STELLAR RESOURCES LIMITED - ASX: SRZ

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Description

Stellar Resources is an ASX listed exploration and development company (ASX code: SRZ). The company has assembled an experienced and well regarded management team with a results driven focus on returning share-holder wealth.

Iron Ore

Stellar’s Tarcoola Iron Ore Project located in central South Australia is in an advanced stage of exploration. The project includes the Coolybring and Hicks Hill magnetite deposits which have a combined exploration potential of 700 million tonnes. The magnetite deposits lie within 10 kilometres of the Trans-Australian railway which connects them to the proposed iron ore loading terminal at Port Bonython.

Uranium

Stellar's uranium interest includes:

* Pirie Basin roll-front sedimentary uranium prospects within EL4242 (under joint venture with UraniumSA Limited) and EL3798.
* Warrior palaeochannel uranium deposit located 60 kilometres west of Tarcoola. This is the largest uranium deposit discovered to date in the Gawler Craton.
* Tarcoola palaeochannel uranium prospects - under joint venture with UraniumSA.

Tin

Stellar holds a 60% interest in the Heemskirk Tin Project located immediately north of Zeehan on Tasmania's west coast.

The project was previously explored by Aberfoyle Limited who estimated an historic JORC resource of 3.6 million tonnes grading at 1.21% tin or 43,700 tonnes of contained tin.

Heemskirk Tin represents the largest undeveloped high grade tin resource in Australia. It is located near well established infrastructure and within 18 kilometres of the Renison Bell tin concentrator.

Gold Projects

Stellar Resources is exploring for Gold in several locations.

At Tarcoola, in South Australia, Stellar is following up the initial encouraging exploration that previous explorers have encountered when exploring around the old Tarcoola Goldfield, which has been mined since the early 1900s.

At the Sunshine Project, located in the vicinity of the Challenger gold mine in South Australia, Stellar has located gold mineralisation in a similar geological environment.

IOCG - Iron Oxide Copper Gold

Stellar holds a large ground position in the "South Australian copper belt" searching for iron-oxide-copper-gold style (IOCG) deposits.

Stellar has three main areas for exploration. The Robins Rise JV, west of Prominent Hill; at Pernatty (100%), situated close to the Carrapateena discovery; and Cowell JV which is located on the Eyre Peninsula at the southern end of this key belt. Stellar is championing the application of gravity technology as well as other geophysical techniques, as a method of effectively targeting exploration in these highly prospective areas.

BASE METALS PROJECTS

Stellar is exploring in three states for base metals deposits.

In NSW, aroung the Broken Hill region Stellar is actively exploring for zinc and copper at Goldfinger, Copper Blow and Panama.

In SA, the area around Tarcoola, Stellar is exploring for for zinc in the Tarcoola Basin.

On the west coast Tasmania, Stellar is evaluating the Alpine copper deposit, zinc and copper around Arthur Dam and for nickel at Devizes & Dundas (considered prospective for Avebury style nickel). The North Heemskirk tinfield has advanced projects, including St Dizier.

Mine For

lead, zinc, silver, gold, copper, uranium, manganese, iron ore, nickel, tin

Location of operation(s)

Tasmania, South Australia, New South Wales

Address

Suite 713, Level 7, Exchange Tower, 530 Little Collins St
MELBOURNE, VIC, AUSTRALIA

Phone

(61 3) 9909 7618

Email

Website

http://www.stellarresources.com.au

Last Updated

25/02/2010