Stellar Resources

Via Stockhead Why Shaw & Partners thinks tin is a commodity to watch for ASX investors. Kormendy and the Shaw’s team say Stellar Resources ‘principal competitive advantage’ is its ‘unrivalled’ high-grade resource base. Stellar’s Heemskirk is regarded as the highest grade undeveloped tin deposit in Australia and third highest grade globally. Shaws sees Stellar producing first ore from Heemskirk in 2029, with output projected to lift to 1993tpa at an average cost of US$21,000/t in 2031, generating a cash margin on Shaw’s forecast prices of US$31,398/t. Continue reading: https://loom.ly/1CE3glE #StellarResources #ASX #tin

Shaw and Partners Financial Services initiate coverage of Stellar Resources with a Buy recommendation and $0.66 price target. Shaw and Partners comment: "Stellar is an Australian mineral development company advancing its 100%-owned Heemskirk #Tin Project in Western Tasmania, positioning itself around Australia’s highest-grade undeveloped tin deposit. Backed by a strong cash position, granted mining tenure in a Tier-1 jurisdiction, and major polymetallic exploration upside including Silver and Tungsten at Scamander, Stellar offers high-leverage exposure to a structurally supply-constrained global tin market." Read the Report: https://loom.ly/4GRTywk #ASX #SRZ

Bridge Street Capital Partners. prepared a research report on Stellar Resources. Bridge Street explains: "We believe SRZ has a number of development options for the #Heemskirk project: • Development of the mine with a standalone milling facility at Zeehan producing +4Ktpa payable tin. This is likely to be the base case for the forthcoming PFS. • The acquisition of the nearby Avebury nickel plant (currently on care and maintenance, just 10km by road from Heemskirk). Negotiations are underway with current owners. This could be a more capital efficient option for SRZ but will require detailed evaluation of modifications required for the concentrator. As well as lower capex, Avebury could offer a shorter timeframe to market. • Take-over target by MLX or milling through the Renison facility? 50% owner of the Renison Mine, Metals X Ltd (ASX MLX), has recently emerged as a 16% shareholder in SRZ. SRZ is now clearly a takeover target, a part of what we assume is MLX’s “tin roll-up strategy”. Or are toll milling/ore sales options available at Renison? Both are possible." Read report: https://loom.ly/4GRTywk #StellarResources #SRZ #Tin #ASX

#ASXNews TMEC Conference Presentation Hobart Stellar Resources is pleased to share its company presentation to be delivered by Executive Director Andrew Boyd at the Tasmanian Minerals, Manufacturing & Energy Council (TMEC) Conference in Hobart. View presentation: https://loom.ly/HWfwCiU #StellarResources #SRZ #ASX #Tin

East Coast Research prepared a research report on Stellar Resources with a revised Target Share Price of $1.07. East Coast Research explains: "We are revising our target price for Stellar Resources (ASX: SRZ) upwards to $1.07, implying a compelling 245% total upside from the current $0.31 share price and marking an uplift from our Update report from September 2025. "Our valuation reflects the material progress achieved across the Heemskirk Tin Project, particularly the updated MRE, stronger tin price environment, and improved funding position following the Metals X-backed capital raising. The latest resource update represents a key de-risking milestone by materially strengthening the project’s scale and providing a larger, higher-confidence platform for the upcoming PFS. "Stellar has also advanced several important workstreams, including Severn and Queen Hill metallurgical optimisation, Comstock and Avebury infrastructure optionality, and the strategic investment from Metals X. The upcoming PFS, expected in 2H 2026, represents the most important near-term catalyst for SRZ. The study is expected to update Heemskirk’s development case following the expanded resource base, incorporating updated mine planning, production rates, capex, operating costs, recoveries and mine life assumptions. A strong PFS outcome could materially improve confidence in Heemskirk’s development pathway, highlight the value of the larger resource inventory, and provide a clearer basis for project financing and a potential market re-rating." View Broker Report: https://loom.ly/4GRTywk #StellarResources #SRZ #ASX #Tin

