Estrella shares surge 12.03% intraday after reporting top-tier manganese drilling results in Timor-Leste.

Estrella Resources surged 12.03% intraday following the announcement of high-grade manganese discoveries in Timor-Leste and progress on its limestone project. The company’s managing director highlighted exceptional drilling results, including an 8-meter intercept at 53% manganese, and outlined plans to expand exploration and secure a special investment agreement. The IP survey confirming geophysical detection of manganese targets further reinforced optimism about the project’s potential. These developments align with Estrella’s strategy to leverage Timor-Leste’s new mining code and position itself as a key player in critical minerals and limestone supply chains. Unrelated news about a Tennessee basketball player, a high school team, and a U.S. real estate development did not impact the stock’s movement.