Estrella Received Regulatory Nod for Extraction of Manganese Oxide From Timor-Leste Project; Shares Fall 3%

MT Newswires Live

01/08

Estrella Resources (ASX:ESR) agreed with the mineral resources regulatory authority Autoridade Nacional dos Minerais for the extraction of up to 30,000 tonnes of high-grade manganese oxide from the Ira Miri manganese project at Timor-Leste, according to a Thursday filing with the Australian bourse.

Extraction equipment has been mobilised to the site, the filing said.

Shares of the company fell 3% in recent Thursday trade.

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