Estrella Resources Ltd (ASX:ESR) has most recently been focussing on the Mt Edwards Lithium Project, located in a highly prospective region on Western Australia.
The project is 40 kilometres south of the Mt Marion Lithium project.
Estrella has this morning outlined that it is preparing to reveal an acquisition, and the ASX granted the company a trading halt to prepare.
The halt will remain in place until the opening of trade on Monday 4th September 2017, or earlier if an announcement is made to the market.