Stellar Resources Limited · ASX:SRZ
Stellar Resources — Unearthed Natural Resources Conference 2025
29 slides from Stellar Resources's conference presentation, Feb 11, 2025
Slide 1: Australia's Next Tin Producer
Unearthed Natural Resources Conference 11 February 2025 Australia’s Next Tin Producer Critical Mineral essential for the electrification of the planet Investor Presentation February 2025 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 Summary Project to be supplied by 100% Renewable Energy 100% owned Heemskirk Tin Project, via 5 hydro power stations and Granville highest grade undeveloped tin project in Harbour wind farm within 30km. Australia and third globally. Excellent location & infrastructure, granted ML’s, 100%
Slide 5: Corporate Snapshot
Corporate Snapshot $9.5M $36.0M $0.015 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 31 January 2025 10 February 2025 the resources industry. Mr Connelly h
Slide 6: Heemskirk Tin Project
Heemskirk Tin Project Strategically Located Severn, Queen Hill, Montana & Oonah Tin Deposits and St Dizier Satellite Tin Project ✶ West Tasmania is a mining friendly jurisdiction – major underground operating mines & significant infrastructure nearby. ✶ Growth Potential – World class tin province. S
Slide 7: Heemskirk Mineral Resource Estimate
Heemskirk Mineral Resource Estimate September 2023 Large high-grade 47% of MRE defined in High-grade zones St Dizier Satellite tin resource. Indicated category. defined in all deposits. Tin Project 7.48Mt @ 1.04% Sn 36.99kt of contained tin Mine plan accessing higher-grade 1.20Mt @ 0.69% Sn 77.87kt
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 | February 2025 Resource (Mill
Slide 9: Scoping Study – The Base Case
Scoping Study – The Base Case… Robust Economics using Indicated Resource Only Base Case (pre-tax) at US$28,000/t tin Average of 1,900 tpa payable tin Proposed Heemskirk Tin Processing Plant 12 year 350kt +22kt Initial Average Annual LOM Tin in Mine Life Production Concentrate A$71M A$122M 33% ROAD F
Slide 10: Prefeasibility Study
Prefeasibility Study Mineral Resource Driving Upside Potential Conceptual Mine Plan Large upside moving into Prefeasibility Study Increase Indicated Resource base through drilling Stellar Resources | Corporate Presentation | February 2025 Refer to: ASX Announcement, 3 September 2024, Updated Heemski
Slide 11: Prefeasibility Study
Prefeasibility Study Mineral Resource Driving Upside Potential Conceptual Mine Plan Large upside moving into Prefeasibility Study Increase Indicated Resource base through drilling, allows an: Increase in Mining Rate, up to 750,000 tpa Stellar Resources | Corporate Presentation | February 2025 Ore so
Slide 12: Severn Deposit – Increasing the Indicated Tonnes
Heemskirk Tin Project Severn Deposit – Increasing the Indicated Tonnes ✶ Severn is the largest deposit with a strike length of over 500m and is open at depth and along strike. ✶ 2024/25 drilling has delivered record wide high-grade tin zones outside of Indicated Resource including: ZS166: 20.9m @ 1.
Slide 13: Severn Deposit – Growth & High-Grade Tin Potential
Heemskirk Tin Project Severn Deposit – Growth & High-Grade Tin Potential Stellar Resources | Corporate Presentation | February 2025 Drill Hole Cross Section, drill holes ZQ165 and ZS166, Indicated and Inferred resource blocks from the 2023 MRE SRZ Diamond drill core from Severn hole ZS166 from appro
Slide 14: Queen Hill Deposit – Growth & High-Grade Tin Potential
Heemskirk Tin Project Queen Hill Deposit – Growth & High-Grade Tin Potential ✶ 2024/2025 Infill drilling delivered wide high-grade tin zones including: ZQ170: 17.0m @ 1.79% Sn from 203.8m inc. 7.90m @ 2.74% Sn from 206m inc. 1.50m @ 6.08% Sn from 212m 2.05m @ 1.76% Sn from 226m and Stellar Resources
Slide 15: Ore Sorting – Excellent Results Across Severn Deposit
Ore Sorting – Excellent Results Across Severn Deposit Ore Sorting XRT Flow Sheet ✶ High-grade product generated: Stellar Resources | Corporate Presentation | February 2025 • Head grade increased to 1.65% Sn from 0.70% Sn average (2.4 x uplift) • 64.2% of the mass rejected • 84.7% Sn recovery achieve
Slide 16: Developing Heemskirk Standalone Capability
Developing Heemskirk Standalone Capability Prefeasibility Study - Delivering Increased Metal Production Saleable Tin Stellar aims to be Mine Life a producer of Resource Size Mining Rate Ore Sorting Plant Size 3,000 – 3,500 tpa Initial Resource Ability to Optimise Optimise 6-10 years 2025 PFS Objecti
Slide 17: Development Options – Reducing Environmental Impact
Development Options – Reducing Environmental Impact MOU signed on existing Infrastructure ✶ MOU signed with Australian Hualong Pty Ltd over Heemskirk and Surrounding Infrastructure Comstock Plant located adjacent to Heemskirk. ✶ On-site tailings storage facilities (TSF), a water supply, grid power,
Slide 18: 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 | February 2025 Reinitiated
Slide 19: 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 20: Tin Use
Tin Use Essential to everyday life ✶ Tin is already an essential metal. ✶ Uses increasing with technology & energy transition to boost demand. ✶ Concentrated global supply with mine Stellar Resources | Corporate Presentation | February 2025 disruptions, sluggish production & little alternative suppl
Slide 21: Supply Falling
2023 Tin Concentrate Production 2023 Refined Tin Production Global Tin Country Production (t) Country Production (t) Supply Falling China China Indonesia 69,500 59,573 China Indonesia 177,000 68,710 Myanmar 39,900 Peru 25,287 Indonesia Peru 26,231 Malaysia 20,722 Brazil 21,793 Brazil 15,394 Myanmar
Slide 22: Future Global Tin Market
Extensive Deficits Future Global Tin Market Forecast Consistent Shortfalls 10,000 Source: Macquarie Bank research | Reuters, February 2024 ✶ Tin is expected to be in deficit for years to come. Metric Tonnes of Refined Tin 8,000 7,000 5,000 6,000 ✶ Deficits in 2020 and 2021, resulted in tin price pus
Slide 23: 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. Increasing available mine inventory through resource upgrade and extensional drilling.
Slide 24: 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 25: Appendix - Prefeasibility Study
Appendix 2 - Prefeasibility Study 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 Res
Slide 26: Appendix – Heemskirk Tin Project Benchmarking Assumptions
Appendix 3 – 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 27: 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 28: 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
Slide 29: 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
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