The latest announcement is out from Estrella Resources Limited ( (AU:ESR) ).
Estrella Resources Limited has announced the discovery of a significant area of alluvial manganese at the Soru Manganese Prospect within its Lautém Manganese Project in Timor-Leste. The discovery, which covers an area of 1.5km by 700m, is derived from the erosion of secondary manganese in nearby hills. The company is working to determine the grade, width, and source of the manganese deposits and is in the process of upgrading its Environmental License to allow for further exploration activities such as trenching and drilling. This development is expected to enhance Estrella’s exploration capabilities and potentially improve its market positioning in the manganese sector.
More about Estrella Resources Limited
Estrella Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary market focus is on manganese exploration, particularly within its Lautém Manganese Project in Timor-Leste.
YTD Price Performance: 50.0%
Average Trading Volume: 5,961,637
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61.56M
See more insights into ESR stock on TipRanks’ Stock Analysis page.