Slide 1: Australia's Next Tin Producer
Australia’s Next Tin Producer ASX:SRZ A critical mineral essential for decarbonisation and electrification of the planet Corporate Presentation 18 August 2022
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Stellar Resources Limited (ASX: SRZ) (SRZ or the The Company confirms that all the material assumptions underpinning the production target, and Company). It contains general information about the Company’s activities current as at the date all foreca
Slide 3: Investment Highlights
Investment Heemskirk Tin Project Highlights Highest Grade Undeveloped Tin Project in Australia and Third-Highest Globally Located in the Scoping Study Excellent Resource Phase 2B Infill mining friendly demonstrates exploration update October drilling Q3 2022 town of Zeehan, attractive and potential
Slide 4: Corporate Snapshot
Corporate Snapshot Board of Directors SIMON O’LOUGHLIN 1.7c 839,302,626 NON-EXEC CHAIRMAN | LAWYER Founder of O’Loughlins Lawyers, an Adelaide based specialist commercial SHARE PRICE SHARES ON ISSUE law firm. Extensive Experience of equity capital markets, ASX and ASIC 18 August 2022 rules. Has held
Slide 5: Heemskirk Tin Project
Heemskirk Tin Project ASX:SRZ | 5
Slide 6: Heemskirk Tin Project – An Enviable Location
Heemskirk Tin Project – An Enviable Location Stellar 100% Owned Tin Projects: Heemskirk Tin Project (Severn, Queen Hill, Montana and Oonah deposits) Mount Razorback and St Dizier Satellite tin deposits Large Exploration Licence package • Five major underground metal mines, four currently operating,
Slide 7: Sustainable Tin Supply from OECD Country
Sustainable Tin Supply Project to be supplied by 100% from OECD Country Renewable Energy generation in Tasmania with Granville Harbour Wind Farm and 7 hydro power stations within 30km. Heemskirk Tin Project Favorable location at Zeehan Strong ESG Credentials Mining Community • Underground mine, with
Slide 8: Mineral Resource Estimate (May 2019)
Mineral Resource Estimate (May 2019) Cassiterite % Classification Deposit Tonnes (mt) Sn (%) Contained Sn (t) Cu (%) Pb (%) Zn (%) of total Sn (%) Indicated Upper Queen Hill 0.32 1.0 3,230 87 0.2 2.1 1.0 Lower Queen Hill 0.65 1.4 9,230 97 0.0 0.1 0.1 Severn 1.15 1.0 11,500 99 0.1 0.0 0.1 Total Indic
Slide 9: Heemskirk is the highest-grade undeveloped tin resource in Australia
Heemskirk is the highest-grade undeveloped tin resource in Australia & 3rd highest globally Refer to appendix 2 for peer company tin project benchmark assumptions ASX:SRZ | 9
Slide 10: Phase 2A Severn Infill Drilling Program
Phase 2A Severn Infill Drilling Program ZS154, last of 5 infill holes focused on increasing Severn Long Section the Severn Indicated Mineral Resource and further targets the high grade-thickness zone • Phase 2A drilling program of 6 diamond holes for 3,130m at Severn deposit Severn Plan View • 4 hol
Slide 11: Outstanding Results from Severn Phase 2A Holes To Date
Outstanding Results from Severn Phase 2A Holes To Date Est. True From To Length Sn Cu Severn Cross Section Hole No. (m) (m) (m) Thickness (%) (%) (m) 3,775 N (ZMG) ZS150 471.5 509.8 36.6 34.6 1.07 0.19 Second Best Severn 2 Intercept on record Including: 485.0 497.0 12.0 11.3 2.12 0.23 on Sn%*m basis
Slide 12: South Severn Magnetic and Conductive Target Hole
South Severn Magnetic and Conductive Target Hole • Large magnetic and coincident conductive target ZS152 underway identified at South Severn from geophysical modelling • Phase 2A Hole ZS152 (900m) underway to test this high priority target • Tasmanian Government Co- funded Exploration Drilling Grant
Slide 13: 2019 Scoping Study – Outline
2019 Scoping Study – Outline Conceptual Heemskirk Tin Project Mine Design (Grey stopes=Indicated, Brown Stopes= Inferred) Proposed Heemskirk Tin Processing Plant • ~350,000tpa underground mine, on site processing plant, tailings storage • Scoping study mine plan contains 58% Indicated Mineral and su
Slide 14: Attractive and Robust Economics
Attractive and Robust Economics Stellar well positioned to take advantage of increasing tin demand and global supply shortages from sustainable ESG compliant Heemskirk Tin Project • Low All-In Sustaining Cost of Infill drilling underway to increase confidence in Mineral Resource ~US$13,100/t of tin
Slide 15: Advancing Heemskirk Tin Project to Development
Advancing Heemskirk Tin Project to Development Scoping Study Update (November 2022) Mining study Severn Mineral update PFS Resource Update (November 2022) planned in targeting significant 2023 increase in Severn Indicated Mineral Resource (October 2022) Phase 2B Infill Drilling to further increase C
