Stellar Resources Limited · ASX:SRZ
Stellar Resources — Shareholder Meeting (November 2021)
30 slides from Stellar Resources's shareholder meeting presentation, Nov 16, 2021
Slide 1: Investor Presentation
Investor Presentation Developing The World Class Heemskirk Tin Project and Exploring for Victorian-Style Gold in Tasmania 16 November 2021 - AGM Presentation ASX: SRZ 1
Slide 2: Board of Directors and Corporate
Board of Directors and Corporate SIMON O’LOUGHLIN, THOMAS WHITING, Corporate Summary (12/11/2021) NON-EXEC CHAIRMAN NON-EXEC DIRECTOR GEOPHYSICIST Share Price 2.5c LAWYER Founder of O’Loughlins Lawyers, Over 40 years in minerals Shares on Issue 833,979,522 an Adelaide based specialist Exploration bo
Slide 3: Heemskirk Tin Project
Heemskirk Tin Project Gai
Slide 4: Why Invest in Tin?
Why Invest in Tin? In what the London Mining Journal has called “the great tin LME Spot Tin Prices US$/t (1 Jan 2010 to 12 Nov 2021) 2 squeeze”1, tin prices have doubled since the start of 2021, exceeding 10-year highs, with LME spot tin prices now over US$39,000/t Tin demand is growing strongly: •
Slide 5: Tin – The Number 1 New Technology Metal
Tin – The Number 1 New 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
Slide 6: Heemskirk Tin Project – An Enviable Location
6 Heemskirk Tin Project – An Enviable Location West Coast Tasmania – Australia’s Largest and Most Productive Tin Field • Stellar owned (100%) tin properties: • Heemskirk Project (Queen Hill, Severn, Montana and Oonah deposits) • Razorback and St Dizier Satellite deposits • Large Exploration Licence
Slide 7: Heemskirk Tin – The Best Portfolio of Tin Assets in Australia
7 Heemskirk Tin – The Best Portfolio of Tin Assets in Australia • Secure Tenure: ML’s over Heemskirk Tin and St Dizier satellite deposit • Large EL Package: With a number of significant historic silver-lead mines providing further upside 7
Slide 8: Heemskirk Tin Project - Geology
Heemskirk Tin Project - Geology Schematic W-E Cross-Section 3700N, Showing Queen Hill and Severn Tin Deposits 8
Slide 9: Heemskirk Mineral Resource Estimate (May 2019)
9 Heemskirk Mineral Resource Estimate (May 2019) Heemskirk is the highest grade undeveloped tin resource in Australia & 2nd highest globally • 6.6Mt @ 1.1% Sn total resource reported to JORC 2012 at 0.6% Sn cut-off grade 3: Benchmarking – World Tin Resources Cassiterite Classific- Tonnes Sn Containe
Slide 10: 2021 Phase 1 Drilling Program
2021 Phase 1 Drilling Program5 • 9-hole Phase 1 diamond drilling program (~4,900m) targeting new areas of high-grade tin mineralisation commenced June 2021 with 2 rigs including: • Severn Program - 2 holes targeting depth extensions below the Severn tin resource. Severn is the largest of the 4 depos
Slide 11: 2021 Phase 1 Drilling Program Status (at 28 Oct 2021)
2021 Phase 1 Drilling Program Status (at 28 Oct 2021)5 Hole Planned Drilled to Status & Results to Date (Deposit) Depth (m) 28.10.21 (m) ZS140 700 889 Completed & assays received - Intersected wide zones of mineralisation ~240m down dip of the (Severn) current Severn resource ZM141A 460 534 Complete
Slide 12: Severn 2021 Program - Results to Date
Severn 2021 Program - Results to Date (Holes ZS140 and ZS143) 5 ZS140 (LEFT) • Assays confirm multiple wide zones of tin mineralisation ~240m down dip of the current Severn Resource. Severn is the largest of the Heemskirk Tin Project deposits and remains open ZS at depth 143 (RIGHT) • Several zones
Slide 13: South Severn Magnetic and Conductive Target
South Severn Magnetic and Conductive Target 6 • Magnetic and downhole EM 3D inversion modelling shows a large magnetic and approximately coincident conductive target, below the depth of historic drilling and centred to the south of the Severn Mineral Resource. • Modelling of 2012 heli-magnetic data
Slide 14: South Severn Magnetic and Conductive Target (cont)
South Severn Magnetic and Conductive Target 6 (cont) • Stellar interpret that the large magnetic dome modelled may represent a granite intrusion with an overlying magnetic cupola composed of massive or disseminated pyrrhotite (magnetic and conductive) that may host tin mineralisation. • The interpre
Slide 15: Historic Silver-Lead-Zinc Mine Extension 2021 Drilling Program
Historic Silver-Lead-Zinc Mine Extension 2021 Drilling Program 8 • 7 holes for a total of ~3,000m planned in 2021 program. • Highly mineralised Zeehan mineral field contains many historically significant high-grade silver-lead-zinc mines which lead to the development of a major town and smelters at
Slide 16: Historic Ag-Pb-Zn Mine Extension 2021 Drilling Program – Results to Date
