Estrella Resources appoints Robert Mencel as CEO, transitioning to Managing Director by mid-2026, to spearhead its limestone and manganese projects in Timor-Leste. The leadership reshuffle aims to accelerate development and operational ramp-up.
- Robert Mencel appointed CEO, transitioning to Managing Director by June 2026
- Christopher Daws shifts to Business Development role focusing on asset deals and partnerships
- Mencel brings 25+ years of global mining and greenfield project experience
- Recruitment underway for key technical and operational roles in Timor-Leste
- Performance-based equity options tied to Werumata Project milestones
Leadership Transition Signals Strategic Shift
Estrella Resources Limited has announced a significant senior management reshuffle as it prepares to advance its integrated limestone and manganese operations in Timor-Leste. The appointment of Robert Mencel as Chief Executive Officer, with a planned transition to Managing Director by June 30, 2026, marks a clear intent to strengthen leadership during a critical development phase.
Mencel’s extensive background, spanning over 25 years in mining, industrial minerals, and logistics, includes successful delivery of multiple greenfield projects from initial funding through to steady-state production. His experience with ASX-listed companies and deep operational expertise across the Indo-Pacific region positions him well to lead Estrella’s next growth chapter.
Continuity and Focus on Growth
While Mencel takes the helm, outgoing Managing Director Christopher Daws will remain with Estrella, transitioning to a Business Development role. This move ensures continuity within the senior leadership team while allowing Daws to concentrate on asset acquisition, divestments, and strengthening government and strategic partnerships, key areas for sustaining momentum in Timor-Leste.
The company is also actively recruiting for additional technical and operational roles, signalling an expanding footprint and the need for specialised expertise as it moves closer to project construction and operational ramp-up.
Incentives Aligned with Project Milestones
To align leadership incentives with project success, Mencel’s employment package includes a base salary of A$430,000 plus statutory superannuation, alongside a substantial equity incentive plan. This plan comprises 10 million zero-priced, performance-based options vesting upon achieving key milestones such as securing the Special Investment Agreement, full development funding, and significant limestone shipments from the Werumata Project.
This structure underscores Estrella’s commitment to disciplined, milestone-driven progress and reflects confidence in the commercial potential of its Timor-Leste assets.
Outlook for Timor-Leste Operations
Estrella’s projects in Timor-Leste represent a strategic opportunity to develop long-life, low-cost limestone and manganese operations close to key regional markets. Mencel’s appointment is a clear signal that the company is gearing up to transition from exploration success to commercial production, with an emphasis on sustainable, long-term operations.
As the company navigates the complexities of project development, government engagement, and market positioning, the strengthened leadership team will be pivotal in realising the full potential of these mineral resources.
Bottom Line?
With fresh leadership and aligned incentives, Estrella is poised to accelerate its Timor-Leste projects into production.
Questions in the middle?
- What is the timeline for securing full development funding for the Werumata Project?
- How will the new leadership approach potential partnerships and government negotiations in Timor-Leste?
- What additional technical roles are being recruited to support operational ramp-up?