Stellar Resources (ASX: SRZ) is looking to cash in on the near record tin prices of around US$30,000 a tonne, with a program to upgrade and expand the world class Heemskirk Tin project in Tasmania.
Heemskirk already has a JORC Resource of; 4.4 million tonnes at 1.1% tin for 49,000 tonnes of contained tin.
Stellar will target near surface extensions at the Queen Hill, Montana and Severn deposits, while also evaluating down-dip extensions.
Exploration will also be conducted at the prospective Severn Fault prospect.
Heemskirk is strategically located near Zeehan on Tasmania’s West Coast in an area well serviced by power, water, transport, mining and other infrastructure.
Stellar holds a 60% interest in the project with joint venture partner, Gippsland (ASX: GIP), and can increase its holding to 70% by completing a Feasibility Study.