Historic Ag-Pb-Zn Mine Extension 2021 Drilling Program – Results to Date Montana No. 1 (ZM141A) 4 • Drillhole ZM141A intersected several logged fissure vein lodes containing galena and sphalerite. • Presence of lead, zinc, silver, copper and tin confirmed by anomalous handheld XRF results. • Assay r
Slide 17: Historic Ag-Pb-Zn Mine Extension – Oonah and Zeehan Western
Historic Ag-Pb-Zn Mine Extension 2021 Drilling Program – Results to Date Oonah Zeehan Western (ZW145) 8 (ZO142 and ZO144) 5 • Drillhole ZM145 commenced late Oct. Second hole planned. • Mineralisation logged in • Zeehan Western was one of largest Ag-Pb mines in Zeehan Field. ZO142: Mineralisation fro
Slide 18: Phase 2 Drilling and Advancement to PFS/BFS Completion
Phase 2 Drilling and Advancement to PFS/BFS Completion 1 With the highest grade undeveloped tin resource in Australia & second highest globally, and a scoping study completed in late 2019 confirming attractive economics, the Heemskirk Tin Project is well positioned to take advantage of increasing ti
Slide 19: Heemskirk Tin Project - 2019 Scoping Study
Heemskirk Tin Project - 2019 Scoping Study 7 • ~350,000tpa underground mine, on site processing plant, tailings storage and surface infrastructure • Tin concentrate trucked to Port of Burnie (150km via sealed road) for export to Asian smelters • Tailings pumped to tailings storage facility via 6.7km
Slide 20: 2019 Scoping Study Demonstrates Attractive Economics for Heemskirk Tin Project
2019 Scoping Study Demonstrates Attractive Economics for Heemskirk Tin Project 7 Total Ore Production (LOM) (Mt) 3.70 • Low All-In Sustaining Cost of ~US$13,100/t of tin Annual Ore Production (LOM Ave) (Tonnes pa) 354,000 generating ~34% operating margin based on US$20,000/t Sn Grade (LOM Ave) (%) 0
Slide 21: 2019 Scoping Study – Major Project Studies are Well Advanced
2019 Scoping Study – Major Project Studies are Well Advanced 7 Metallurgy and Processing Low Capital Expenditure of ~A$57m • Renison Tin style flow-sheet tested at bench scale using drill core Section Estimated By (A$M) from Severn, Queen Hill & St Dizier (testwork by ALS Burnie) Mining (QH Decline)
Slide 22: North East Tasmania Gold Exploration Project
North East Tasmania Gold Exploration Project 22
Slide 23: NE Tasmania – A Continuation of Victorian Western Lachlan Fold Belt
NE Tasmania – A Continuation of Victorian Western Lachlan Fold Belt 10 • 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 •
Slide 24: NE Tasmania – A Continuation of Victorian Western Lachlan Fold Belt
NE Tasmania – A Continuation of Victorian Western Lachlan Fold Belt 10 Cambrian Ordovician Silurian Devonian Carboniferous Gold deposits in NE Tasmania share the same geological setting as their Victorian NE Tasmania counterparts: ✓ Ordovician turbiditic meta-sediments (Mathinna Super-Group) ✓ Ordov
Slide 25: NE Tasmania Gold Project – Exploration Licences
NE Tasmania Gold Project – Exploration Licences 10 • 8 Stellar EL’s granted over a total area of 1,899 km2 in August ‘21 • Stellar also holds 4 first-in-time EL applications (ELA’s) covering a further 624 km2 in NE Tasmania: • 2 ELA’s registered Sept 2020 (EL10/2020 & EL19/2020) expected to be grant
Slide 26: Summary of Gold Exploration Targets on Stellar’s NE Tasmania ELA’s
Summary of Gold Exploration Targets on Stellar’s NE Tasmania ELA’s 10 A number of desktop orogenic and IRGS gold exploration targets already identified using full GIS targeting capability developed by Stellar’s technical team including; recently reprocessed aeromagnetic, radiometric and gravity data
Slide 27: Exploration Program – NE Tasmania Gold Project
Exploration Program – NE Tasmania Gold Project 10 • Dr Josh Phillips (JP Geoscience) engaged by Stellar in September 2021 as a technical consultant to lead Stellar’s NE Tasmania exploration program. • Dr Phillips is based in Tasmania, has a PHD in geochemistry and has substantial experience working
Slide 28: Disclaimer
Disclaimer Footnotes / Live Links 1 The great tin squeeze, The Mining Journal, 15 February 2021 2 westmetall.com tin prices 3 SRZ Announcement, 16 May 2019, Updated Heemskirk Resource Increases Indicated Category and Confidence in the Project 4 SRZ Announcement, 7 September 2021, First 2 Drillholes
Slide 29: Heemskirk Tin Project Benchmarking Assumptions
Heemskirk Tin Project Benchmarking Assumptions Total Total Total Measured Indicated Inferred Project Resource Resource Resource Resource Resource Resource Project Company Country Stage Contained Source / Company Annouoncemnt Date Tonnes Grade in Total in Total in Total Completed Tin (Mt) (%) (%) (%)
Slide 30: Thank You
THANK YOU T: +61 3 9692 7222 F: +61 3 9077 9233 stellarresources.com.au srzinfo@stellarresources.com.au Level 4, 96-100 Albert Road, South Melbourne, Victoria, 3205 30 stellarresources.com.au stellarresources.com.au 30
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