(NewsDirect)
Stellar ResourcesLtd (ASX:SRZ) MD Gary Fietz tells Proactive the company has defined anupdated indicated resource of 3.52 million tonnes at 1.05% tin for36,991 tonnes contained tin for the Heemskirk Tin Project in Tasmania.This represents a 24% increase in contained tin compared to theNovember 2022 mineral resource estimate (MRE) and a 58% increase fromthe 2019 MRE, significantly increasing confidence in the project. Thetotal MRE for the project has been updated to 7.48 million tonnes at11.04% tin for 77,872 tonnes contained tin. The new Heemskirk totalMRE continues to rank as the highest-grade undeveloped tin project inAustralia and the third highest-grade globally of peer companyprojects.
Fietzsaid: “Over the past 18 months, our Phase 2A and Phase 2B infilldrilling programs have focused on increasing the indicated mineralresource at Severn.
“Our strategy has been vindicated with the results from thesesuccessful drilling campaigns, resulting in a 58% increase incontained tin in the Heemskirk Tin Project’s indicated mineralresource from the 2019 MRE.
“We expect the substantially increased indicatedmineral resource to support a pre-feasibility study on the project,which is scheduled for later this year.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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