• MOU extended for 6 months over Comstock site adjacent to Heemskirk Tin Project
• Comstock being considered as one of several options to utilize existing infrastructure
• Heemskirk to be underground operation with small surface footprint, using renewable grid power

Stellar Resources Limited (ASX: SRZ) has signed a six-month extension to the Memorandum of Understanding (MOU) with Australian Hualong Pty Ltd, a private company with several Retention and Exploration Licences located to the south and adjoining Stellar's Heemskirk Tin Project, near Zeehan on the west coast of Tasmania. The MOU area of investigation, the Comstock Plant site and surrounds, is 4km from Heemskirk and contains tailings storage facilities (TSF), a water supply, grid power, a waste rock dump, a ROM pad, level plant site and other office and plant facilities. Stellar is well advanced with its Heemskirk Prefeasibility Study (PFS) exploring several options to bring the Project into development, including building a standalone project, using existing infrastructure in the region including toll treating, or a combination of both. The 2024 Scoping Study evaluated the Project as an underground operation with a small surface footprint, utilizing Tasmania's renewable grid power, and the Company is investigating options to incorporate existing regional infrastructure where practical. Accordingly, Stellar has engaged several consultants, including local engineering groups, to evaluate the most suitable TSF facility for the Project with Comstock being evaluated against the current proposed site and other nearby locations in the region.