Stellar Resources Limited (ASX:SRZ “Stellar” or the “Company”) is the 100% owner of the Heemskirk Tin Project which has a JORC Resource of 6.4mt at 1.13% tin. Stellar also owns 100% of the St Dizier tin deposit which has a JORC Resource of 2.3mt at 0.61% tin. (see Mineral Resource Appendix). The Heemskirk Tin Project contains the highest grade undeveloped tin resource of significance listed on the ASX. During the March quarter, the Company activated its plan to advance the Heemskirk Tin Project into a definitive feasibility study. The initial driver was the granting of a Mining Lease over the tin deposits at Zeehan.
As quoted in the press release:
Managing Director Peter Blight said: “The Tasmanian Government grant of a Mining Lease over the Heemskirk tin deposits in February was a major step forward for the project. Apart from enhancing the project’s status in the tin world it also provided the investor support necessary to raise additional funding. Stellar is now embarked on a 9,000m diamond drilling program to upgrade and potentially expand the Heemskirk Mineral Resource in support of a definitive feasibility study.”
“To provide news flow from a drilling program during a rising tin price cycle will be a new and exciting phase for Stellar and the Company’s investors” he added.