanded its presence in Timor-Leste by securing four new Exploration and Evaluation Licenses, making it the largest concession holder in the country with a total area of 698.1 km2. This marks Estrella as the first foreign company to be granted concessions directly under the Timor-Leste 2021 Mining Code, showcasing the government’s confidence in the company’s exploration capabilities. The initial findings suggest the presence of significant manganese mineralization within the new concessions.
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