Quarterly Activities/Appendix 5B Cash Flow Report

Estrella Resources Ltd has reported a positive increase in revenues and a decrease in net loss for the fiscal year ending 30 June 2023. The company saw revenues rise to A$412K, primarily driven by an increase in interest income. Net loss decreased by 30% to A$1.6M, with reductions in expenses such as share-based payments and consulting fees. The company's focus remains on its Western Australia-based nickel exploration and development projects, including the Spargoville Nickel Rights Project and Carr Boyd Nickel Project. Estrella is gearing up to conduct its maiden drilling program in Timor-Leste, marking the first minerals drilling in the region post the adoption of a modern mining code. Post period-end, the company has finalized drill targets and signed partnerships for drilling operations. They have also secured environmental approvals and engaged positively with local communities. Additionally, high-grade manganese results have been returned from various prospects. Estrella successfully completed a $3.75M Share Placement to fund upcoming drilling campaigns, ending the quarter with $3.15M cash on hand. The company is optimistic about its exploration endeavors and encourages shareholders to stay informed and engaged. For further details or inquiries, please feel free to reach out to us through our contact information provided.