Stellar Resources Limited · ASX:SRZ
Stellar Resources — Mines and Money London (December 2024)
24 slides from Stellar Resources's conference presentation, December 2024
Slide 1: Australia's Next Tin Producer
London Australia’s Next Tin Producer Critical Mineral essential for the electrification of the planet Investor Presentation December 2024 ASX:SRZ
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Stellar Resources Limited (ASX: SRZ) (SRZ or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. Thi
Slide 3: Cautionary Statement
Cautionary Statement Scoping Study Parameters The Scoping Study referred to in this announcement has been undertaken for the purpose of ascertaining whether a business case can be made to proceed to more definitive studies on the viability of the Heemskirk Tin Project. It is a preliminary technical
Slide 4: Investment Summary
Investment Project to be supplied by Summary 100% Renewable Energy via 5 hydro power stations and Granville Harbour wind farm within 30km. 100% owned Heemskirk Tin Project, highest grade undeveloped tin project in Australia and third globally. Excellent location & infrastructure, granted ML’s, 100%
Slide 5: Corporate Snapshot
Corporate Snapshot $11.0M $42.9M $0.018 Board Mark Connelly NON -EXECUTIVE CHAIR | ACCOUNTANT CASH MARKET CAP (Fully Diluted) SHARE PRICE +30 years in mining, experienced listed-company Chair and wealth of leadership experience in 30 November 2024 Cash from options $3.08m 29 November 2024 the resour
Slide 6: Heemskirk Tin Project
Heemskirk Tin Project Strategically Located Stellar 100% Owned Tin Deposits Severn, Queen Hill, Montana & Oonah Tin Deposits and St Dizier Satellite Tin Project ✓ Secure Tenure – granted MLs over Heemskirk deposits, tailings pipeline, tailings storage and St Dizier Satellite Project. ✓ West Tasmania
Slide 7: Heemskirk Mineral Resource Estimate
Heemskirk Mineral Resource Estimate Sept 2023 Update Resource Tonnes Sn Contained Cassiterite % of Cu Pb Zn Classification Deposit Date (Mt) (%) Sn (t) Total Sn (%) (%) (%) (%) Upper Queen Hill 2023 0.37 1.07 3,991 88 0.14 1.84 0.72 Indicated Lower Queen Hill 2023 0.81 1.30 10,493 97 0.04 0.29 0.35
Slide 8: Benchmarking the Heemskirk Tin Project
Benchmarking the Heemskirk Tin Project Grade Advantage Heemskirk is the highest-grade undeveloped tin resource in Australia & 3rd highest globally Tin Grade % All Heemskirk deposits open at depth and include higher grade zones Stellar Resources | Corporate Presentation | December 2024 Resource (Mill
Slide 9: Updated Scoping Study
Updated Scoping Study Robust Economics using Indicated Resource Only Base Case (pre-tax) at US$28,000/t tin Conceptual Mine Plan 12 year 350kt +22kt Initial Average Annual LOM Tin in Mine Life Production Concentrate A$71M A$122M 33% Capex NPV8% IRR Stellar Resources | Corporate Presentation | Decemb
Slide 10: Updated Scoping Study: Project Parameters
Updated Scoping Study Project Parameters Proposed Heemskirk Tin Processing Plant ✓ Underground mining of Queen Hill and Severn deposits for first 12 years ✓ On-site processing plant, tailings storage and surface infrastructure ✓ Tin concentrate trucked to Port of Burnie ROAD FROM DECLINE TO ROM ROM
Slide 11: Prefeasibility Study Commenced
Prefeasibility Study Commenced Significant Additional Upside Potential Prefeasibility Study – targeting 2H 2025 completion 2023 Mineral Resource Utilisation - Several optimisations being evaluated including Mining Rate, Ore Sorting, Plant Size 7,500 Re-classification of large Inferred Mineral Resour
Slide 12: Heemskirk Tin Project: Severn Deposit
Heemskirk Tin Project Severn Deposit - Increase Indicated Tonnes ✓ Severn is the largest deposit with a strike length of over 500m and is open at depth and along strike. ✓ 2024 Infill drilling first results delivered record wide high- grade tin zones outside indicated resource including: ZS166: 20.9
Slide 13: Severn Deposit – Growth & High-Grade Tin Potential
