The Directors of Stellar Resources (ASX: SRZ, “Stellar” or the “Company”) are pleased to advise that the Company has added to its portfolio of Tasmanian tin properties with the recent grant of Mount Razorback EL11/2017. The EL contains the historical Razorback and Grand Prize tin mines and a tailings dam.
Between 1975 and 1978, the Razorback mine produced 153t of tin in concentrate valued at $3.8m at today’s A$ tin price. This property has a number of attributes that make it a particularly attractive bolt-on for the Heemskirk Tin project.
Managing Director Peter Blight said:
“Adding the Mount Razorback EL to the Company’s portfolio of Tasmanian tin assets is a great way to start the new year. This is the third significant tin asset in a portfolio that already includes JORC resources at St Dizier and Heemskirk. The synergy Mount Razorback offers Heemskirk Tin and the advanced nature of its tin prospects make it a compelling addition.”