• Drillholes ZQ181 and ZQ169 intersected high-grade tin mineralisation at the northern extent of the 2023 Mineral Resource Estimate
• Results support potential for continuation of the Heemskirk tin system and conversion from Inferred to Indicated material
• Hole ZQ178 returned additional high-grade tin intercepts in the central part of Queen Hill

Stellar Resources has reported additional high-grade tin intercepts from the Queen Hill deposit at its Heemskirk Tin Project in Western Tasmania. Drillholes ZQ181 and ZQ169, drilled 40m apart down dip, successfully intersected significant high-grade tin mineralisation within a previously estimated lower grade area of the resource model. Key results include 8.0m @ 1.42% Sn from 341m in ZQ181, including 3.45m @ 2.68% Sn, and 5.3m @ 1.85% Sn from 307.61m in ZQ169. These results support the potential for continuation of the Heemskirk tin system and importantly, conversion from Inferred to Indicated material in the upcoming Mineral Resource Estimate (MRE) update. Drillhole ZQ178, located in the central part of Queen Hill, also returned high-grade intercepts of 1.85m @ 1.77% Sn and 5.85m @ 1.09% Sn. 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.

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 Prefeasibility studies are focused on advancing towards this goal by improving upon the base case scoping study of 1,900 tpa over a 12-year mine life.