Estrella Resources Limited
ESR: Annual Report to shareholders
Estrella Resources Limited reported a transformational year focused on its Timor-Leste projects, highlighted by high-grade manganese drill results and a successful 27,371-tonne market appraisal extraction at Ira Miri. The company also declared a maiden JORC Inferred Mineral Resource of 621 million tonnes of limestone at Werumata, with significant growth potential. Despite these operational successes, the company recorded a net loss of $23.98 million and impaired $21.13 million in Western Australian nickel exploration assets due to market conditions and a strategic shift to Timor-Leste.