Stellar Resources (ASX: SRZ) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.
Stellar requested the halt to finalise a placement.
The company is focused on the wholly-owned Heemskirk tin project in Tasmania, along with the nearby St Dizier tin deposit.
Heemskirk is the highest grade undeveloped ASX listed tin resource, with positive metrics including a competitive mine gate cost of US$14,389/t from the Pre-Feasibility Study.
Adding value to Steller, Heemskirk can get much bigger with discoveries at depth, and the best analogy for Heemskirk is Rension Bell - located 18 kilometres to the northeast.
The halt will remain in place until the opening of trade on Friday 17th January 2014, or earlier if an announcement is made to the market.
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