Ann: Estrella Mobilises and Commences Drilling Timor-Leste, page-12

You’re calling this ramping? Let’s break it down properly.

Estrella has five full days (two of them being the weekend) to complete EMDM001. Yes, they’ve just started — but this is a diamond rig, and even conservatively estimating 20–25 metres per day, they can hit 100–120 metres in that time. That’s plenty to punch through the limestone and into the manganese horizon if it’s where they expect it to be.

If they hit strong visuals — say 5+ metres of 45%+ Mn — a trading halt first thing Monday is not ramping, it’s entirely procedural and likely.

And here’s the key question: why is Daws walking away from operations in Timor-Leste to fly to Tokyo for the IMnI Conference on June 3rd? That’s not a coincidence. That’s calculated.

This is classic Daws — lining up a potential PR moment, complete with fresh core trays, high-grade-looking visuals, polished photos, and a narrative aimed straight at battery metals investors and strategics.

No assays — just visuals. But in this market, visuals will move the needle.

This isn’t wild speculation — it’s a logical sequence. If they hit, the halt comes Monday. If not, they say nothing.

I’d say there’s an above average probability this is how it plays out.

We’ll see soon enough.