Estrella Resources Limited has secured a strategic investment to advance the Timor-Leste Project

Estrella Resources Limited (ASX: ESR) announced a new strategic partnership. It has secured a subscription agreement with a strategic investor who can subscribe for up to AU$ 5,000,000 shares at a favorable issue price. This infusion of funds will be pivotal in advancing its Manganese exploration, resource drilling, and mine development studies.

This strategic investment has arrived at a crucial moment in its exploration and development of the Timor-Leste mineral assets, and it is meticulously structured to minimize dilution to its valued shareholders. Moreover, it will provide substantial development funding to the company at a significantly higher premium than the current market prices.

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