Exploration Update - Timor Leste

Estrella Resources Ltd (ASX: ESR) has made significant progress in its exploration activities at the Werumata Limestone Project in Timor-Leste. Drilling is over 70% complete, revealing limestone formations up to 87m thick with promising calcite deposits below the target zone. Initial findings indicate potential for a JORC compliant resource of at least 500 million tonnes of limestone. Samples collected from the Ira Miri manganese prospect show high-grade mineralisation, with assays pending.

The company has signed an MOU with the University of Timor-Leste to establish a sample processing laboratory, enhancing exploration efficiency. Additionally, key milestones include the appointment of a Project Study Manager and progress in port infrastructure development for limestone exportation.

Despite a delay in meeting the REM Master Agreement deadline, ongoing discussions with REM are positive, ensuring continued collaboration post-deadline. The Company remains committed to advancing exploration in Timor-Leste, prioritizing integrity and quality in its operations.

Investors are encouraged to stay informed about upcoming assay results and the Company's proactive steps towards resource development. For further information or queries, investors can reach out to the Managing Director, Christopher J. Daws.