Slide 1: Heemskirk Tin Project - Tasmania
For personal use only Heemskirk Tin Project - Tasmania CEO: Peter Blight Investor Presentation 8 March 2013 ASX: SRZ www.stellarresources.com.au
Slide 2: Stellar's (SRZ) Strong Position in Tin
Stellar’s (SRZ) Strong Position in Tin For personal use only 1. Heemskirk is a world class tin resource 2. Highest grade undeveloped resource globally 3. Significant exploration potential in known tin field 4. Excellent existing infrastructure 5. Low environmental risk 6. Low political risk 7. Suppo
Slide 3: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code SRZ (listed April 2005) Shares on Issue 223.4M Share Price 5.5c (12 month range: 4-16c) Market Capitalisation $12M Cash $3.4M (Dec 12) Investments $0.3M Ownership Structure Board & Management Top 20 65.0% Phil Harman Non-Executive Chairman Gippsland
Slide 4: Great Location
Great Location For personal use only 100% owned Heemskirk tin project 100% owned St Dizier tin deposit Significant mining district Easy access to water & power Sealed road between both deposits Rail & road connects to Burnie Port 18km from Australia’s largest tin mine - Renison Bell 4
Slide 5: New JORC Mineral Resource
New JORC Mineral Resource For personal use only 49% increase in contained tin to 71,500 tonnes (from 48,000 tonnes) Potential to enhance PFS through increased mine-life. Resource risk reduced through greater geological consistency. Classification Deposit Tonnes Grade Contained Tin millions % t
Slide 6: Grade and Tonnage Rising
Grade and Tonnage Rising For personal use only Heemskirk: highest grade undeveloped ASX listed tin resource 2.00 1.75 Renison Bell 1.50 MLX 50% 1.25 Heemskirk SRZ 100% Tin Grade % 1.00 2011 2013 Achmmach MGT 83.5% KAS 100% 0.75 Mt Lindsay 0.50 Rentails VMS 100% Mt Garnet MLX 50% 0.25 CSD 100% Tarong
Slide 7: Heemskirk can get much bigger
Heemskirk can get much bigger For personal use only Average drilling depth just 350 metres – deepest holes 500 metres – considerable room for discoveries at depth. All deposits remain open. Montana @1.9% tin shows potential for high grade discoveries. Rension Bell, 18 km to northeast, is the
Slide 8: Target area: 1km to granite source
Target area: 1km to granite source For personal use only 8
Slide 9: All deposits remain open
All deposits remain open For personal use only Deposits plunge towards the Montana fault 9
Slide 10: Heemskirk: The Next Renison?
Heemskirk: The Next Renison? For personal use only Deepest drilling at Heemskirk 500m Area 4 Grades >3.0% tin 10
Slide 11: Exploration tools more focused
Exploration tools more focused For personal use only Mineral zonation provides targets below silver/lead workings. Grade – thickness zonation targets area between tin deposits. Structure an important tool in search for repetitions of known deposits. Discovery efficiency has improved: Previ
Slide 12: Heemskirk – a zoned mineral field
Heemskirk – a zoned mineral field For personal use only Vertical zonation from silver/lead (red) to tin (blue) to ? 12
Slide 13: Tracking high contained tin
Tracking high contained tin Purple Zone = Tin Content Above 10 metres x 1 percent For personal use only 13
Slide 14: Severn – multiple tin zones
Severn – multiple tin zones For personal use only 14
Slide 15: Structure is important
Structure is important For personal use only Severn Montana 15
Slide 16: Possible secondary dilation zone
Possible secondary dilation zone For personal use only Main Target Area Secondary Target Area 16
Slide 17: Preliminary Feasibility Well Advanced
Preliminary Feasibility Well Advanced For personal use only Production scheduling: Mining One Pty Ltd Geotech and mine design: Mining One Pty Ltd Metallurgy: Asther Pty Ltd and ALS AMMTEC Plant engineering and infrastructure: GR Engineering Pty Ltd Environmental: J Miedecke & Partners Pty
Slide 18: Metallurgy
Metallurgy For personal use only ALS AMMTEC testing typical high sulphide tin flow-sheet - similar circuit to Renison Bell mill. More than 98% of tin present as tin oxide mineral cassiterite. Rejection of 20% ROM with heavy liquids provides potential for operating and capital cost savings. T
Slide 19: Scoping study green-light for PFS
Scoping study green-light for PFS For personal use only Attractive rate of return & payback to advance Heemskirk to pre- feasibility stage US$12,780/t cash cost positions Heemskirk competitively on industry cost curve Life of mine revenue of $673m net of smelter charges 600,000 tpa throughpu
Slide 20: Competitive cost structure
Competitive cost structure Higher grades have the potential to lower cash costs For personal use only Cash cost estimates are used with permission from ITRI 20
Slide 21: Strong regional exploration position
Strong regional exploration position For personal use only 142 sq km over northern edge of tin bearing Heemskirk Granite 21
Slide 22: St Dizier – outcropping tin target
St Dizier – outcropping tin target 2.5 km of tin mineralised skarn For personal use only 22
Slide 23: Ramsay tin target
Ramsay tin target – right address 60 sq km over the northern edge of the Meredith Granite EL 1/2004 For personal use only 23
Slide 24: What is ahead in 2013?
What is ahead in 2013? For personal use only Resource expansion and infill drilling at Heemskirk - ongoing Exploration of regional tin targets - underway Metallurgical testwork - on-going Processing plant design and costing - underway Environmental and social impact studies - underway Up
Slide 25: Stellar undervalued relative to peers
Stellar undervalued relative to peers For personal use only 600 Enterprise value per tonne tin resource 500 400 300 200 100 0 SRZ CSD VMS KAS MLX 25
Slide 26: The investment case for Stellar
The investment case for stellar For personal use only High grade tin project in mining friendly jurisdiction Control destiny with 100% ownership Supportive cornerstone investor in RCF Well funded drilling program and potential to expand resources Tin market fundamentals are attractive Fe
Slide 27: Disclaimer
Disclaimer For personal use only Forward Looking Statement This presentation contains only a brief overview of Stellar Resources Limited (“Stellar") and its activities and operations. The contents of this presentation, including matters relating to the geology of Stellar’s projects, may rely on vari
Slide 28: Stellar Resources Limited
Stellar Resources Limited Level 17, 530 Collins Street Melbourne VIC 3000 Phone +61 3 9618 2540 Fax +61 3 9649 7200 For personal use only www.stellarresources.com.au 28