Drill campaign imminent, Daws Suggests, SP will go parabolic, page-15

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.