Widespread High-Grade Tungsten Discovered at Hill of Leaders

• Multiple rock chip samples exceed 1% WO3
• Scheelite and wolframite tungsten mineralisation widespread
• Molybdenum, bismuth, and copper also present
• Company to fast-track exploration and drilling
• Experienced leadership with a track record in Northern Territory

Stelar Metals Limited (ASX: SLB) has announced significant tungsten assay results from its exploration program at the Hill of Leaders Project in the Northern Territory. The maiden surface rock chip sampling program returned multiple high-grade tungsten assays exceeding 1% WO3, with scheelite and wolframite tungsten mineralisation found across a broad footprint, indicating a widespread system of scale. Results significantly exceed typical economic cut-off grades for tungsten deposits, positioning Hill of Leaders as a compelling early-stage tungsten discovery. Elevated molybdenum averaging 0.026% Mo, bismuth up to 0.4%, and copper assays up to 6% Cu were also recorded. Mineralisation remains open in multiple directions, with strong potential to extend the footprint through follow-up mapping, sampling, geophysics, and drilling. The company is fast-tracking planning and preparation for a maiden Reverse Circulation (RC) drilling program to test continuity and grade at depth. Stelar's new tungsten discovery adds to a rapidly strengthening Northern Territory tungsten province, at a time of structural global supply tightness driven by Chinese export restrictions and Western efforts to secure critical minerals supply chains.

Stelar Metals is fast-tracking exploration and drilling to unlock the potential of the Hill of Leaders tungsten discovery, aiming to confirm and extend the mineralised footprint.