Estrella Resources Limited · ASX:ESR
Estrella Resources — IGNITE Hong Kong April 2026
17 slides from Estrella Resources's conference presentation, Apr 15, 2026
Slide 1: IGNITE Hong Kong April 2026
For personal use only IGNITE Hong Kong April 2026
Slide 2: Disclaimer & Declaration
Disclaimer & Declaration This presentation has been prepared by Estrella Resources Limited (“ESR”) as a summary of the company’s exploration and development activities. No Offer of Securities The presentation is not, and should not, be considered as an offer or invitation to subscribe for, or purcha
Slide 3: Highlights: Scale, Speed, and First Mover Control
Highlights: SCALE,SPEED, AND FIRST MOVER CONTROL For personal use only • High-grade, direct-shipping manganese Manganese project • First mining and exports for Timor-Leste advances • Clear pathway to scale • Exceptional thicknesses intersected Broad limestone • Laterally extensive, near-surface mine
Slide 4: Mining in Timor-Leste: Who came second?
Mining in Timor-Leste: Who came second? For personal use only In 2024, Estrella Estrella was the In 2025, Estrella Estrella was the Estrella is FIRST in was the FIRST to In 2026, Estrella FIRST to JV with FIRST to discover concession size in was the FIRST to was the FIRST to be awarded Murak Rai the
Slide 5: Timor-Leste: An exceptional opportunity
Timor-Leste: An exceptional opportunity For personal use only ▪ Large swathes of land which are virtually unexplored ▪ A series of high-quality targets developed across a large license holding ▪ Modern minerals code and regulatory body established ▪ Located ~90min flight from Darwin ▪ High-quality i
Slide 6: Ira Miri Manganese Development
For personal use only Ira Miri Manganese Development 6 Sample extraction operations at the Ira Miri pit1,2, 3
Slide 7: Ira Miri Manganese Project: Located in a highly-prospective region
Ira Miri Manganese Project Located in a highly-prospective region For personal use only ▪ Timor-Leste is located in a complex geological setting where three major tectonic plates converge and uplift fertile ground ▪ The region possesses multi-commodity potential but has never been extensively explor
Slide 8: Ira Miri Manganese Project: Rapid high-grade manganese development
Ira Miri Manganese Project Rapid high-grade manganese development ▪ March 2024 For personal use only ▪ Maiden exploration in Timor-Leste revealed significant outcropping manganese ▪ Rock chip assays, geological and geophysical studies identify manganese hosting Noni Formation ▪ May 2025 ▪ Estrella c
Slide 9: Ira Miri Manganese Project
Ira Miri Manganese Project For personal use only ▪ January 2026 ▪ Extraction of up to 30kT of manganese ore for market appraisal approved by the Timor- Leste government ▪ February 2026 ▪ ~22,600 tonnes of the permitted 30,000- tonnes extracted ▪ 95% Timorese workforce, with zero LTIs and strong ongo
Slide 10: Product Validation and First Exports
Ira Miri Manganese Project Product Validation and First Exports For personal use only • High-grade, direct-shipping manganese successfully mined and stockpiled • Representative bulk material being prepared for customer specification testing • Active engagement with potential offtake partners underwa
Slide 11: Werumata Limestone Project
For personal use only Werumata Limestone Project 11
Slide 12: Werumata Limestone Project: Platform - Scale Industrial opportunity
Werumata Limestone Project Platform - Scale Industrial opportunity For personal use only N ▪ Laterally extensive limestone and chalk units defined across large areas ▪ Exceptional thicknesses intersected, supporting bulk-scale development ▪ Clean, low-impurity material suitable for industrial and en
Slide 13: Maiden drilling defines broad-scale discovery
Werumata Limestone Project Maiden drilling defines broad-scale discovery For personal use only ▪ Estrella has completed 33 RC drill holes (for 2,804m) and 9 diamond holes (for 913.10m) which have encountered highly encouraging broad intersections ▪ Baucau Limestone intersections up to 87m*, averagin
Slide 14: Werumata Limestone Project: JORC Resource imminent
Werumata Limestone Project JORC Resource imminent ▪ Following maiden drilling Estrella is well positioned towards its target of a 500Mt Inferred JORC Resource For personal use only ▪ Estrella is collaborating with the Universidade Nacional Timor Lorosa'e to complete necessary bulk density assessment
Slide 15: Capital Structure
Capital Structure ASX Ticker ESR Share Price A$0.03 (as at 11th April 2026) For personal use only Market Cap ~A$66.3M Cash ~ A$3.7M (as at 11th April 2026) Enterprise Value ~$62.6M 15
Slide 16: Highlights: Estrella is Winning, It is First
Highlights: ESTRELLA IS WINNING IT IS FIRST Highly-prospective discoveries in an unexplored region For personal use only • 30,000kT manganese market sample being extracted Manganese project for potential offtake partners advances • High-grade assays and open pit support potential for further expansi
Slide 17: Contact: Chris Daws
For personal use only Contact: Chris Daws Managing Director M: +61 8 9481 0389 E: info@estrellaresources.com.au 17