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.
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.
