Company
ASX:SRZ
Stellar Resources is an ASX listed company focused on developing its world class Heemskirk Tin Project in the stable tier-1 mining friendly jurisdiction of Western Tasmania. Prefeasibility Study activities are underway with an output aiming to rank Heemskirk as a top 10 global tin producer.
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The new Heemskirk Tin Project total resource continues to rank as the highest-grade undeveloped tin project in Australia and the third highest-grade globally of peer company projects.
Exploration Licence EL3/2022 covers a combined 97 square kilometres in the Mt Paris and Scamander North areas.
“The program will focus on high grade-thickness zones identified in our recently completed Phase 2A program,” said executive director Gary Fietz.
The company received valid applications for 39,433,282 SPP shares at $0.015 per share for a total of $591,500 with directors subscribing for shares valued at $75,000 representing 13% of the total.
Funds raised will be used for the planned Phase 2B drilling program and other development activities at the company's flagship Heemskirk Tin Project, to advance the North East Tasmania Gold and Base Metals Exploration Project, and for gener
The company has been awarded three out of a total of 17 EDGI Round 7 grants recently awarded by the Tasmanian Government, the equal highest number of Round 7 grants awarded to any company.
The new holes returned significantly thicker intersections than the current mineral resource model indicates.
Anomalous gold soil results have been returned from the Leura and Back Creek prospects in a historic mining area.
