SLB.ASX: Additional Tungsten Discovered at Hill of Leaders Project

Additional Tungsten Discovered at Hill of Leaders Project

Stock	Stelar Metals Ltd (SLB.ASX)
Release Time	2 Jul 2026, 9:55 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Stelar Metals Discovers Additional Tungsten at Hill of Leaders

Key Points

Stelar's Phase 2 field program found more tungsten mineralization
Multiple quartz veins with substantial wolframite and scheelite
Previous rock chip sampling showed high tungsten grades
Phase 1 lab assay results expected soon
RC drilling to start in late July 2026

Full Summary

Stelar Metals Limited (ASX: SLB) has announced the discovery of additional tungsten mineralization at the Hill of Leaders Tungsten Project in the Northern Territory. The second phase of field exploration identified multiple subparallel and stacked quartz veins, extending over widths of approximately 200 meters and a length of 2 kilometers, hosting substantial amounts of wolframite and scheelite. The mineralization is hosted within the Hill of Leaders Granite and adjacent alteration zones. Previous rock chip sampling returned exceptional surface grades, including 6.1% WO3, 2.1% WO3, and 1.45% WO3. Phase 1 laboratory assay results are anticipated shortly, with Phase 2 assays expected in the coming weeks. Reverse Circulation (RC) drilling is scheduled to commence in late July 2026, followed by Phase 1 Diamond Drilling in Q3 2026 and further RC/Diamond Drilling in Q4 2026.