Estrella Resources Limited (ASX:ESR) Announces High-Grade Assays for New Lautém Discoveries
Operational Achievements
Estrella Resources Limited (ASX: ESR) announced high-grade manganese assay results from its new Lautém discoveries in the Lautém Manganese Project, Timor-Leste. At Ira Miri, rock chip samples returned between 40.0% Mn and 58.6% Mn, with the supergene sub-crop assay reaching 58.4% Mn. The in-situ supergene at the Sica Prospect yielded assays between 46% Mn and 49.3% Mn. Additionally, detrital manganese on the Sica valley floor averaged 40.1% Mn.
Next Steps
Environmental surveys on Exploration and Evaluation License MEL2023-CA-ZA001 are complete, and drilling permit applications are being drafted for government approval. Estrella plans to commence drilling activities after the wet season, aiming to advance the Lautém Manganese Project and unlock its full potential.
Executive Comments
Managing Director Chris Daws stated, “I am excited to share the strong progress at our Lautém Manganese Project in Timor-Leste. Recent assays from the Ira Miri discovery area and the Sica Prospect have confirmed the significant potential for high-grade manganese mineralisation, reinforcing the value of this project. We are also pleased with the systematic sampling of detrital material on the Sica valley floor, which further supports the broader manganese mineralisation across the region. These discoveries have come about through the development of Estrella’s exploration model which is now being tested and proving highly successful. Environmental surveys for drill locations are now complete, and we are in the process of submitting drilling permit applications to the relevant Government bodies. We are eager to advance the Lautém Manganese Project and unlock its full potential.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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