Stelar Metals Limited · ASX:SLB
Stelar Metals — Merger or Acquisition (May 2026)
15 slides from Stelar Metals's merger presentation, May 2026
Slide 1: Hill of Leaders Tungsten Project
Hill of Leaders Tungsten Project NORTHERN TERRITORY ASX:SLB May 2026 | Investor Presentation
Slide 2: Disclaimer
Disclaimer ASX:SLB General information only It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. Stelar This Presentati
Slide 3: Tungsten is strategically important; executive chair quote
ASX:SLB Tungsten is one of the most strategically important critical minerals in the world right now, INVESTOR PRESENTATION with prices surging nearly 900% in twelve months as Western governments move to de-couple from Chinese supply chains. Hill of Leaders has genuine discovery potential of scale a
Slide 4: Critical Minerals Opportunity
Critical Minerals Opportunity ASX:SLB Strategic Tungsten opportunity Highly prospective tenure with with scale potential in the geological similarities to known deposits Northern Territory, Australia and historical high-grade results INVESTOR PRESENTATION Tungsten is classified as a SLB management h
Slide 5: Team track record: Core Lithium Finniss project
Stelar’s team successfully acquired, developed, financed and built Core ASX:SLB Lithium's Finniss Lithium Project - which became the first operating lithium mine in the Northern Territory. We know what it takes to identify quality critical minerals projects early and unlock substantial value. Hill O
Slide 6: Corporate Snapshot
Corporate Stelar is led by an experienced Board & Management Team with a track record of delivering value in critical minerals Snapshot ASX:SLB Stephen Biggins | Executive Chair BSc Hons (Geology), MBA. 25 years of local and international exploration and discovery experience as a geologist and execu
Slide 7: Why Tungsten, Why Now
Why Tungsten, Why Now ASX:SLB Global Supply Crisis Hill of Leaders Advantage China Controls ~80% ‣ Near-term discovery opportunity Of global tungsten supply1 — Western nations Scale tenure with high-grade surface outcrop + shallow INVESTOR PRESENTATION scrambling to secure non-Chinese sources amid o
Slide 8: Key Exploration Results
Hill Of Leaders 2.1% WO3 11.8% Cu ASX:SLB Tungsten Field 0.97% WO3 Key Exploration Results 0.80% WO3 1.45% WO3 Rock Chips INVESTOR PRESENTATION KWAC058 (EOH) 5m @ 0.167% WO3 6.05%% WO₃ 0.97%% WO₃ Hill of Leaders (MPL21_525) North Curtis (KW046) 1.27%% WO₃ 0.89%% WO₃ Hill of Leaders (MPL21_694) Doria
Slide 9: Tungsten mineralisation and strike length potential
+2,000m strike ASX:SLB length potential Curtis ‣ Tungsten mineralisation Doria hosted within quartz veins, alteration zones and greisen intruding the Hill of Leaders INVESTOR PRESENTATION Granite Hill of Leaders ‣ Mineralisation presents as a swarm of multiple narrow quartz veins and surrounding alt
Slide 10: Also High-grade Copper
Also High-grade ASX:SLB Copper at 11.85 % Cu 5.98 % Cu Surface ‣ Surface rock chip sampling in 2024-2025 identified highly anomalous copper INVESTOR PRESENTATION and bismuth alongside tungsten mineralisation 1.26 % Cu 2.86 % Cu 10
Slide 11: vs Hatches Creek and Moly Hill Analogues
Hill of Leaders vs Hatches Creek and Moly Hill Analogues ASX:SLB High-grade results near surface NT Tungsten Analogues Project Hatches Creek Hill of Leaders Moly Hill Surface Rock Chips (FHB 2024–25) Company ASX:TGN ASX:SLB ASX:TVN 6.1% WO₃ Market Cap* ~$315 million ~$8 million ~$635 million MPL21_5
Slide 12: Transaction Summary
Ready to Unlock Critical Minerals Success Strategic scale potential Tungsten opportunity ASX:SLB Transaction Summary Offer Structure Initial Consideration W Critical minerals tailwinds Binding Sale and $80,000 in cash and issue INVESTOR PRESENTATION Purchase Agreement of 3 million SLB shares Low-cos
Slide 13: Work Program
Work Program ASX:SLB Deal Execution (done) Field Sampling Commencing in 2-3 weeks First Assay Results INVESTOR PRESENTATION ~3,000m RC drilling on 3 sections starting July/Aug 2026 Drill Approvals Testing grade, width & orientation of bedrock mineralisation. (underway) Phase 1 RC Drilling Phase 1 ~1
Slide 14: Investment Case Summary
ASX:SLB W Investment Commodity Timing SLB Excellent Asset Quality Immediate Value Creation Path Case ▸ Tungsten at INVESTOR PRESENTATION multi-year highs ▸ High-grade surface ▸ Field work starts in rock chips to coming weeks Investment ▸ Chinese export 6.1% WO₃ Thesis Summary restrictions driving ▸
Slide 15: Contact Us
Contact Us Stephen Biggins Executive Chairman info@stelarmetals.com.au 15