• Stellar Resources raises A$9 million via a placement at $0.022 per share
• Funds to be used for development study costs at the Heemskirk Tin Project and exploration at East Renison
• Stellar's cash position further boosted by recent option exercises, totaling A$11.9 million raised in recent months

Stellar Resources Limited (ASX: SRZ) has received firm commitments to raise A$9 million via a placement of approximately 409 million shares at $0.022 per share. The placement was strongly supported by both existing and new institutional and sophisticated investors. The funds raised, along with recent option exercises that raised an additional A$2.9 million, will be used to advance the development of the company's flagship Heemskirk Tin Project in western Tasmania, as well as exploration costs at the highly prospective East Renison Project. Stellar's Managing Director, Simon Taylor, commented that the strong investor interest reflects growing recognition of Heemskirk's potential as a high-quality, conflict-free tin project in a Tier-1 jurisdiction, at a time of robust tin prices and tightening global supply. The placement proceeds will be targeted towards development study costs at Heemskirk, which continues to rank as the highest-grade undeveloped tin resource in Australia and the third highest globally. Funds will also be allocated to due diligence on surrounding infrastructure options close to Heemskirk and exploration costs at East Renison. The successful capital raising, combined with the recent option exercises, has strengthened Stellar's balance sheet and positioned the company to advance Heemskirk towards development, with the aim of becoming a global top 10 tin producer.

Stellar Resources is focused on advancing the development of its flagship Heemskirk Tin Project in Tasmania, with the aim of becoming a global top 10 tin producer. The company is evaluating potential project optimizations that could enable a boost in tin output from the previous 2024 Scoping Study, including resource and exploration drilling to increase confidence and upgrade resource classifications, as well as ore sorting test work to increase ore feed grade and tin recoveries.