This announcement covers a small share issue: 2,150,537 new fully paid ordinary shares, issued to a consultant to settle fees for services already provided, under our Employee Securities Incentive Plan (ESIP).

The shares were valued at A$0.028 each for this purpose and rank equally with our existing ordinary shares from the date of issue. No cash changed hands: this is a payment in shares rather than cash, which is a normal way for us to manage consulting costs.

Following this issue, Estrella has 2,248,728,227 ordinary shares on issue, alongside a range of unquoted options and performance rights that remain outstanding, as detailed in the announcement. The issue was made under an exception in the ASX Listing Rules that means it did not require shareholder approval.

This is an administrative filing rather than a change in our strategy or operations. It relates purely to how a portion of consulting fees was settled and doesn't affect our project work at Spargoville or Carr Boyd.

If you'd like to know more about this announcement, we welcome your questions through the hub.