Via Stockhead Why the Apple Isle is ripe for more discoveries While Tasmania only has a handful of operating mines, it has a long mining history and highly prospective geology. Stellar Resources managing director Simon Taylor has had a 30-year-plus career in mining but had never worked in #Tasmania until he stepped into the hotseat at the tin explorer. Stellar has taken multiple groups of analysts to Tasmania to visit its Heemskirk tin project. “I reckon two thirds or three quarters hadn’t been to Tasmania before, and they definitely all come away feeling like this is actually a mining jurisdiction in that part of Tasmania,” Taylor said. Continue reading: https://loom.ly/UvTRouk #StellarResources #SRZ #ASX #tin

#ASXNews Report for the Quarter Ended 30 June 2026 Stellar Resources is pleased to present its quarterly activities report for the period ended 30 June 2026. Key achievements during the quarter centred around Mineral Resource Estimate (MRE) upgrades and ongoing Prefeasibility Study activities aimed at advancing the Heemskirk #Tin Project towards development ready status and the Company’s aim to become a potential top 10 global tin producer. #SRZ Managing Director and CEO, Mr Simon Taylor, commented: “The June quarter was very productive for Stellar, highlighted by resource growth, metallurgical improvements at Queen Hill, strategic footprint expansion, and fund raising. Completion of our Resource drilling delivered an impressive 64% upgrade to our Mineral Resource at Severn released just after the quarter end and has elevated our global resource to over 129kt of contained tin forthe combined Heemskirk and nearby St Dizier satellite deposit, highlighting Heemskirk as a premier tin asset in a Tier-1 jurisdiction. "Project development continues with the Prefeasibility Study targeted for completion in Q3 by our newly established Owner’s Study Team. “The $17 million strategic investment from Metals X and the addition of Brett Smith to our board represents a powerful vote of confidence in our technical strategy. Furthermore, securing the highly prospective Ringville tenement next to the world-class Renison mine significantly expands our regional exploration pipeline. "Against a macro backdrop of structural supply shortages and surging tin demand driven by the AI and data centre boom, Stellar is advancing at exactly the right time. We have the capital, the operational expertise, and the asset base to transition from explorer to developer, paving the way for a positive second half of 2026." Read: https://loom.ly/fRUpBKM #StellarResources #ASX

Stellar Resources Executive Director Andrew Boyd will present at the Tasmanian Minerals, Manufacturing & Energy Council (TMEC) Conference on Wednesday, 5 August at 2:30 pm, at the Hotel Grand Chancellor Nipaluna in Hobart. The presentation will highlight progress at the flagship Heemskirk #Tin Project in Tasmania, following recent Mineral Resource updates as the company advances toward its Prefeasibility Study (PFS). Delegates are invited to join the session to gain further insight into Stellar Resources' operational outlook. Register for the event: https://loom.ly/oQW3mx0 #StellarResources #SRZ #ASX #Tasmania

Via Resources Rising Stars Host of juniors rusting on to soaring tin as it becomes the glue of electrification The ASX #tin sector is buzzing thanks to the metal’s advance into record (nominal) territory for a whole host of reasons. The price has powered up from a CY2025 average of US$31,000/t to trade in the US$50,000/t-plus range to give tin roughly four times the value of the currently hot copper price. Stellar Resources is another about to release a PFS after a big resource increase at its high-grade Heemskirk tin project in Tasmania to 115,300t, or 129,000t if its nearby St Dizier satellite deposit is added in. Continue reading: https://loom.ly/YaE7D90 #StellarResources #SRZ #ASX

#InvestorUpdate Following approval at the recent Extraordinary General Meeting, Stellar Resources is currently trading under the temporary ticker code "SRZDA" to consolidate its issued capital. #StellarResources #SRZ #ASX