At the 4:40 mark, did Daws inadvertently reveal that we have received offtake agreements even before any drilling has commenced?
Key Takeaways from the Interview
1. Ira Miri Will Be the Site of theFirst-Ever Drilling in Timor-Leste
·No exploration drill holes have ever been placed in Timor-Leste.
·Estrella will be the first company to conduct drilling, starting at Ira Miri.
·Surface samples indicate high-grade manganese, with assays between 50-55%.
·The drill program is fully funded, with contracts secured for RC and diamond drilling.
2. Offtake Agreements Have Been OfferedBefore Drilling
·Major commodity traders have shown interest before a single hole has been drilled.
·Offers for offtake agreements suggest confidence in the deposit’s potential.
·This early validation indicates a strong market demand for the manganese resource.
3. LMFP being developed where cars canbe charged as quickly as filling your car
·LFP (Lithium Iron Phosphate) batteries are widely used, but LMFP (Lithium Manganese Iron Phosphate) batteries are emerging as the next step.
·LMFP batteries improve energy density and charging times, making them crucial for EV development.
·Companies like BYD are leading the adoption of LMFP battery technology.
·This trend is increasing global demand for high-purity manganese.
4. Timor-Leste Has a Strong LogisticalAdvantage
·The Ira Miri deposit is 400 meters from a sealed road and 15km from a deep-water port.
·Its location near Japan, South Korea, Malaysia, and China provides direct access to major markets.
·These logistical factors reduce transportation costs and improve export potential.
Conclusion: Why This Information Matters
This interview has confirmed several critical points:
·Estrella is pioneering exploration in Timor-Leste.
·Market interest in offtake agreements exists before drilling has begun.
·Manganese is set to play a crucial role in the battery industry.
·Timor-Leste’s location provides an economic advantage for exports.
