EL Application Accepted Adjacent Renison Tin Mine
| Stock | Stellar Resources Ltd (SRZ.ASX) |
|---|---|
| Release Time | 16 Apr 2025, 9:03 a.m. |
| Price Sensitive | Yes |
Stellar Expands Footprint in Tasmanian Tin Belt
- Stellar's application for highly prospective Exploration Licence adjacent to Renison Tin Mine accepted
- Ringville licence covers interpreted continuation of key mineralised structures at Renison
- Ringville adds to Stellar's East Renison Project, complementing advanced Heemskirk Tin Project
Stellar Resources Limited (ASX: SRZ) has announced that its 100% owned subsidiary Columbus Metals Pty Ltd has had its application for the highly prospective Exploration Licence EL9/2025, known as Ringville, accepted. The Ringville licence adjoins the operating Renison Tin Mine, Australia's largest producing tin mine, located near the town of Zeehan on the west coast of Tasmania. EL9/2025 together with Stellar's existing Concert Creek EL29/2022 will make up the Company's East Renison Project, covering a total area of 35 km2. Geologically, the East Renison Project area comprises strongly foliated Precambrian sandstones and shales, overlain by a package of dolomites, conglomerates, dolomitic siltstones, slates and sandstones considered equivalents to the Success Creek Group that hosts mineralisation at Renison. Modelling indicates the prospective Pine Hill Granite at depth, which is considered an ideal target for sulphide-hosted tin systems. Historical drilling at the Godkin Prospect within the Ringville licence area has returned high-grade tin intersections, including 1.5 metres at 6.9% Sn and 3.0 metres at 1.5% Sn. Recent rock chip sampling by Stellar on the adjacent Concert Creek licence has also identified high-grade antimony, copper, zinc, lead, bismuth and silver mineralisation. The Ringville licence application will now undergo the standard permitting process before being granted to Stellar, at which point it will be combined with Concert Creek to form the East Renison Project.
Stellar remains focused on advancing its nearby Heemskirk Tin Project, where it is working to deliver an updated Mineral Resource and Prefeasibility Study in the second half of 2025. The addition of the East Renison Project complements Stellar's development pipeline as it aims to become a global top 10 tin producer.