High Grade Tungsten and Silver at Scamander

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Stock Stellar Resources Ltd (SRZ.ASX)
Release Time 28 Apr 2026, 9:22 a.m.
Price Sensitive Yes
 High Grade Tungsten and Silver at Scamander
Key Points
  • Reconnaissance rock chip sampling returned high-grade tungsten, bismuth and silver results across multiple prospects
  • The Lutwyche prospect has returned high-grade tungsten and bismuth up to 6.91% WO3
  • At Scamander Bell, sampling has returned very high silver grades up to 2,730 g/t Ag
Full Summary

Stellar Resources Limited (ASX: SRZ) has reported results from 47 surface samples taken from the Lutwyche and Scamander Bell targets within the greater Scamander Critical Minerals Project in Eastern Tasmania. The results demonstrate the polymetallic nature and unexplored potential of the project. At the Lutwyche prospect, the sampling has returned high-grade tungsten and bismuth results, including 6.91% WO3, 4.28% WO3 and 4.22% WO3, as well as 0.2% Bi. This builds on previous drilling in the area that returned significant intercepts of 2.3m at 1.4% WO3 and 1.9m at 1.4% WO3. The Lutwyche and adjoining Carson De Beers prospects represent a ~1km tungsten zone that remains highly prospective and poorly tested. At the Scamander Bell target, the sampling has returned exceptional silver grades, with 10 of the 28 samples collected exceeding 100g/t Ag and 3 samples returning over 1,000g/t Ag, including 2,730g/t Ag. Gold is also elevated, with 7 samples grading >0.1g/t Au and 1 sample returning 1.4g/t Au. The results also show strongly anomalous lead and arsenic. Stellar is advancing the Scamander District project through cost-effective initiatives, including soil surveys, geophysics and scout drilling, while maintaining its primary focus on advancing the flagship Heemskirk Tin Project towards development.

Outlook

Stellar is currently designing a systematic critical minerals exploration program for the Scamander District, including soil surveys, geophysics and scout drilling, to follow up on these exciting early-stage results and further assess the polymetallic potential of the project.