Stellar Resources Ltd (ASX:SRZ, OTC:SLROF) executive chairman Simon Taylor joins Proactive’s Jonathan Jackson to discuss a significant infill and extensional diamond drilling program at the Heemskirk Tin Project in Western Tasmania.
This initiative involves two drill rigs, the first of which is already on-site, as part of a 24-hole, 9,500-metre drilling plan aimed at advancing the pre-feasibility study (PFS). Drilling will target the Severn and Queen Hill deposits to upgrade additional resources to the indicated category, extend mineralisation and obtain samples for metallurgical test-work. It also aims to provide geotechnical and hydrological data and support down-hole electromagnetic surveys to identify further extension targets.
Taylor described this phase as pivotal for the company, emphasising the program’s role in preparing Heemskirk for development. The drilling will contribute to upgrading inferred resources to the indicated category, particularly at Queen Hill, and test promising targets to expand high-grade zones.
Concurrently, Stellar Resources is updating the 2019 Scoping Study with the 2023 mineral resource estimate of 7.48 million tonnes at 1.04% tin. This updated scoping study is expected to be released within the quarter. The company is also focusing on developing mine design through detailed assessments of ore sorting, processing characteristics and tailings storage, facilitated by the new drilling data.