• Stellar to acquire 100% of the Granite Tor Project, highly prospective for Tin and REEs
• Granite Tor hosts continuation of geology that hosts Renison Tin Mine and Stellar's Heemskirk Project
• Stream sediment sampling returned up to 8.1% Sn and soil sampling delineated a 4km long >100 ppm Sn anomaly

Stellar Resources Limited (ASX: SRZ) is pleased to announce that it has entered into a Term Sheet to acquire EL6/2023 (Granite Tor) covering an area of 122km2. The Granite Tor licence is located to the east of the Mt Read Volcanic complex and covers the recurrence of the Proterozoic basement and Devonian granites that host the Renison Tin mine and the Heemskirk Tin Project. Geologically, the Granite Tor Licence area consists of metamorphosed Precambrian sandstones and shales of the Tyennan Group which have been intruded by the Devonian Granite Tor pluton. This geologic setting, in basement rocks on the eastern side of the Dundas Trough and Mount Read Volcanics, reflects the mirror image of that observed for many of the major tin deposits on the western side of the basin and is therefore considered a highly prospective and under explored part of a world-class tin belt. Historic work completed by Alcoa in the early 1980's included stream water, heavy mineral stream sediments and soil sampling. Results of this work show high levels of skarn-style indicator minerals as well as cassiterite, with petrographic work documenting the presence of coarse Wolframite. This is supported by strong tin and tungsten values in the stream geochemistry, shedding from an area of exposed granite, east of the graben, thought to be an exposed section of the cupola or roof zone. Analysis of stream sediment heavy mineral separates returned up to 8.1% Sn, 7.6% Sn, 4.1% Sn and 3.2% Sn. Results from soil sampling delineated a four kilometre long > 100ppm Sn anomaly that remains untested by drilling. The heavy mineral stream sediments also returned spatially coherent, strong multipoint REE values, highlighting an additional area for priority follow up field work this field season. These results including Cerium values up to 9.6% Ce and 6.4% Ce.

On the successful transfer of the Exploration Licence the Company will undertake soil and stream sampling programs to verify and confirm the historic exploration as well as infill anomalous areas to help define targets for further exploration via geophysical methods to help prioritise and target future drilling.