Successful Placement to Fund Hill of Leaders Project

• Stelar Metals raises A$2.6M through share placement
• Funds to support Hill of Leaders Tungsten Project
• Maiden drill program to test mineralized veins in August
• Global demand for tungsten drives exploration efforts

Stelar Metals Limited (ASX:SLB) has successfully completed a share placement raising approximately A$2.6 million before costs, with 13,141,421 shares issued at $0.20 each. The funds will support field activities, drilling, and working capital for the Hill of Leaders Tungsten Project in the Northern Territory. Rig mobilization is scheduled for August 2026, with a maiden drill program planned to test the mineralized surface veins. The placement reflects market interest in the project amid global demand for tungsten.

Stelar Metals aims to raise approximately A$2.6 million through the placement.

Stelar Metals plans to commence drilling at the Hill of Leaders Tungsten Project in August 2026, aiming to test the mineralized veins for the first time.