Australia's Estrella rises after Timor-Leste approves exploration licences, manganese exports
BUZZ-Australia's Estrella rises after Timor-Leste approves exploration licences, manganese exports ** Shares of Australia's Estrella Resources Ltd ESR.AX rise as much as 3.6% to A$0.029, their biggest intraday pct gain since September 2
** The nickel miner says it received approval from Timor-Leste's mining sector regulator Autoridade Nacional dos Minerais Timor-Leste I.P. (ANM), for two 50-kilometre-square exploration and evaluation licences in the region
** Company says it also got conditional ANM approval to begin its first exports of manganese material from the Ira Miri project in Timor-Leste, with Estrella aiming to provide samples to up to four customers
** Estrella expects to receive Timorese Government export approval for its around 27,000 tons shipment shortly, it adds
** Stock down 6.5% so far this year, including the day's moves
(Reporting by Rudrannsh Mehra in Bengaluru)
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