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.”

Explorers are in the money again

The Australian’s Robin Bromby writes of significant upheaval for exploration companies in the Australian tin mining sector as fresh funds appear to be flowing. The current situation is especially beneficial for the major players in trade, allowing them to continue financing mining exploration globally. A significant pick-up in tin exploration is expected by the June quarter, although the present market is tougher than in the late 1990s.

Meanwhile, French leading mining companies are actively pushing their interests in Francophone African countries trying to elbow out foreign multinationals.

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http://www.theaustralian.com.au/business/opinion/explorers-are-in-the-money-again/story-fnciihm9-1226835408376?nk=1f4e69ca9867dcf1dc15be3a56681604