Slide 16: Tin – A Technology Metal
Tin – A Technology Metal Tin ranked as the No.1 metal best placed to benefit from new technology. ~50% of all tin is used as solder in electronics. Solder is the ‘glue’ that connects everything electronic. Our clean, new technology future will be driven by robotics, computing, EV’s, energy storage a
Slide 17: Tin demand is growing strongly
Tin demand is growing strongly • ‘Electrification’ driven by de-carbonization along with Covid and the rise of remote working has boosted global demand for electronics. • Tin solder is the ‘glue’ connecting everything electronic, this has resulted in strongly growing demand for tin. • Growing demand
Slide 18: Global tin supply is falling
China Myanmar Indonesia South America Global Tin Production by Country Global tin supply is falling Significant global tin supply deficit in 2020 and 2021 • 75% of global tin production from non tier-one, non OECD countries and forecast to continue • Myanmar production continuing to fall (military c
Slide 19: NE Tasmania Gold and Base Metals Exploration
NE Tasmania Gold and Base Metals Exploration ASX:SRZ | 19
Slide 20: NE Tasmania - A continuation of Victorian Western Lachlan Fold Belt
NE Tasmania - A continuation of Victorian Western Lachlan Fold Belt • NE Tasmania is a continuation of the Victorian Western Lachlan Fold Belt, which hosts the Fosterville Mine, other Tier 1 goldfields including Bendigo, Ballarat, Stawell, Walhalla and Woods Point and has produced >80 MOz gold. • St
Slide 21: Significant Ground Position in NE Tasmania
Significant Ground Position in NE Tasmania • 12 Stellar EL’s granted over a total area of 2,559 km2 in NE Tasmania, prospective for gold and base metals • First-in-time Stellar EL application over the Mt Paris and Scamander North areas (97 km2), prospective for lithium, tin and other base metals • ~
Slide 22: Leura and Back Creek Soil Sampling Results (EL12/2020)
Leura and Back Creek Soil Sampling Results (EL12/2020) • First NE Tasmania Gold Exploration field program completed by Stellar in 2022. • Identified as a priority exploration target: 1. High grade historic mines (~57 g/t ave grade mined Leura, 9 - 20 g/t mined at Back Creek goldfield) 2. Similar str
Slide 23: Scamander (EL19/2020) Advanced Tin-Base Metals Exploration Targets
Scamander (EL19/2020) Advanced Tin-Base Metals Exploration Targets • Great Pyramid historic tin mine on RL2/2009 (TORC) – JORC EL19/2020 Stream Sediment Anomalies overlain on Regional Magnetics resource of 5.2Mt @ 0.22% Sn at a 0.1% Sn Cut-Off, with average drilling depth of 46m. • Regional NW-SE tr
Slide 24: Stellar is Competitively Valued
Stellar is Competitively Valued $120,000,000 $1,600 $1,400 $100,000,000 Enterprise Value (A$M) EV/Resource (A$/t) $1,200 Market Capitalisation A$M $80,000,000 $1,000 $60,000,000 EV/ t tin $800 $600 $40,000,000 $400 $20,000,000 $200 $- Cornish Metals Elementos First Tin Stellar Resources Tin One Reso
Slide 25: Why Invest?
Why Invest? Highest grade Advancing the Looming tin Exciting gold and undeveloped tin Heemskirk Tin supply shortage tin/base metal project in Australia Project to PFS in exploration targets and third 2022 in North East highest globally Tasmania ASX:SRZ | 25
Slide 26: Contact Us
Contact Us E: srzinfo@stellarresources.com.au T: +61 3 9692 7222 Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 ASX:SRZ
Slide 27: Appendix 1 2019 Scoping Study – Major Project Studies
Appendix 1 2019 Scoping Study – Major Project Section Estimated By (A$M) Studies are Well Advanced Mining (QH Decline) (Mining one) 8 Processing & Surface Infrastructure (Mincore) 34 Tailings Pipeline (6.7km) and Storage (J Miedecke & Mincore) 5 Metallurgy and Environment and Working Capital (Stella
Slide 28: Appendix 2 – Heemskirk Tin Project Benchmarking Assumptions
Appendix 2 – Heemskirk Tin Project Benchmarking Assumptions Measured Indicated Project Stage Total Resource Total Resource Total Resource Inferred Resource Project Company Country Products Resource Resource Source / Company Annouoncemnt Date Completed Tonnes (Mt) Grade (%) Contained Tin (kt) in Tota
Slide 29: Appendix 3 – Peer Company Benchmarks
Appendix 3 – Peer Company Benchmarks Ticker Project Market Cap Market Cap Enterprise Value Tin Metal EV/Resource Company Project Stage Cash A$(M) Cash Date Code Location A$(M) Date (A$M) (Sn t) (A$/t) Cornish 30th April Financials + 23 May CUSN.L UK South Crofty PFS $177,654,400 29th July 2022 $78,8