Stellar Resources (ASX: $SRZ) executive board changes and Heemskirk Tin Project update

Stellar Resources Limited (ASX: $SRZ) has appointed Simon Taylor as the Executive Chairman and Chief Executive Officer (CEO) and Andrew Boyd as the Executive Director, effective from 1 April 2024. The strategic board changes aim to drive the new transitional strategy from explorer to developer as the company advances the Heemskirk Tin Project. The board has approved a detailed work program, including updating the 2019 Heemskirk Scoping Study with the 2023 Mineral Resource Estimate (MRE) totaling 7.48Mt @ 1.04% Sn (77.87kt contained Tin). The company's strong balance sheet, following a successful $3.2m placement, will be utilized to implement the new strategy and accelerate work programs.

Stellar Resources (ASX: $SRZ) executive commentary

I am delighted to take on the Executive Chairman & CEO roles and to be working closely alongside Andrew as we advance Stellar's globally significant Heemskirk Tin Project. With the support of Nero coming onto our register along with other supportive shareholders participating in the recent placement, we now have a strong cash balance to confidently accelerate our work programs and look at both options of a standalone plant and the potential to toll treat at nearby infrastructure already in place. We look forward to updating the market as drilling and other programs get underway amidst the backdrop of tightening tin supply and rising commodity prices.

Stellar Resources (ASX: $SRZ) announcement summary

Stellar Resources (ASX: $SRZ) has announced strategic executive board changes and a detailed work program to advance the Heemskirk Tin Project. The appointment of Simon Taylor as the Executive Chairman and CEO, and Andrew Boyd as the Executive Director, signifies the company's commitment to transitioning from an explorer to a developer. The board has approved a work program that includes updating the 2019 Heemskirk Scoping Study with the 2023 Mineral Resource Estimate, leveraging the strong balance sheet following a successful $3.2m placement. The company aims to accelerate work programs and explore options for a standalone plant or toll treatment at nearby infrastructure. Stellar looks forward to updating the market as drilling and other programs progress amidst the tightening tin supply and rising commodity prices.