Estrella Resources Limited Updates on Spargoville 5A Bulk Sample and DFS
material of which there is around 16,000t grading 7.8% Ni within the Measured Resource category. This will be blended with the matrix mineralisation and trucked to a third party. Minecomp in Kalgoorlie has completed the open pit cutback design with structural and stability input from Green Geotechnical. Minecomp is in the last stages of finalising the site lay-out plans required for environmental and departmental approvals. The ore and waste schedules have been finalised which can now be used to inform a more detailled financial model and revenue forecast. MBS Environmental has been engaged to assist the company with the statutory approvals process, waste
management and the Mine Closure Plan. Testing of the expected waste material to date has indicated that all waste from the mine should be self-neutralising and will not pose any environmental risk. Any waste
sulphide material can be safely managed by encaptulating it within the waste dump. A long-section through the 5A Measured Resource with the existing and optimised open pits. The majority of the measured category is expected to be extracted, leaving behind the thinner fringe zones of mineralisation that would suffer too much dilution during mining to be economic. The Company looks forward to updating shareholders further as the Spargoville Nickel Project progresses.