Additional A$500,000 Placement to Advance Heemskirk

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Stock Stellar Resources Ltd (SRZ.ASX)
Release Time 13 Nov 2025, 9:51 a.m.
Price Sensitive Yes
 Additional A$500,000 Placement to Advance Heemskirk
Key Points
  • Stellar Resources completes additional A$500,000 placement
  • Funds to be used for development and exploration at Heemskirk Tin Project
  • Placement supported by strong investor appetite for tin exposure
Full Summary

Stellar Resources Limited (ASX: SRZ) has announced that the Board has approved an additional equity placement of A$500,000 to an existing Substantial Shareholder of the Company. The placement comprises 22,727,273 shares at an issue price of $0.022 per share. The additional placement was completed under the same terms as the A$9 million placement announced on 11 November 2025 and will be settled via the same single tranche within the Company's existing capacity under ASX Listing Rule 7.1. Stellar's cash position has been recently further boosted by the exercise of unlisted options raising $2.9 million, and combined with the Placement and the Additional Placement, the Company has successfully raised a total of $12.4 million in the past few months, supported by prevailing strong investor appetite for tin exposure. The placement proceeds will be targeted towards development and exploration costs at the Heemskirk Tin Project in Western Tasmania, general working capital, and the costs of the offer. Tin prices are currently trading around US$36,000/t, underpinned by strong electronics and renewable-energy demand and intensified by supply disruptions in key producing regions, reinforcing investor interest in new tin supply from conflict-free, tier-1 mining jurisdictions.