The market will start to look at Esr very differently, page-81

Goodluck all

Estrella is on the cusp of launching its much-anticipated drilling campaign in Timor-Leste and the timing couldn’t be better.

Access tracks are already being built, the wet season looks to be behind us, and the 7-day forecast shows just 3.5mm of rain. Ideal conditions to let the rigs turn uninterrupted.

Chris is also confirmed to attend the International Manganese Institute Conference in Tokyo, June 3–5 https://www.manganese.org/en/events-overview/2025-annual-conference-tokyo-japan
Now imagine the impact of walking into that global stage with fresh high-grade drill results in hand.

A 3m+ @ 45% manganese intercept has already been hinted would be enogh to excite the market but truthfully, I’m expecting more. If the grades hold across strike or at depth, the narrative shifts from potential to discovery, and fast.

Volume remains moderate now, but that’s likely to change. Over the next few weeks, volume will be the metric to watch. This isn’t driven by retail noise—this is calculated accumulation ahead of a pivotal moment.

Drilling is about to begin. The spotlight is coming. And Estrella is perfectly positioned.

Go ESTRELLA