Estrella Resources presented an investor update highlighting a 533Mt limestone resource at the Werumata project and exceptional copper-gold surface sampling at the Laleno Dome in Timor-Leste. The company also noted progress with its manganese bulk sample at Ira Miri and announced upcoming drilling campaigns for both copper and limestone targets.
Estrella Resources Limited has announced a significant Mineral Resource Estimate (MRE) upgrade for its Werumata Limestone Project in Timor-Leste. The updated MRE now includes 274Mt of Indicated Resource, representing 51% of the total 533Mt, a substantial improvement from the entirely Inferred maiden MRE. This upgrade, particularly for the high-quality Product 1 limestone, is supported by an expanded bulk density program and provides a stronger technical foundation for advancing development studies.
Cassius Mining Limited's annual report highlights a substantial JORC 2012 compliant Mineral Resource Estimate for its Soalara Limestone Project in Madagascar, which has attracted interest from major international steel producers. The company also provided an update on its international arbitration against the Government of Ghana, with a damages claim of approximately USD521 million. Despite these developments, the company reported a significant loss and net liabilities, leading to material uncertainty about its ability to continue as a going concern, necessitating further external funding.
