• Drillhole ZQ176 intersected a new zone of high-grade tin mineralisation 75m below the existing 2023 Mineral Resource Estimate
• Mineralisation shows visible coarse cassiterite
• The new zone is along trend from a DHEM conductor previously identified

Stellar Resources Limited (ASX: SRZ) has reported further drilling results from the Queen Hill deposit at its Heemskirk Tin Project in Western Tasmania. Drillhole ZQ176 has intersected a new zone of high-grade tin mineralisation 75 metres below the existing 2023 Mineral Resource Estimate (MRE), returning 11.0m @ 1.07% Sn including 4.0m @ 1.71% Sn. The mineralisation within this new zone shows visible coarse cassiterite. Significantly, the intersection is along trend from the Down Hole Electromagnetic (DHEM) conductor previously identified from surveying in hole ZQ173. Hole ZQ180 is currently being drilled to test the interpreted DHEM conductor. The new high-grade zone, along with success from the DHEM surveying, supports the potential for expansion of the existing Heemskirk tin system. Hole ZQ174, drilled on an adjacent section to ZQ176, intersected 8.2m @1.62% Sn including 2.4m @2.69% Sn from 170.5m, in line with the modelled lodes in the Resource model at this depth. The drilling program is designed to advance Heemskirk to development ready status by providing key technical inputs for the Prefeasibility Study, while also aiming for mineral resource expansion by providing DHEM platforms to support further exploration drilling.

Stellar aims to become a producer of 3,000 to 3,500 tpa of payable tin over the first 6 to 10 years of production at Heemskirk. The PFS studies are highly focused on advancing towards this goal by improving upon the base case scoping study of 1,900 tpa over a 12-year mine life.