Stellar Resources' breakthrough in tin exploration

Stellar Resources (ASX:SRZ) has announced significant results from its 2024 drilling program at the Heemskirk Tin Project in Western Tasmania. The company reported high-grade tin intersections at both the Severn and Queen Hill deposits. Drillhole ZS166 at Severn yielded multiple high-grade zones, surpassing previous resource estimates. This drilling campaign is focused on upgrading resources to support the project's prefeasibility study.

Comprehensive assessment of Heemskirk drilling results

Stellar Resources' recent drilling results at the Heemskirk Tin Project mark a significant milestone in the company's exploration activities. High-grade tin intersections have been reported from the Severn and Queen Hill deposits, with drillhole ZS166 at Severn showing the best intercept in terms of grade thickness. This robust result exceeds previous estimates and supports the ongoing prefeasibility study. With the aim of upgrading resources from Inferred to Indicated, the drilling program continues with the goal of confirming a substantial tin resource for future development. Stellar Resources is committed to advancing the Heemskirk project to a development-ready status, with potential updates expected in 2025 that could further extend the mine's projected life.

Executive insights on drilling results

The results from our 2024 drilling program at Heemskirk are very encouraging. The high-grade intersections, particularly from drillhole ZS166 at the Severn deposit, highlight the potential for this project to be developed into a long-life, world-class tin operation. The drilling program aims to upgrade resources from Inferred to Indicated, and we are making significant progress with three drill rigs on-site. We anticipate that resource updates in 2025 will further extend the projected 10-year mine life for Heemskirk.