Stellar Resources Overview
Stellar Resources is an ASX Listed (ASX: SRZ) company focused on developing the world class Heemskirk Tin Project in Western Tasmania and exploring for Victorian-style gold, tin, lithium and base metals in Northeast Tasmania.
Flagship Heemskirk Tin Project
Our flagship Heemskirk Tin Project is the highest-grade undeveloped tin resource in Australia and the third highest globally. A scoping study completed in late 2019 confirmed attractive economics of developing the project. Two infill drilling programs were completed during 2022 and 2023 focused on increasing the Heemskirk Tin Project Indicated Mineral Resource. An updated Indicated Mineral Resource of 3.52Mt @ 1.05% Sn (36,991t contained tin) was defined in September 2023 for the Heemskirk Tin Project. This represents a a 58% increase in the Indicated Mineral Resource component from the 2019 MRE, significantly increasing confidence in the Project. The Total Mineral Resource for the Project has been updated to 7.48Mt @ 1.04% Sn (77,872t contained tin).
Stellar‘s objective is to establish Heemskirk as Australia’s second largest tin producer.
Scamander Advanced Base Metals and Tin Exploration Project
Results of maiden exploration drillhole NSD005 in September 2023 confirmed a new high-grade Ag-Sn-Zn-Pb-In polymetallic discovery at the North Scamander Project with significant intercepts including:
- 32.0m @ 141 g/t Ag, 0.34% Sn, 3.8% Zn, 2.0% Pb, 77 g/t In and 19 g/t Ga from 130.0m
- Inc. 5.0m @ 495 g/t Ag, 1.04% Sn, 5.2% Zn, 7.1% Pb, 113 g/t In and 23 g/t Ga from 130.0m
- Inc. 1.4m @ 353 g/t Ag, 2.29% Sn, 14.2% Zn, 8.8% Pb, 594 g/t In, 29 g/t Ga from 159.7m
Individual assay results within this outstanding intercept include: 1,035 g/t Ag, 5.75% Sn, 27.6% Zn, 21.2% Pb, 1,070 g/t In and 37 g/t Ga.
The high-grade multi-commodity North Scamander discovery has similarities with the Sn-Ag polymetallic systems of world-class Bolivian Tin Belt.
Significant grades of critical minerals Indium and Gallium also recorded. The 77g/t average Indium grade over the 32m significant intercept compares favourably with Indium grades in known Indium-Base Metals deposits globally.
Northeast Tasmania Exploration Project
Stellar holds 12 Exploration Licences covering a large area of 2,212 km2 in Northeast Tasmania which is highly prospective for gold, tin, lithium and base metals and contains ~77 historic gold and ~83 tin and base metals occurrences. Exploration commenced in early 2022 focusing on reconnaissance field exploration and surface geochemical sampling of 22 priority desktop exploration targets. Encouraging results from the first major soil sampling program completed in 2022 defined significant soil gold anomalies at Leura and Back Creek on EL12/2020. During 2023 fieldwork has focused more on rockchip sampling programs targeting mica hosted lithium and tin targets with results pending.
Stellar Resources welcomes big tin resource boost at Heemskirk
Stellar Resources Ltd (ASX:SRZ) Executive Director, Gary Fietz tells Proactive the company has defined an updated indicated resource of 3.52 million tonnes at 1.05% tin for 36,991 tonnes contained tin for the Heemskirk Tin Project in Tasmania. This represents a 24% increase in contained tin compared to the November 2022 mineral resource estimate (MRE) and a 58% increase from the 2019 MRE, significantly increasing confidence in the project.