Stellar Resources Ltd (ASX:SRZ) is setting its sights on becoming Australia's next tin producer, with the Heemskirk Tin Project in Tasmania at the heart of its strategy. Recognized as the highest-grade undeveloped tin site in Australia and third globally, Heemskirk's potential is underscored by a 2019 scoping study highlighting its robust economics. The project's resource estimate stands at 7.48 million tonnes at 1.04% tin, with the Severn deposit, its largest, showing significant expansion potential. Recent drilling at Severn has yielded promising results, including a 36.6-metre section at 1.07% tin.
The company is also exploring the nearby St Dizier Satellite Project, adding to its tin portfolio. With an indicated mineral resource estimate, Stellar is well-positioned to take advantage of the global tin supply shortage. Tin's demand is expected to rise sharply, driven by its essential role in electronics, renewable energy, and emerging technologies. Stellar anticipates that updated economic studies will showcase improved metrics and a higher proportion of resources in the indicated category, potentially reducing initial capital costs.
As global tin production faces uncertainties, Stellar Resources Ltd is strategically placed to meet the market's deficit. The company's focus on the Heemskirk Tin Project and its surrounding assets comes at a critical time, with tin's importance in the technology and green sectors more pronounced than ever. For more information on the Heemskirk Tin Project, visit https://www.stellarresources.com.au.
