Stellar Resources Ups Tin Recovery at Heemskirk to 79.5 Percent

Stellar Resources Ltd. (ASX:SRZ) announced that it has received the results of a metallurgical optimization program for its Tasmania-based Heemskirk tin project.

Highlights include:

• An increase in tin recovery from 72.4%, established in the PFS, to 79.5%
• Average tin recovery across all deposits has increased by 4.5% to 72.8%
• PFS valuation has increased by 34.2% to A$82.3m

Peter Blight, managing director at Stellar, said the results are a “significant milestone” for the company for two reasons:

First, these results have demonstrated a step up in recovery for Severn, the major deposit, and promises improvements for the other deposits which to date have not been tested to the same degree.

Second, the study has found robust data for optimising design criteria and processing conditions ahead of a definitive feasibility study to commence in 2015. It’s an exciting time for Stellar Resources.

Blight also said:

The Severn results have also been measured against the neighbouring Renison Bell (Metals X) tin processing plant when it was in its prime, and stack-up extremely well – an outcome that reinforces our view that there is much more upside to be harnessed at Heemskirk.

Click here to read the full Stellar Resources Ltd. (ASX:SRZ) press release.