Stellar Resources (SRZ) Investor Presentation summary

Investment highlights

• 100% owned Heemskirk Tin Project is the highest-grade undeveloped tin project in Australia and third globally, with robust economics demonstrated in the 2024 Scoping Study.

• Project benefits from excellent location, infrastructure, granted mining leases, and 100% renewable energy supply, with access to world markets.

• Strong financial position with A$11.0 million in cash and a well-experienced board and management team.

• Prefeasibility Study underway, including a 9,500m drilling program to upgrade and extend resources.

• Well positioned to capitalize on a forecast global tin supply shortage driven by electrification and technology trends.

Project overview and resource details

• Heemskirk Tin Project comprises four 100% owned tin deposits and a satellite project, all with secure tenure and low environmental impact due to underground mining.

• The September 2023 Mineral Resource Estimate totals 7.48Mt at 1.04% Sn (77,872t contained tin), with 47% in the Indicated category.

• Benchmarking shows Heemskirk as the highest-grade undeveloped tin resource in Australia and third globally.

• All deposits remain open at depth, with high-grade zones defined and initial mining focused on higher-grade Queen Hill.

Scoping study and economics

• Updated 2024 Scoping Study base case (pre-tax) at US$28,000/t tin: 12-year mine life, A$71M capex, A$122M NPV, 33% IRR, and 350ktpa average annual production.

• 97% of the production target is in the Indicated Mineral Resource category, with robust economics even at lower tin prices.

• All-in sustaining cost (AISC) is US$18,260/t tin, with a payback period of 3.5 years.

• Project features low environmental impact, small surface footprint, and 100% renewable power.