Heemskirk Tin Project Severn Deposit – Growth & High-Grade Tin Potential Stellar Resources | Corporate Presentation | December 2024 Drill Hole Cross Section A-A’, new drill holes ZQ165 and ZS166, Indicated and Inferred resource blocks from the 2023 Diamond drill core from Severn hole ZS166 from appr
Slide 14: Ore Sorting, early PFS workstream
Ore Sorting, early PFS workstream Ore feed ✓ Ability to remove low grade at 1.27% Sn material from Process Plant. 1 2 ✓ Increases grade into plant, lowering cut-off grade. ✓ Lower grades become economic-offsetting any ore losses. Stellar Resources | Corporate Presentation | December 2024 ✓ Ore sorti
Slide 15: Development Pathway 24/25
Heemskirk Tin Project Development Pathway 24/25 Updated Mineral Resource Estimate Completed Pre-Feasibility Metallurgical Study 2H 2025 Scoping Study refresh testwork with Sept 23 MRE completed DHEM to identify additional targets Stellar Resources | Corporate Presentation | December 2024 Reinitiated
Slide 16: Energy transition
Energy transition To drive tin demand exponentially TIN No. 1 metal most Tin ranked as the No.1 metal best placed to impacted by new benefit from new technology. technology Source: MIT; Rio Tinto, 2018; ITA Currently ~50% of all tin is used as solder in electronics. Solder is the ‘glue’ that connect
Slide 17: Global Tin Supply Falling
Global Tin 2023 Tin Concentrate Production 2023 Refined Tin Production Supply Falling China Country China Production (t) 69,500 Country China Production (t) 177,000 Indonesia 59,573 Indonesia 68,710 Myanmar 39,900 Peru 25,287 Indonesia Peru 26,231 Malaysia 20,722 Brazil 21,793 Brazil 15,394 Myanmar
Slide 18: Extensive Deficits Future Global Tin Market
Extensive Deficits Future Global Tin Market Forecast Consistent Shortfalls 10,000 Source: Macquarie Bank research | Reuters, February 2024 Tin Market is ✓ Tin is expected to be in deficit for expected to years to come. Metric Tonnes of Refined Tin 8,000 7,000 swing to a 5,000 6,000 deficit in 2024 ✓
Slide 19: Why Invest
Why Invest 100% owned Heemskirk Tin Project highest grade undeveloped tin project in Australia and third globally. Excellent location & infrastructure, granted ML’s, 100% renewable energy, access to world markets. 2024 Updated Scoping Study demonstrated robust Stellar Resources | Corporate Presentat
Slide 20: Contact Us
Contact Us Simon Taylor Managing Director E: simon@stellarresources.com.au M: +61 409 367 460 Jason Mack White Noise Communications E: jason@whitenoisecomms.com M: +61 400 643 799 ASX: SRZ
Slide 21: Appendix – 2024 Scoping Study
Appendix 1 – 2024 Scoping Study Summary of Technical and Financial Parameters Capital Cost Summary Unit Total LOM (A$M) (US$M) Mining 11 7 Ore Production (kt) 3,894 Processing & Surface Infrastructure 40 27 Sn Grade (LOM Ave) (%) 0.78 Tailings 6 4 Tin Recovery (LOM Ave) (%) 75 Working Capital 12 8 T
Slide 22: Appendix – Heemskirk Tin Project Benchmarking Assumptions
Appendix 2 – Heemskirk Tin Project Benchmarking Assumptions As of 28 November 2024 Measured Indicated Total Resourc Resource Measured Indicated Contained Contained Resource Project Tonnes Grade Tonnes Grade e Contained Resource in Resource in Company Project Country Source Date Products Tin Tin Tonn
Slide 23: North Scamander Project
North Scamander Project High-Grade Discovery • Located in the Scamander Mineral Field in Northeast Tasmania. • Numerous high-priority drill ready targets including North Scamander and Pinnacles. • Stream sediment and soil Geochem returned significant rock-chip results up to 1.1% tin. Stellar Resourc
Slide 24: North Scamander Project
North Scamander Project High-Grade Discovery • Exploration drill hole (NSD005) returned a significant new high-grade Ag-Sn-Zn-Pb-In polymetallic discovery. • 32.0m @ 141 g/t Ag, 0.34% Sn, 3.8% Zn, 2.0% Pb, 77 g/t In, 19 g/t Ga from 130.0m inc. o 5.0m @ 495 g/t Ag, 1.04% Sn, 5.2% Zn, 7.1% Pb, 113 g/t
Stellar Resources — Mines and Money London (December 2024) on 6ix