My Quick Summary
- High-Grade Manganese Discoveries: Estrella Resources found high-grade manganese (40% to 58.6%) in two areas, Ira Miri and Sica, in Timor-Leste.
- Low Impurities: The manganese has low levels of boron, phosphorus, and silica, making it suitable for the steel industry.
- Ira Miri Findings: A manganese-rich layer was discovered just below the surface, with samples showing over 58% manganese.
- Sica Valley Deposit: A large deposit of manganese was found, naturally concentrated by water flow, with an average grade of 40.1% manganese.
- Environmental Surveys Completed: Surveys for drilling locations are done, and drilling permit applications are being prepared.
- Drilling Plans: Drilling is set to begin after the wet season ends in March-April.
- Market Potential: The manganese is low in boron and arsenic, making it attractive for steel production.
- Next Steps: Estrella will continue mapping and testing, with updates to shareholders as the project progresses.
(20min delay)