Stellar Resources Limited · ASX:SRZ
Stellar Resources — Shareholder Meeting (November 2019)
19 slides from Stellar Resources's shareholder meeting presentation, Nov 26, 2019
Slide 1: Annual General Meeting Presentation
1 For personal use only ANNUAL GENERAL Presentation 26 November 2019 MEETING ASX: SRZ 2019 www.stellarresources.com.au
Slide 2: Agenda
2 ANNUAL GENERAL MEETING 2019 AGENDA For personal use only B o a r d R e st r u c t u r i ng A c h i e ve me n t s i n 2 0 1 9 - S t D i z i e r S c o p i ng S t u d y C o mp l e t e d ( J a n u a r y 2 0 1 9) - U p d a t e d H e e ms k i r k M i n e r a l R e s o u r c e E s t i ma t e ( M a y
Slide 3: Board of Directors
EXPERIENCED AND MULTI-DISCIPLINARY 3 WITH STRONG GLOBAL CONNECTIONS BOARD OF DIRECTORS For personal use only PHIL HARMAN, NON-EXECUTIVE CHAIRMAN GEOPHYSICIST Over 30 years experience in BHP Billiton minerals exploration THOMAS WHITING, NON-EXECUTIVE DIRECTOR Past and present Director of GEOPHYSICIST
Slide 4: Enviable Project Location
4 ENVIABLE PROJECT LOCATION WEST COAST TASMANIA – AUSTRALIA’S LARGEST AND MOST PRODUCTIVE For personal use only TIN FIELD Stellar owned (100%) tin properties: Heemskirk Project (Queen Hill, Severn, Montana and Oonah deposits) Razorback and St Dizier Satellite deposits Large Exploration Licen
Slide 5: Best Portfolio of Tin Assets in Australia
5 BEST PORTFOLIO OF TIN ASSETS IN AUSTRALIA For personal use only Secure Tenure: ML’s over Heemskirk deposits and St Dizier Large EL Package Providing Further Upside/ Flexibility
Slide 6: St Dizier Scoping Study Completed - January '19
6 ST DIZIER SCOPING STUDY COMPLETED - JANUARY ’19* For personal use only 409,179t @ 0.90% Sn In-pit diluted Indicated Mineral Resource 4.7:1 average strip ratio after application of 10% mining dilution and 95% mining recovery factors A$3.3m mining capital costs for drainage diversion, pit deve
Slide 7: Heemskirk Mineral Resource Update (May '19)
7 HEEMSKIRK MINERAL RESOURCE UPDATE (MAY ‘19)* For personal use only Classification Deposit Tonnage Total Sn Contained Cassiterite Cu Pb Zn mt % Sn t % 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
Slide 8: Competitive Grade/Tonnage Position
COMPETITIVE GRADE/TONNAGE POSITION 8 Bisie Alphamin Please refer to the following slide for project benchmarking For personal use only 5.1mt @ 4.5%Sn assumptions including; information sources, project stages & project resource categories 2µ
Slide 9: Project Benchmarking Assumptions
9 Project Benchmarking Assumptions For personal use only Project Company Country Project Total Total Total Measured Indicated Inferred Source / Company Annouoncemnt Date Stage Resource Resource Resource Resource Resource Resource Tonnes Grade Contained in Total in Total in Total (Mt) (%) Tin (kt) Bi
Slide 10: Heemskirk Tin Scoping Study (October '19)
10 HEEMSKIRK TIN SCOPING STUDY (October ‘19)* For personal use only ~350,000tpa underground mine, processing plant, tailings storage and surface infrastructure Mining of Queen Hill and then Severn (2 of the 4 Heemskirk deposits) for first 10 years Open pit mining of St Dizier satellite deposit
Slide 11: Attractive Scoping Study Economics
11 ATTRACTIVE SCOPING STUDY ECONOMICS For personal use only Heemskirk Scoping Study Base Case - Key Outcomes Low All-In Sustaining Cost of ~US$13,100/t Unit Total LOM of tin generating ~34% operating margin Ore Production (Mt) 3,695,386 Sn Grade (LOM Ave) (%) 0.94 based on US$20,000/t tin price as
Slide 12: Heemskirk Could Become the Next Renison
12 HEEMSKIRK COULD BECOME THE NEXT RENISON For personal use only Renison, Australia’s oldest, largest & highest-grade tin mine is located 18km to the NE of Heemskirk Heemskirk and Renison share the same ore genesis and geology Heemskirk deposits drilled to a depth of 500m – all deposits open a
Slide 13: Razorback Exploration Potential
RAZORBACK EXPLORATION POTENTIAL 13 Open pit operated from 1975-1978 For personal use only producing 158 tonnes tin 57 historical holes drilled between 1958 and 1982 Encouraging results from 2018 trench and face samples Exploration target of 180,000t to 220,000t @ 0.8% to 1.0% Sn *1 to a dept
Slide 14: Montana Flats Exploration Upside
14 MONTANA FLATS EXPLORATION UPSIDE For personal use only EL13/2018 adds 3 km of strike length along the northwest trending, tin-mineralising Oonah and Montana Faults All tin deposits and major silver mines lie along or between the Oonah and Montana Faults Silver miners of the 1900s largely ig
Slide 15: 2020/21 Work Plan and Budget
15 2020/21 WORK PLAN AND BUDGET FOCUS ON HEEMSKIRK PFS For personal use only Drilling - ~17 holes (6,800m) to increase Queen Hill and Severn Indicated Resource to ~3.3Mt and to support a Probable Reserve) Metallurgical testwork to focus on improving Pre Feasibility Study (18 months) (A$) Queen H
Slide 16: Tin Price Expected to Recover in 2020
16 TIN PRICE EXPECTED TO RECOVER IN 2020 For personal use only “Shanghai Metals Markets (SMM) expect tin prices to rebound above US$20,000/t by the end of 2019 as tight ore availability and maintenance-caused production cuts at China’s largest tin producer, Yunnan Tin, will lead to a sharp supply
Slide 17: The Investment Proposition
17 THE INVESTMENT PROPOSITION For personal use only Investment in the best tin project in Australia – highest grade undeveloped tin project in Australia and second highest globally Low cost investment – market capitalization significantly undervalues Stellar’s tin assets Heemskirk Scoping Study comp
Slide 18: Disclaimer
18 DISCLAIMER For personal use only FORWARD LOOKING STATEMENTS This presentation may include forward-looking statements. Forward-looking statements include, but are not limited to statements concerning Stellar Resources Limited’s planned activities and other statements that are not historical facts.
Slide 19: Stellar Resources Limited contact details
19 For personal use only STELLAR Level 17, 530 Collins Street Melbourne VIC 3000 RESOURCES Phone +61 3 9692 7222 Fax +61 3 9077 9233 LIMITED www.stellarresources.com.au
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