Stelar Metals Limited (ASX:SLB) Phase 1 Tungsten Fieldwork Completed at Hill of Leaders Project

About this update from Stelar Metals Limited

Adelaide, Australia, June 9, 2026 - (ABN Newswire) - Stelar Metals Limited (ASX:SLB) is pleased to advise that its Phase 1 field program has been successfully completed at the Hill of Leaders Tungsten Project (EL33232) in the Northern Territory, Australia. Highlights - Stelar Metals has successfully completed Phase 1 of its field program at the Hill of Leaders Tungsten Project- Rock chip and grab samples collected across the Hill of Leaders tungsten field have been dispatched to laboratory for assay - Program covered historic tungsten workings across the 2km+ mineralised corridor - Field update to be reported shortly with first assay results anticipated in late June 2026- Phase 1 Reverse Circulation (RC) drill planning remains on track to commence in July 2026- Previous rock chip sampling at Hill of Leaders returned exceptional surface grades including 6.1% WO3, 2.1% WO3 and 1.45% WO3 Stephen Biggins, Executive Chair, Stelar Metals Limited commented: "We are extremely pleased with the outcome of our first field program at Hill of Leaders. Our geological team systematically assessed the historic tungsten workings. With samples now on the way to the laboratory, we are building momentum towards our first tungsten drill program. "The coming weeks will be very exciting for Stelar shareholders as we announce our initial field report, receive the first assay results, and commence Phase 2 on the ground." Hill of Leaders Phase 1 Field Program The program was conducted by Stelar's geological team and has materially advanced the Company's geological understanding of the mineralised system and has identified compelling areas for follow up. Phase 1 comprised geological mapping and surface sampling across the extent of the Hill of Leaders tungsten field. Field activities included: - Geological mapping of the 2km+ mineralised corridor, covering the Hill of Leaders, Curtis, Doria, and North Curtis prospects - Examination of accessible historic tungsten workings, including shallow trenches and shafts from 1950s-era mining activity - Preliminary assessments of vein swarm geometry, alteration zones, and greisen distribution to refine structural controls on mineralisation - UV lamp scanning for scheelite identification across prospective zones - Collection of rock chip and grab samples from mineralised outcrops, vein exposures and historic workings Rock chip and grab samples...

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