Slide 1: Heemskirk Tin Project
For personal use only STELLAR RESOURCES LIMITED Heemskirk Tin Project March 2011 CEO Peter Blight
Slide 2: Corporate
Corporate For personal use only ASX Code: SRZ (listed in April, 2005) Shares on issue: 108.8M Share price: 18c (12 month range: 4-24 c) Market capitalisation: $20M Cash: $3.7M (Dec 10) Investment: $1.5M (USA shareholding) Ownership structure: Top 20 - 31% Board/Management - 5% Private investors - 95
Slide 3: Focused on tin
Focused on tin For personal use only Advanced key project Heemskirk Tin near Zeehan, Tasmania Building high grade tin development in established mining region Scoping study on the way Other projects advancing: Development partner sought for South Australian iron ore Pirie Basin Uranium exploration j
Slide 4: Strong tin market
Strong tin market For personal use only 30,000 35,000 Tonnes US$/tonne 25,000 30,000 25,000 20,000 20,000 15,000 15,000 10,000 rising price 10,000 LME Stocks trend continues 5,000 5,000 LME Price Source: UBS - - 10 9 11 9 12 9 01 9 02 0 03 0 /0 10 /0 10 /0 10 /0 10 /0 10 /0 10 /1 10 /1 10 /1 10 /0 1
Slide 5: Growth dominated by solder
Growth dominated by solder For personal use only Source: ITRI Tin recycling is becoming more important, particularly in China, but still only represents 16% of global demand 5
Slide 6: Why is tin solder important?
Why is tin solder important? For personal use only Tin solder preferred by electronics industry: Meets legal requirement for lead free solder Non-toxic in manufacturing environment Better performance than other low melting point alloys Allows more efficient use & smaller circuit boards Design costs
Slide 7: Where is tin mined?
Where is tin mined? For personal use only China 110kt Indonesia Peru Brazil 60kt 38kt 12kt Bolivia Australia 16kt 5kt Stellar Project 7
Slide 8: Stellar well placed
Stellar well placed For personal use only China became a net importer of tin in 2008 China’s imports of tin concentrate now rising much faster than tin metal Stellar well placed for fast growing Chinese market 8
Slide 9: Great location - multiple deposits
Great location - multiple deposits For personal use only 60% owned Heemskirk plus 100% owned St Dizier tin deposits Significant mining district Easy access to water & power Sealed road between both deposits Rail & road connect to Burnie port 18 km from Renison tin concentrator Yunnan Tin Group buyin
Slide 10: Stellar (60%) / Gippsland JV Area map
Stellar (60%)/ Gippsland JV Area Stellar EL Area Mining Lease: Other Company @ Tindeposit © Tin prospect os acontra: {Sn) YBig H(Sn} ue: Mt Heemskirk Montana (Sn eu aae Hill sn).\
Slide 11: High Grade Resource
High Grade Resource For personal use only Heemskirk Mineral Resource 4.4mt grading 1.1% tin 49kt of contained tin in 3 nearby deposits Queen Hill, 1.6Mt @1.2% tin as indicated resource All deposits open at depth Highest grade tin project with JORC resource Heemskirk Mineral Resource Deposit Indicate
Slide 12: High grade resource
High grade resource For personal use only 12
Slide 13: Excellent exploration potential
Excellent exploration potential For personal use only 13
Slide 14: Positive Metallurgy
Positive Metallurgy For personal use only Traditional high-sulphide tin ore processing circuit proposed – comparable with Renison Bell circuit Tin present as cassiterite rather than more difficult to treat stannite Good liberation characteristics down to finer fraction Mineral characterization shows
Slide 15: Metallurgy flow chart
Metallurgy flow chart For personal use only 15
Slide 16: Unlocking value: Rapid Development Timeline
Unlocking value For personal use only Rapid Development Timeline August 2010 Queen Hill Resource Drilling (complete – positive results) December 2010 Assay Results & Metallurgical Testwork March 2011 JORC Resource established March 2011 Drilling Re-commences at Queen Hill March 2011 Scoping Study Un
Slide 17: How does Stellar compare?
How does Stellar compare? For personal use only Advanced project Highest grade tin project with JORC resource Metallurgical myths busted – testing on-going Excellent exploration potential around known deposits Project located near mining infrastructure Well positioned to smelters in SE Asia & China
Slide 18: What does Stellar offer?
What does Stellar offer? For personal use only Tin exposure – LME metal with best supply & demand position JORC compliant tin resource of 49,000 tonnes of contained tin Continued drilling to upgrade & expand resource estimate Scoping Study to define project economics by June 2011 18
Slide 19: Low Cost Opportunity
Low Cost Opportunity For personal use only $ Capitalisation per Tonne Tin in Resources 3500 3000 2500 2000 1500 1000 500 0 SRZ CSD KAS VMS MLX Source: broker research Opportunity for re-rating & share price upside 19
Slide 20: 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 21: Stellar Resources Limited
Stellar Resources Limited Level 7 Exchange Tower, For personal use only 530 Lt. Collins Street Melbourne VIC 3000 Phone +61 3 9909 7618 Fax +61 3 9909 7621 www.stellarresources.com.au