Stellar project lights up tin market

The May edition of Paydirt reports that despite the challenges tin producers and explorers are facing in the market, many remain bullish the sector will bounce back ‘with history suggesting a tin price recovery is on the cards’.

One explorer and developer ‘prepared for the fight’ is Stellar Resources, who article author, Mark Andrews, describes as a ‘potential rising star in the game’.

Earlier this year Stellar conducted a metallurgical optimisation study at its Heemskirk Tin project in Tasmania, which revealed better tin recoveries (up 7.4% to 79.5%) from the Severn deposit were possible, while average recoveries across all deposits improved by 4.5% to 72.8%. An increase in recoveries has also boosted production potential to 4,520t, resulting in a PFS valuation for the Heemskirk Tin Project of $160 million.

Commenting on Stellar’s credentials as Australia’s best emerging tin producer, Managing Director Peter Blight said, “There is growing interest within the tin industry itself as to where the next sustainable production is going to come from. What the industry is looking for is investible projects and I think we stack up pretty well on the list.”

The article also reports on the big focus for Stellar this year; starting a DFS at Heemskirk, with Andrews suggesting “further metallurgical improvements and resulting cost optimisations will no doubt help Stellar’s pursuit for cash”, with the company looking to secure $10 million.

The Australian: Time to bang the tin drum in a tight market

In his weekend criterion column for The Australian, Tim Boreham reports that the long-awaited reduction in Indonesian tin production is a “blessed relief” for developers such as Stellar Resources.

Indonesian tin accounts for 25% of the market and there were suggestions that Indonesian producers have been mulling the decision to cut output for some months.

Last week, in a move that saw a 7% rise in the price of the “handy industrial metal”; Refined Bangka Tin, the world’s biggest tin producer, announced that it would cease production infinitely – good news for Australian tin exploration and development company Stellar Resources.

As part of his reporting Boreham goes on to reference Stellar’s 100% ownership of the Tasmanian Heemskirk project, and the assertion that it is “the highest grade undeveloped tin resource on the local bourse.”

Throughout the article Boreham’s view of the tin market was a positive one, a perspective Peter Blight, Stellar Resources Managing Director, is very much in agreement with; adding that it is “in much better shape than the price suggests.”

The full article, including comments from Stellar Resources, can be found at: http://www.theaustralian.com.au/business/opinion/tin-miners-worth-a-look-in-a-tight-market/story-e6frg9lo-1227319357831

Herald Sun: Smart Money is on Tin Mining, and Stellar has a better than even chance of making the jump to production

In his daily ‘In The Black’ column for the Herald Sun, John Beveridge argues that mining might not be the “flavour of the month” with investors, but within mining “lie some pockets of great interest”.

Beveridge reports that tin is attracting smart money, with the prospect of lower production out of Indonesia and greater use in solar panels, lithium ion batteries and to replace lead in solder. He writes: “Junior explorer Stellar Resources is highly leveraged to any improvement in the tin price with its high grade Heemskirk tin project in Tasmania showing potential to start production in a higher tin price environment by late 2017 or early 2018.”

To read the full article, including comment from Stellar Resources Managing Director Peter Blight, please visit: http://www.heraldsun.com.au/business/in-the-black/invion-aims-to-silence-dreaded-smokers-cough/story-fni0d787-1227275541411

Paydirt: A Stellar Year

In the February edition of Paydirt, Stellar Resources Managing Director Peter Blight spoke with Rhys Dickinson to reflect on the great success the company had enjoyed in 2014 and discuss why even more excitement lies ahead.

Last year Stellar announced the results of a successful three-hole drilling campaign at Queen Hill, proving that tin mineralisation potentially extended an additional 150m down plunge of Queen Hill’s existing mineral resource.

Speaking about this positive result, Blight commented: “What the latest drill hole is suggesting is that there is very good potential in that deeper zone to find more mineralisation and possibly the three deposits (Queen Hill, Severn and Motana) coming together as you go deeper down. That’s all quite encouraging.”

During the interview, the Stellar MD explained how much of Stellar’s focus this year would be on the Severn deposit’s high grade areas: “We didn’t get around to doing drilling at Severn last year, mainly because we launched into this review of geology. That’s now given us some better ideas for targeting Severn, particularly focusing on the high grade tin areas,” he said. “We are still formulating the programme at the present time but the intention is to test some of these ideas in the early part of 2015.”

Overall, Blight believes that Stellar’s good work in 2014 has it poised for production in 2017: “We think the project is very highly ranked against the other tin development proposals out there, and the key advantage is the grade of the project and the infrastructure we have around us in Tasmania.”