THE DRILL SERGEANT: Estrella Resources (ASX: ESR) reported further news on progress at the company’s Spargoville nickel project, located outside Kambalda in Western Australia.

Estrella Resources received the second last batch of assays, which it said had confirmed good mining widths and high grades below the 5A Open Pit’s southern and central sections.

Results include:

SPDD018
6.8 metres at 4.4 per cent nickel from 66.2m, including 1.76m at 10.21 per cent nickel;

SPDD017
4.05m at 3.05 per cent nickel from 76.9m, including 1.28m at 7.28 per cent nickel;

SPDD016
3m at 1.15 per cent nickel from 23.3m, including 2m at 1.23 per cent nickel; and

SPDD015
19m at 0.74 per cent nickel from 36m, including 3.3m at 1.09 per cent nickel.

The company is now preparing to produce an updated Mineral Resource that is anticipated to be completed around three weeks after the receipt of final assays.

“As expected, we continue to see very high-grade assays returned from the recent confirmation diamond drilling of the 5A nickel deposit,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Planning for the extraction of the bulk sample has progressed significantly and I look forward to updating shareholders on how, where and when we are able to deliver these valuable nickel tonnes for processing as the company steps towards a profitable nickel operation.

“Outlook for nickel prices continue to look very favourable and now couldn’t be a better time to plan and develop a nickel mining operation.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@estrellaresources.com.au

Web: www.estrellaresources.com.au

THE DRILL SERGEANT: Estrella Resources (ASX: ESR) released assays from diamond drilling undertaken below existing workings at the company’s 100 per cent-owned Carr Boyd nickel and copper project, located outside Kalgoorlie-Boulder in Western Australia.

Estrella Resources achieved impressive massive sulphide assay results at the project from hole CBDD064, including:

Main Zone

16.2 metres at 3.12 per cent nickel and 0.6 per cent copper from 192.35m, including 8.07m at 4.31 per cent nickel and 0.75 per cent copper from 199.85m.

Results included individual assays up to 6.42 per cent nickel.

Mid Zone

1.45m at 1.57 per cent nickel and 0.75 per cent copper from 242.8m.

Lower Zone

12.97m at 1.07 per cent nickel and 0.25 per cent copper from 256m, including 3.98m at 1.25 per cent nickel and 0.41 per cent copper from 256.77m, and 5m at 1.37 per cent nickel and 0.21 per cent copper from 263.97m.

“The Carr Boyd project continues to produce some exceptional results, with numerous intersections of massive nickel sulphide and some very high nickel and copper assays associated with these drill hits,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our understanding of this large mineralised system is gaining with every drill hole.

“The high-grade results received from hole CBDD064 beneath the historic Carr Boyd mine not only sees our geological model intact but also bolsters our confidence to unlock further massive nickel sulphides.

“With nickel prices now reacting to strong demand from the global EV and battery revolution, Estrella is in an enviable position owning numerous quality nickel sulphide projects with scope for significant discoveries.

“The Ukraine War with Russia has seen nickel prices reach extraordinary levels overnight on the London Metal Exchange in excess of US$21.80per pound.

“These are prices that haven’t been seen since the resource boom in 2007 and in Australian dollar terms we haven’t seen such prices ever.

“As much as the nickel price rise is welcomed the war in Ukraine is not and I very much pray that peace is restored to the people of Ukraine.

“We are also well funded to continue our drilling efforts to locate what we believe could be a world class nickel sulphide discovery at Carr Boyd and I look forward in providing further news as we push forward.”

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@estrellaresources.com.au

Web: www.estrellaresources.com.au

THE DRILL SERGEANT: Estrella Resources (ASX: ESR) came out of a self-imposed trading halt to report an intersection of 6.75 metres of massive nickel-copper-iron sulphides within a broad zone of sulphide rich mineralisation at the company’s 100 per cent-owned Carr Boyd nickel-copper project, located just outside Kalgoorlie in Western Australia.

Estrella Resources encountered the intersection of large massive nickel-copper-iron sulphide intersection at the T5 discovery that was made in October last year and continues the company’s 100 per cent strike rate for nickel-copper-iron sulphides in its current Phase 3 diamond drilling program.

Estrella had designed hole CBDD054 as a platform hole from where it has drilled into an open area above CBDD0302 and CBDD0333, which both intersected massive to disseminated sulphides.

Hole CBDD054 intersected the basal contact between these two holes and a subsequent wedge hole – CBDD054A has been set for drilling of this exploration hole to target the area above the current intersection.

“We have hit another impressive massive sulphide zone in our Phase 3 drilling program, our best yet by far and with more drilling to come it is not unwarranted to expect more,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“It is a great reward for the patience that our team and shareholders have had in getting an understanding of the T5 geological setting.

“The significance of gaining an in-depth understanding of the local controls at T5 cannot be understated.

“We can take this understanding and begin to apply it to the broader T5 pyroxenite during Phase 4 exploration, and even beyond that.

“Seeing and understanding these broader geological phenomena allows us to trace sulphide flow through the Carr Boyd complex to additional and postulated trap sites as we know from our experience at T5 that they are often closely associated with massive nickel-copper sulphide formation.”

ESTRELLA RESOUCE MD CHRIS DAWS SPOKE WITH THE RESOURCES ROADHOUSE AT THE

RIU SYDNEY RESOURCES ROUNDUP

AND A COUPLE OF WEEKS LATER ON

THE ROADHOUSE VIDEO DIARY

Email: info@estrellaresources.com.au

Web: www.estrellaresources.com.au

THE DRILL SERGEANT: Estrella Resources (ASX: ESR) has further enhanced the T5 discovery at the company’s Carr Boyd project, north of Kalgoorlie in Western Australia.

Estrella Resources announced the intersection of 12.25 metres of sulphides, including massive nickel-copper-iron sulphide, further confirming mineralised accumulations on the T5 basal contact at the Carr Boyd project.

Hole CBDD049A was the second diamond tail drilled by one of the two drilling rigs the company has on site.

The hole entered a position below the recently announced diamond drill hole CBD0048 that intersected 12.9m of nickel-copper-iron sulphides.

Hole CBDD049A is 40m south of the T5 discovery drill hole CBDD030 the company drilled in October 2020.

“The discovery of further massive sulphide accumulations on a basal contact position is very important to developing Carr Boyd as a significant nickel-copper sulphide project,” Estrella Resources managing director Chris Daws said in the company’s ASX announcement.

“Our exploration model is continually being refined and vectoring in towards further massive sulphide discoveries remains our immediate focus.

“Our drilling hit rate is increasing with our knowledge and our team should be commended for their efforts.

“We have not lost sight of the fact that T5 is only one area in a much larger magmatic system, and that other trap-sites for nickel-copper sulphides have historically been identified within the Carr Boyd Intrusive Complex.

“We will be pressing on with exploration of all these areas in due course.”

CLICK HERE TO WATCH ESTRELLA RESOURCES MD IN CONVERSATION WITH THE RESOURCES ROADHOUSE

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Email: info@estrellaresources.com.au

Web: www.estrellaresources.com.au