Estrella Resources Limited informed the market of the success of the first diamond drill hole of the new year. CBDD0042A intersected a broad zone of nickel, copper and PGE mineralisation on the basal contact of the T5 target area, 300m below hole CBDD0041 which also intersected nickel sulphides just prior to the Christmas shut-down. Both CBDD0041 and CBD0042A are located approximately 150 metres south of the discovery hole CBDD0030 at T5. Visual estimates for both holes are detailed in Table 1 and an interpretive cross-section. As can be seen in Figure 1, the basal contact is interpreted to have been offset by a set of flat-lying normal faults. On this section a barren pyroxenite intrusive was logged in the core and is interpreted to also have off-set mineralisation. Characterisation and timing of the faulting and the later pyroxenite intrusive will follow in due course however no significant remobilisation of the sulphides is apparent. Down-hole transient electromagnetic (DHTEM) surveying of CBDD0039, CBDD0041 and CBDD0042A is underway. The next hole, CBDD0043, has been collared 450m to the north on section 6,673,950 to look for the east-faulted mineralised contact that was not seen in CBDD0032 or CBDD0034, due to what is interpreted to be a fault blank. Both these holes intersected a significant fault zone before heading into the footwall basalt horizon. The mineralised footwall was observed above in both CBDD0028 and ESR RC hole CBP0042. The interpretation is that flat faulting has shifted the mineralised contact to the east. Once the contact has been located it may be possible to extend or wedge off CBDD0029 and CBDD0031 (a further 300m north of this section) that were drilled from the west, and failed to locate the contact due to the now interpreted fault off-set. This understanding has completely reopened the opportunity for discovery of nickel and copper mineralisation over an extensive distance at T5. Assay results for CBDD0035 and CBDD0036 have now been returned. To date, nine holes have intersected the basal T5 Target and the Company is getting a much better handle on the orientation and potential off-sets in the target zone. Five of the six holes to date have returned significant intercepts with assays outstanding for the three remaining holes. The basal contact is interpreted to be tilted since it was emplaced, however the geological evidence gathered to date still suggests that gravity accumulation of sulphides and nickel tenor is increasing with depth. Thus exploration potential also continues to increase with depth. This is common amongst intrusive nickel discoveries. The Carr Boyd Mine itself is not situated on the basal contact, however, it is interpreted to be closely related to remobilisation the T5 Mineralisation during intrusion emplacement and is for a sence of location and scale. The basal contact lies around 170m behind the Carr Boyd Mine and has received no testing at depth to-date. The Company believes there is a gelogical relationship between the T5 mineralisation and the Carr Boyd Ore and will continue to explore that relationship in due course. Next Steps: The DHTEM crew is on site and conducting downhole EM surveys on CBDD0039, CBDD0041 and CBDD0042A. Results will be announced once they have been interpreted together with 2020 DHTEM results. CBDD0043 has been collared and is aimed at finding the eastern off-set of the T5 Contact well below CBDD0028. If this contact is located then another hole will be collared to follow up either above or below this position to better define the extent, followed by further DHTEM. Mapping of the Carr Boyd Intrusive Complex will continue. Mapping to date has located several Sulphur sources in close proximity to the basal contact position of the intrusion and a regional round of drilling will be considered based upon the results.