Stellar Resources June 2026 Quarterly Activities Report
Key points
- 64% increase in Mineral Resource at Severn to 8.54Mt @ 0.82% Sn
- Total Mineral Resource for Heemskirk Tin Project increased to 13.36Mt @ 0.86% Sn
- Prefeasibility Study (PFS) nearing completion, expected in Q3 2026
- Secured Ringville Exploration Licence adjacent to Renison Tin Mine
- Completed $22.1 million Placement, including $17 million from Metals X Limited
Full summary
Stellar Resources Limited presented its quarterly activities report for the period ended 30 June 2026, highlighting key achievements in Mineral Resource Estimate (MRE) upgrades and Prefeasibility Study (PFS) activities for the Heemskirk Tin Project. The Severn deposit saw a 64% increase in Total Mineral Resource to 8.54Mt @ 0.82% Sn, with a 125% increase in Indicated Resource. The Heemskirk Tin Project now has a Total Mineral Resource of 13.36Mt @ 0.86% Sn, totaling 115.3kt of contained tin. The PFS is expected to be completed in Q3 2026. Stellar also secured the Ringville Exploration Licence adjacent to the Renison Tin Mine and completed a $22.1 million Placement, including $17 million from Metals X Limited. The company held a strong cash position of $30.1 million at the end of the quarter.
Outlook
Stellar Resources is advancing towards development readiness for the Heemskirk Tin Project, with the Prefeasibility Study expected in Q3 2026.
Summary generated by a large language model. Please interpret with care.