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ESTRELLA RESOURCES LIMITED Capital/Financing Update 2017

Jan 29, 2017

64878_rns_2017-01-29_bb0adec0-a8a6-4049-b7de-65551378ef1d.pdf

Capital/Financing Update

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30 January 2017

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Company Announcements

ASX Limited

PROGRAMME OF WORK (POW) APPROVAL RECEIVED

POW approval for maiden drilling program at Mt Edwards Lithium Project
Drilling to commence immediately over outcropping pegmatites

Estrella Resources Limited (ASX: ESR) (Estrella or the Company), is pleased to announce that it has received approval from the Western Australian Department of Mines and Petroleum for its maiden drilling program at the Mt Edwards Lithium Project (MELP). The project is located on and around the Widgiemooltha Dome in the eastern Goldfields region of Western Australia approximately 40km south of the producing Mt Marion Lithium mine (Mineral Resources, Ganfeng and Neometals).

The Company has engaged an experienced local Kalgoorlie drilling company to carry out a maiden RC drilling program of approximately 4,000 metres at the MELP. Drilling will commence as soon as practicable, with drilling crews and geological teams already mobilising to site. Access track and drill pad clearing is underway. The drilling program may be varied in the field on a results driven basis, depending on observations made by the Company’s geological team and from incoming results from assays as they come to hand.

About Estrella Resources

Estrella Resources is a minerals exploration company based in Perth, Western Australia. The Company holds lithium exploration and mining rights agreements with Apollo Phoenix Resources Pty Ltd which cover 129 km[2] of mineral tenements in a rapidly emerging world Class LCT pegmatite province. The Company’s major project, the Mt Edwards Lithium Project (MELP), is situated 40km south of the Mt Marion Lithium mine which is currently in production (Ganfeng, Mineral Resources and Neometals). The Company is actively looking to increase its asset base and activities.