ESR estrella resources limited
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News: ESR Estrella Resources Signs MoU With Murak Rai For Joint Exploration And Mining Ventures

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    04/12/23
    12:40
    Post #: 71255914

    Dec 4 (Reuters) - Estrella Resources Ltd (ESR) :

    • SIGNS MOU WITH MURAK RAI FOR JOINT EXPLORATION AND MINING VENTURES IN TIMOR-LESTE
    • MOU INITIATES PROCESS WHEREBY CO AND MURAK RAI TIMOR WILL CREATE A JV
    • JV WILL SEE MRT FREE-CARRIED AT 30% UP TO PUBLIC RELEASE OF A DEFINITIVE FEASIBILITY STUDY PERTAINING TO MINING CONCESSIONS
    • MRT WILL BE A COMMERCIAL ENTITY WITH PRIVATE COMPANY RIGHTS AND PUBLIC CAPITAL
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