The huge importance of the upcoming drill campaign!I will be...

The huge importance of the upcoming drill campaign!

I will be eagerly awaiting for management to release the drilling plan and sucessful sourcing of drills and personnel for the upcoming campaign.

The drill program is vital for Estrella as it allows them to accurately locate and assess these manganese deposits. With the funds available, they'll be aiming to hit 40 to 50 targets, estimating about $15,000 per hole. This ambitious target is achievable due to several advantages:

1. Relaxed Government Regulations: Timor-Leste offers more lenient mining regulations compared to Australia, making exploration activities easier.

2. Supportive Government: The government in Timor-Leste is eager to promote mining and exploration, creating a favorable environment for Estrella.

3. Access to Cheaper Labor: Labor costs in Timor-Leste are lower, helping reduce overall expenses.

4. Experienced Team* Estrella has put together a strong, experienced team to ensure efficient exploration.

5. Shallow Manganese Deposits: The deposits in the region are shallow, cutting down the need for deep drilling and associated costs.

Challenges and Solutions

Despite these advantages, there are challenges that need addressing:

1. Lack of Infrastructure: Timor-Leste's underdeveloped infrastructure can complicate logistics and transportation.

2. Sourcing and Transporting Drills: Getting drilling equipment from Australia to Timor-Leste is a logistical challenge.

3. Manning the Equipment: Skilled drillers and operators are needed, and local expertise might (will) be lacking.

4. Transporting Equipment to Target Locations: Reaching remote locations can be tough due to poor infrastructure.

5. Training Local Workforce: Training programs are necessary for locals to operate the drilling equipment effectively.

6. Upcoming Wet Season: The wet season will slow progress.

Conclusion

With careful planning and strategic execution, the $1.25 million funding I have no doubt can provide short term Estrella with the 10× that management talked about recently. The parties circling are only increasing and within the next three months, that interest will continue to grow. I have been successful in researching who provided the $350,000 (MJ Ratta Investments Pty Ltd) funding recently. For now, I'll keep this information to myself!