• Stellar Resources raises $22.1M via a placement
• Includes a $17M strategic placement to Metals X
• Funds will advance the Heemskirk Tin Project

Stellar Resources Limited (ASX: SRZ) has received firm commitments to raise a total of $22.1 million (before costs) via a Placement at $0.033 (3.3 cents) per share. The total raise includes a previously announced $17 million Strategic Placement to Metals X Ltd (ASX:MLX) and an additional capital raising of $5.1 million, all within the Company's existing placement capacity. The Placement was strongly supported by existing and new institutional and professional investors, with total bids for the additional capital raising significantly exceeding the original $5.1 million sought. Following completion, Stellar will have a pro-forma cash position of $33 million to advance the Heemskirk Tin Project towards development, including finalizing the Prefeasibility Study (PFS) due in Q3 2026 and completing a Definitive Feasibility Study (DFS), exploration on the Company's nearby East Renison and Granite Tor tin projects, as well as general working capital. Stellar's Managing Director, Mr Simon Taylor, commented that the overwhelming response to the capital raising and the $17 million cornerstone investment from Metals X is a major validation of the Heemskirk Tin Project and its potential to become a significant new tin operation.

With a robust pro-forma cash balance of $33 million, Stellar is now in a very strong position to advance Heemskirk through the upcoming Prefeasibility Study in Q3 2026 and into the Definitive Feasibility Study. This is a transformative milestone for Stellar as it embarks on an exciting next phase of growth.