Stellar Resources Limited · ASX:SRZ
Stellar Resources — Proactive Investors Emerging Stars in Resources 2010 Series
23 slides from Stellar Resources's conference presentation, Apr 22, 2010
Slide 1: ASX Release: Stellar Resources Limited Presentation
22 April 2010 For personal use only ASX RELEASE Stellar Resources Limited Presentation Adding Value through Resource Development Stellar‘s Chief Executive Officer, Mr Peter Blight, provided the attached presentation “Adding Value through Resource Development” to the Proactive Investors “Emerging Sta
Slide 2: Adding Value Through Resource Development
For personal use only STELLAR RESOURCES LIMITED Adding Value Through Resource Development April 2010
Slide 3: Forward Looking Statement
For personal use only Forward Looking Statement This presentation contains only a brief overview of Stellar Resources Limited (“Stellar") and its activities and operations. The contents of this presentation, including matters relating to the geology of Stellar’s projects, may rely on various assumpt
Slide 4: Profile
For personal use only Profile Exploration & development company Experienced & successful management team Asset base centred in South Australia & Tasmania Key deposits: Magnetite iron ore in South Australia High‐grade tin in Tasmania Exploration potential: Uranium in South Australia
Slide 5: Financials
For personal use only Financials ASX Code: SRZ (listed in April, 2005) Shares on issue: 94.8M Share price: 8 c (12 month range: 4‐13 cents) Market capitalisation: $7.6M Cash: $2.5M (Dec 09) Ownership structure: Top 20 32% 100% private investors Board/Management 5% USA shareholding $1.2M
Slide 6: Tarcoola Iron Ore
For personal use only Tarcoola Iron Ore 100% owned by Stellar Large Coolybring magnetite deposit – 700Mt target Target upside from Hicks Hill 10km from Trans‐Australian Railway Closest of central SA iron ore projects to rail &port Outside of Woomera Prohibited Area Located in very supp
Slide 7: Magnetic Overview
For personal use only 6 Magnetic Overview
Slide 8: Project concepts checked by independent experts
Project concepts checked by independent experts For personal use only Hellman & Schofield Pty Ltd 7
Slide 9: Coolybring Progress
For personal use only Coolybring Progress Exploration target of 700 Mt – work program to drill inferred resource identified Conceptual pit design for Coolybring Metallurgical testwork shows standard blast furnace concentrate can be produced Groundwater resources should be adequate Simulati
Slide 10: The Next Steps
For personal use only The Next Steps Expand exploration target by initial drilling at Hicks Hill Drilling to determine inferred resource at Coolybring Outcome: ‐ re‐rating of Stellar against its SA peer group ‐ potentially attract a joint venture partner South Australian Magnetite – Hematite D
Slide 11: Iron Ore Value
For personal use only Iron Ore Value Iron Road useful comparison for Stellar’s Tarcoola Iron Ore Project as also 100% magnetite Capitalisation of Iron Road $88M or 5 cents/tonne assuming target of 1750Mt Stellar’s exploration target 700Mt at Coolybring Applying 5 cents to Stellar’s target es
Slide 12: Heemskirk Tin Project
For personal use only Heemskirk Tin Project 60% owned Heemskirk plus 100% owned St Dizier Tin Deposit Largest undeveloped high grade tin resource in Australia Next to well established infrastructure Tin concentrator 18km at Renison Yunnan Tin Group buying into area No serious project rev
Slide 13: High grade potential
For personal use only High grade potential Focus on near-surface high grade at Queen Hill 50% of tonnage contains 87% tin 12
Slide 14: Deeper Drilling to Expand Resource Base
Deeper Drilling to Expand Resource Base For personal use only 13 Only drilled to depth of 400m
Slide 15: Unlocking Value in Tin
For personal use only Unlocking Value in Tin Work Program 1. Assess potential for near‐surface high‐grade at Queen Hill 2. Deeper drilling to substantially increase resource Value Yunnan Tin transaction in 2010 values undeveloped resources at $300/tonne of contained tin Stellar’s 60% interest in Hee
Slide 16: Uranium: Pirie Basin - Exciting Target
For personal use only Uranium: Pirie Basin - Exciting Target Pirie Basin new sedimentary uranium province in South Australia Stellar well represented with ELs 4242 and 3978 UraniumSA to drill EL 4242 in May to earn 73%JV interest Several companies approached Stellar to JV EL 3978 15
Slide 17: Uranium targeted with EM
For personal use only Uranium targeted with EM UraniumSA demonstrated success of EM targeting with discoveries at Blackbush, Samphire and Plumbush 16
Slide 18: EL 3978 highly prospective
For personal use only EL 3978 highly prospective 100% owned by Stellar EM on EL 3978 identified 35km zone of interest Uranium source rocks occur in blue area Limited historic drilling shows the right stratigraphy Excellent potential for discoveries in southern Pirie Basin 17
Slide 19: Advancing Pirie Basin Uranium
For personal use only Advancing Pirie Basin Uranium Aim to define high grade sedimentary uranium with initial target of 5,000 tonnes of contained U3O8 UraniumSA capitalisation of $30 million values Stellar’s 4.1% shareholding at $1.2 million or 1.3 cents per Stellar share Extension of Plumbush
Slide 20: Stellar's strategy
For personal use only Stellar’s strategy Iron Ore 1. Expand iron ore exploration target 2. Drill‐up inferred iron ore resource 3. Advance development case Tin 1. Confirm near‐surface high grade & test metallurgy 2. Look at low cost development option Uranium 1. Confirm uranium mineralisation in Piri
Slide 21: Undervalued
For personal use only Undervalued Stellar undervalued compared to market values for similar assets Sum of parts values Stellar at $45 to $74 million compared to market capitalisation of $7.6M Still no Hicks Hill, St Dizier or Exploration in valuation Drilling to commence in April & continue
Slide 22: Competent Person Statements
For personal use only Competent Person Statements The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr C.G. Anderson (Fellow of the Australasian Institute of Mining and Metallurgy) who is a Director of the Company. Mr An
Slide 23: Stellar Resources Limited
Stellar Resources Limited Level 7 Exchange Tower, 530 Lt. Collins Street For personal use only Melbourne VIC 3000 Phone +61 3 9909 7618 Fax +61 3 9909 7621 www.stellarresources.com.au
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