Slide 1: Amendment to Investor Presentation September 2024
ASX Announcement | ASX: SRZ 13 September 2024 Amendment to Investor Presentation September 2024 Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company”) refers to the Investor Presentation lodged with the ASX on 6 September 2024. The Company has made the following amendments to the presentat
Slide 2: Australia's Next Tin Producer
Australia’s Next Tin Producer Critical Mineral essential for the electrification of the planet. Corporate Presentation September 2024 ASX:SRZ
Slide 3: 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 4: 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 5: Investment Summary
Investment Project to be supplied by Summary 100% Renewable Energy via 5 hydro power stations and Granville Harbour wind farm within 30km. 100% owned Heemskirk Tin Project, highest grade undeveloped tin project in Australia and third globally. Excellent location & infrastructure, granted ML’s, 100%
Slide 6: Corporate Snapshot
Corporate Snapshot $0.014 2,079m 323.5m Board SHARE PRICE SHARES ON ISSUE UNLISTED OPTIONS 4 September 2024 Simon Taylor EXECUTIVE CHAIRMAN | GEOLOGIST Resource executive with over 30 years' experience including technical, CEO and $12.3m $33.6m Board roles. Former Managing Director of Oklo Resources
Slide 7: Heemskirk Tin Project
Heemskirk Tin Project Strategically Located Stellar 100% Owned Tin Projects Heemskirk Tin Project Severn, Queen Hill, Montana & Oonah Tin Deposits & St Dizier Satellite Tin Project ✓ Secure Tenure – granted MLs over Heemskirk deposits, tailings pipeline, tailings storage and St Dizier Satellite Proj
Slide 8: Heemskirk Mineral Resource Estimate
Heemskirk Mineral Resource Estimate Sept 2023 Update Resource Tonnes Sn Contained Cassiterite % of Cu Pb Zn Classification Deposit Date (Mt) (%) Sn (t) Total Sn (%) (%) (%) (%) Upper Queen Hill 2023 0.37 1.07 3,991 88 0.14 1.84 0.72 Indicated Lower Queen Hill 2023 0.81 1.30 10,493 97 0.04 0.29 0.35
Slide 9: 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 Stellar Resources | Corporate Presentation | September 2024 and include higher grade zones Resource (Mil
Slide 10: Updated Scoping Study: Robust Economics
Updated Scoping Study Robust Economics Base Case (pre-tax) at US$28,000/t tin Conceptual Mine Plan 12 year 350Kt +22Kt Initial Average Annual LOM Tin in Mine Life Production Concentrate A$71m A$122m 33% Stellar Resources | Corporate Presentation | September 2024 Capex NPV8% IRR 97% US$18,260/t Total
Slide 11: Updated Scoping Study: Project Parameters
Updated Scoping Study Project Parameters Proposed Heemskirk Tin Processing Plant ✓ Underground mining of Queen Hill and Severn deposits for first 12 years ✓ On-site processing plant, tailings storage and surface infrastructure ✓ Tin concentrate trucked to Port of Burnie ROAD FROM DECLINE TO ROM ROM
Slide 12: Updated Scoping Study: Significant Additional Upside Potential
Updated Scoping Study Significant Additional Upside Potential Prefeasibility Study commenced – targeting 2H 2025 2023 Mineral Resource Utilisation - Several optimisations being evaluated including Mining Rate, Ore Sorting, Plant Size 7,500 Re-classification of large Inferred Mineral Resource Inferre
Slide 13: Ore Sorting, early PFS workstream
Ore Sorting, early PFS workstream Ore feed • Ability to remove low grade at 1.27% Sn material from Process Plant. 1 2 • Increases grade into plant, lowering cut-off grade. • Lower grades become economic-offsetting any ore losses. Stellar Resources | Corporate Presentation | September 2024 • Ore sort
Slide 14: Heemskirk Tin Project: Severn Deposit
Heemskirk Tin Project Severn Deposit • Severn is the largest deposit with a strike length of over 500m ZS162 and is open at depth and along strike. • Geophysics and detailed geological modelling underway to ZS148 assist in drill targeting to increase Indicated resource tonnes and new discoveries adj
Slide 15: 9,500m Drill Program Underway
9,500m Drill Program Underway Resource & PFS Work Programs Diamond Rig at Severn Deposit • Infill and extensional drill program commenced with two diamond drill rigs on site completing 24-holes for 9,500m. • Program designed to make Heemskirk development ready by providing critical inputs for the PF
Slide 16: Heemskirk Tin Project: Development Pathway
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 | September 2024 Reinitiate
Slide 17: Energy transition
Energy transition To drive tin demand exponentially Tin ranked as the No.1 metal best placed to Tin demand from the energy benefit from new technology. transition and increased Source: MIT; Rio Tinto, 2018; ITA electrification Currently ~50% of all tin is used as solder in electronics. Solder is the
Slide 18: Global Tin 2023: Supply Falling
Global Tin 2023 Tin Concentrate Production 2023 Refined Tin Production Supply Falling China Country China Production (t) 69,500 Country China Production (t) 177,000 Indonesia 59,573 Indonesia 68,710 Myanmar 39,900 Peru 25,287 Indonesia Peru 26,231 Malaysia 20,722 Brazil 21,793 Brazil 15,394 Myanmar
Slide 19: Extensive Deficits
Extensive Deficits Future Global Tin Market Forecast Consistent Shortfalls 10,000 Source: Macquarie Bank research | Reuters, February 2024 Tin Market is • Tin is expected to be in deficit for years expected to to come. Metric Tonnes of Refined Tin 8,000 7,000 swing to a 5,000 6,000 deficit in 2024 •
Slide 20: 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. 2024 Updated Scoping Study demonstrated robust Stellar Resources | Corporate Presentat
Slide 21: Contact Us
Contact Us Simon Taylor Executive Chairman E: simon@stellarresources.com.au M: +61 409 367 460 Jason Mack White Noise Communications E: jason@whitenoisecomms.com M: +61 410 611 709 ASX: SRZ
Slide 22: 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 23: Appendix – Heemskirk Tin Project Benchmarking Assumptions
Appendix 2 – Heemskirk Tin Project Benchmarking Assumptions As of 23 July 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 Tonnes S
Slide 24: Appendix – Tin a Critical Technology Metal
Appendix 3 – Tin a Critical Technology Metal Stellar Resources | Corporate Presentation | September 2024 Source: MIT; Rio TINTO, 2018; ITA ASX:SRZ | 23
Slide 25: North Scamander Project: High-Grade Discovery
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 26: North Scamander Project: High-Grade Discovery
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