Estrella Resources Limited · ASX:ESR
Estrella Resources — Non-Deal Roadshow (November 2024)
24 slides from Estrella Resources's roadshow presentation, Nov 20, 2024
Slide 1: A Unicorn Moment in Exploration
For personal use only A Unicorn Moment in Exploration ESR Timor-Leste Presentation Non-Deal Roadshow Hong Kong & Singapore November 2024
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: Estrella in Timor-Leste
Estrella in Timor-Leste For personal use only 100 km • Estrella Murak Rai (EMR) incorporated in-country • Operates a Joint-Venture with state-run Murak Rai Timor (MRT) • EMR 70% MRT 30% JV on Exploration and Evaluation Licenses • The EEL’s cover 315.94 km2 (blue areas) • Licenses granted a 4-year te
Slide 4: Three Main Assets in Timor-Leste
Three Main Assets in Timor-Leste For personal use only • Biggest asset is our proven manganese exploration model on the largest exploration landholding in Timor-Leste of almost 700 km2 • Manganese is the obvious low-hanging fruit • Other commodities will be explored for including Cu, Au, Cr, Ni • Ti
Slide 5: Manganese Model
12% to 48% Mn Mn-Fe Oxides For personal use only 0.3% to 8% Mn Chert and Mudstone 35% to 58% Mn Mn Oxides Targeting Secondary Manganese, good tonnages that may or may not be preserved under cover, with supplementary high-grade tertiary manganese feed. No Samples were taken for assay – Refer to Appen
Slide 6: Simple Successful Working Model
Simple Successful For personal use only Working Model • Stratigraphic mapping of target primary horizons (Noni Formation) • Sampling of surficial and outcrop mineralisation • Development of in-house Induced Polarisation geophysics for deployment over preserved Noni Formation (under cover) • Competit
Slide 7: Our Team
Our Team For personal use only Chris Daws – Managing Director Steve Warriner – Technical Director Beau Nicholls – Associate Geologist Agio Xavier – Liaison and Logistics Officer Edwin Ornai – Project Geologist Kharol Varela – Exploration Geologist Bebeto Carlos – Exploration Geologist Eustaquio Amar
Slide 8: Office and Sample Prep Facility in Dili
For personal use only Office and Sample Prep Facility in Dili Office and container storage space Sample preparation and pXRF for rapid analysis Portable PPB Au analysis High-speed internet (Starlink) Large industrial yard shared with H2O Drilling Secure facility in Dili (Capital Timor-Leste) 4WD Wor
Slide 9: Regional Prospects (so far…)
Regional Prospects (so far…) For personal use only • ESR has been exploring on the ground since March 2024 • Adding one new prospect every month • Additional prospects off the leases have also been identified • Strategy in place to acquire additional ground • New high grade Mn discovery Ira Miri pXR
Slide 10: Ira Miri Prospect
For personal use only Ira Miri Prospect
Slide 11: Japanese Port
Japanese Port For personal use only • Old WW2 Stockpile from the local area • 2 Grab samples assayed 57.6% Mn and 58.1% Mn • Only 45 tonnes but gives a sense of the high-grade tertiary manganese feed available in the area and indicative assays See ASX Announcement dated 31 May 2024 titled “Timor Exp
Slide 12: New Port Location: Ililal
For personal use only NEW PORT LOCATION Ililal
Slide 13: Dasidara Prospect
Dasidara Prospect • 2 Grab samples assayed 58.4% Mn and 53.7% Mn • Was one of the sources for the Japanese Stockpile For personal use only • Tertiary manganese accumulation, tonnage spread out but very high grade • Artisanal collection or possibly ore sorting from riverbeds • Source secondary mangan
Slide 14: Lalena Prospect
Lalena Prospect For personal use only • Chert with supergene manganese exposed at surface • Links through to the Sica Prospect • Manganese forming at surface • This prospect went on the backburner with the Sica Discovery however it needs to be revisited with mapping and geophysics to find preserved
Slide 15: Sica Prospect
Sica Prospect For personal use only • Extensive tertiary supergene blanket at surface • In-situ secondary supergene source recently discovered in the surrounding hills • IP survey trials to start mid-November See ASX Announcement dated 11 October 2024 titled “Sica and Lalena Prospects Deliver Except
Slide 16: Sica Prospect Breakthrough
Sica Prospect Breakthrough For personal use only • Supergene source recently located in surrounding hills Refer ASX Announcement dated 18 November 2024 titled “New Supergene Manganese • Major breakthrough in terms of targeting Discovery”. Visual estimate at 90% iron-manganese oxide. Samples will be
Slide 17: Soru Prospect
For personal use only Soru Prospect • All indications of large supergene profile formation can be seen • Requires mapping and geophysics See ASX Announcement dated 19 April 2024 titled “New Soru Manganese Prospect Discovery” Right: Boulder of chert with some manganese enrichment visible. No mineral
Slide 18: Samalari Prospect
For personal use only • Large, mostly in-situ, high-grade supergene manganese outcrop only 7.8km from the highway • IP to start next week over known Samalari mineralisation to develop a regional, portable exploration tool Prospect • Environmental surveys and then drilling planned at Samalari • Regio
Slide 19: Samalari Prospect
For personal use only Samalari Prospect Pictures from ASX release dated 15 August 2024 “Additional Exploration Licenses in Timor – Revised” and map from ASX release dated 16 October 2024 “Samalari Exploration Update” – Refer to Appendix A
Slide 20: Ira Miri Prospect
Ira Miri Prospect For personal use only • 3-metre-high bed of outcropping supergene manganese discovered in reconnaissance mapping • Portable XRF on crushed field samples graded 57.5% Mn and 63.4% Mn, some of the highest grades seen to date. • Ira Miri lies across the river valley to the east on a p
Slide 21: For personal use only
For personal use only Close up of image presented in ASX Announcement dated 18 November 2024 titled “New Supergene Manganese Discovery”. Visual estimates of mineralisation included in previous slide.
Slide 22: Port of Com
For personal use only Port of Com 75km from Baucau
Slide 23: In Summary
In Summary For personal use only • The manganese-rich Noni Formation underlies the entire north- east of Timor-Leste • Weathering of the Noni has created a significant secondary high grade supergene manganese opportunity • ESR Model starting to bear fruit after 6 months of development such as Samala
Slide 24: Appendix A – Visual Estimates and Disclosure
Appendix A – Visual Estimates and Disclosure Slide Image Location Description Sample Type Visual Estimate * pXRF Estimate ** Expected timimg of Assays Primary Chert in-situ In-field rock chip 100% Chert 0.3% to 8% Mn Not submitted for assay 5 Right Secondary Manganese in-situ In-field rock chip 75%
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