Quick little wrap up of the announcement for those that can't be bothered reading it all.
Estrella (ASX:ESR) just dropped a pretty interesting update.
They’ve signed a Master Agreement with Indonesian outfitPT Raka Energi Mandiri (REM)to help sell limestone from their Timor-Leste tenements — with REM gettingexclusive rightsto market and offtake limestone into Indonesia.
The kicker? They’re targetingup to 500 million tonnes over 5 yearsand REM gets performance-based share options (1 per tonne sold @ 5c). So REM only winsif sales actually happen— good alignment.
Why does it matter? The limestone sitsabovethe manganese targets, so Estrella can chase both — and this limestone looks like high-grade stuff (very pure calcite, good neutralising value).
With Indonesia pushing to clean up its nickel refining (acid neutralisation), this could tap straight into real industrial demand. And the limestone market in SE Asia is projected to hit$8B+ by 2032.
Early days, but if Estrella can tick off:
…this might turn into agenuine revenue stream, possibly helping fund the manganese side.
A bit of limestone on top of manganese — could be a tidy combo if they pull it off.
Worth watching.
(20min delay)