• Prefeasibility Study activities underway following robust updated Scoping Study
• Drilling program returns record high-grade tin intersection at Severn deposit
• Memorandum of Understanding signed on existing Comstock mine infrastructure

Stellar Resources Limited (ASX: SRZ) has provided its quarterly activities report for the period ended 31 December 2024, with key achievements centered around Prefeasibility Study activities aimed at advancing the Heemskirk Tin Project towards development ready status. The updated Scoping Study completed in the previous quarter demonstrated the robust base case economics of the project, supporting the decision to initiate the Prefeasibility Study. The company has made excellent progress on multiple fronts, including the potential for resource category conversion shown from the ongoing infill and extensional drill program. This has returned significantly higher grade and thicknesses than predicted by the current Mineral Resource model, including the drilling of the best intercept on record on a grade by thickness basis at the Severn deposit. The company has also signed a Memorandum of Understanding on existing Comstock mine infrastructure located adjacent to the Heemskirk Tin Project, which contains valuable assets such as tailings storage facilities, water supply, grid power, and other facilities. The Prefeasibility Study will investigate increased mining rates, optimising plant size and capacity, incorporating ore sorting, and the application of mining paste/fill as an alternate to tails deposition.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The company has not provided any specific forward-looking outlook statements in the announcement.