Estrella Resources' high-grade manganese discovery in Timor-Leste

Estrella Resources Limited (ASX:ESR) has announced the discovery of high-grade manganese within the newly granted Exploration and Evaluation Licenses in the Baucau Municipality of Timor-Leste. The discovery, named the Samalari Manganese Prospect, is located only 7.5km from Timor-Leste's major northern highway and presents significant potential with outcropping manganese oxides traced over 1.7 kilometers and grades ranging between 32.7% and 53.9% manganese from laboratory assays.

Estrella Managing Director's perspective on the discovery

We are thrilled with the high-grade manganese discovery at Samalari within our newly granted Exploration and Evaluation Licenses in Timor-Leste. The outcropping manganese oxides traced over 1.7 kilometers, coupled with grades ranging between 32.7% and 53.9% manganese from our Perth laboratory assays, underscore the significant potential of this area. Pleasingly, most of our field pXRF rock-chip determinations exceeded 30% manganese and up to 56.2% manganese. The confidence gained from these reliable pXRF determinations, which substantially reduce assay wait times, enhances the efficiency of our exploration efforts. These consistent results from both Australian laboratory assays and in-country pXRF determinations further validate the quality of this discovery. With the addition of four new licenses, expanding our total landholding in Timor-Leste to nearly 700 square kilometers, we are well-positioned to advance our exploration efforts in this promising region and unlock further value for our stakeholders.

Summary of Estrella Resources' high-grade manganese discovery

Estrella Resources Limited (ASX:ESR) has made a significant high-grade manganese discovery, named the Samalari Manganese Prospect, within the newly granted Exploration and Evaluation Licenses in Timor-Leste. The prospect presents compelling potential with outcropping manganese oxides traced over 1.7 kilometers and grades ranging between 32.7% and 53.9% manganese from laboratory assays. The company's expansion of its total landholding in Timor-Leste to nearly 700 square kilometers positions it to advance exploration efforts in this promising region. Estrella is set to expedite the planned exploration program, including mapping, sampling, ground geophysics, and a scout drilling program to investigate the deeper manganese potential. The company aims to update shareholders as more information becomes available.