- Last 2026-11-06
- A$0.275
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$93.5M
- EV
- A$63.4M
- Cash
- A$30.1M
- Debt
- A$0
1 newer ASX announcement not yet reflected in this valuation
- Sept 2026 Quarterly Activities Report & Cashflow ReportLatest Four Activities Reports
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 16All sources ▸- TMEC Conference Presentation HobartPresentation
- Completion of Consolidation of CapitalCorporate Action
- June 2026 Quarterly Activities Report and Cashflow ReportResults
- Notification regarding unquoted securities - SRZCorporate Action
- Notification of cessation of securities - SRZCorporate Action
- Application for quotation of securities - SRZCorporate Action
- March 2026 Quarterly Activities Report and Cashflow ReportResults
- Half Year AccountsResults
- Updated Mineral Resource PresentationResource Update
- Stellar Completes Granite Tor Tin Project AcquisitionTransaction
- December 2025 Quarterly Activities Report and Cashflow ReportResults
- September 2025 Quarterly Activities Report and Cashflow ReportResults
Event calendar · next 12 months
1 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Second half of 2026; June quarterly targeted Q3, August presentation widened to H2 | Heemskirk prefeasibility study publication | Study | Company Guided | High | Updates mine plan, capex, recovery, development path and financeability, replacing the 2024 scoping economics. |
Executive roster
As of 2026-09-26Background checks ▸FY2025 annual report names the managing director, executive director and company secretary. June 2026 quarterly confirms Simon Taylor as chief executive, but the FY2026 annual report released just before cutoff was inaccessible for updated senior-management completeness.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Simon Taylor | Managing Director and Chief Executive Officer | Executive Director · Chief Executive | 2024-09-17 | 2025 Annual Report · June 2026 Quarterly Activities Report and Cashflow Report |
| Andrew Boyd | Executive Director | Executive Director | 2024-04-01 | 2025 Annual Report · TMEC Conference Presentation Hobart |
| Louisa Martino | Company Secretary | Company Secretary | — | 2025 Annual Report |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Heemskirk Tin Project
Australia
PFS-stage underground tin development near Zeehan; PFS reporting was targeted for Q3 2026, with an expanded 2026 resource, mining-lease tenure, >70% recovery pathway and no ore reserve yet.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Post-tax NPV8 and pre-tax IRR from the issuer's base case at US$28,000/t tin and 0.67 AUD:USD; ±35% scoping accuracy.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 8.3M tonnes | 0.87% Sn; 71,930 tonnes contained tin | Tin | 2026-07-02 |
| Mineral Resource | Inferred | 5M tonnes | 0.86% Sn; 43,400 tonnes contained tin | Tin | 2026-07-02 |
Tenements6
Milestones1
- Report Heemskirk prefeasibility study
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Core Heemskirk mining lease | Tasmania, Australia | Granted | — | No |
| Comstock-adjacent tailings area mining licence | Tasmania, Australia | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Updated Heemskirk Tin Scoping Study | Scoping Study | Current | 2024-09-03 | Preliminary ±35% 350 ktpa underground case with 12-year life, A$71 million development capital and post-tax NPV8 of A$75 million at US$28,000/t tin; PFS was not yet published by cutoff. |
Other
St Dizier Satellite Deposit
Australia
Open-pit satellite tin resource near Heemskirk; excluded from the current PFS with further work deferred until after Heemskirk development.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Total Mineral Resource | 2.3M tonnes | 0.61% Sn; 13,800 tonnes contained tin | Tin | 2014-03-12 |
Tenements1
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| St Dizier mining lease | Tasmania, Australia | Granted | — | No |
Other
Granite Tor Project
Australia
Large early-stage licence with historic tin, tungsten and rare-earth geochemical anomalies; acquisition completed in February 2026 and no mineral resource is reported.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements1
Other
East Renison Project
Australia
Regional tin exploration ground southeast of the Renison mine comprising the granted Concert Creek and Ringville licences; no mineral resource is reported.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements2
Other
Northeast Tasmania and Scamander Projects
Australia
Polymetallic exploration portfolio including the North Scamander silver-tin-zinc-lead-indium discovery and regional tungsten and bismuth prospects; no mineral resource is reported.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements5
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
The May placement materially strengthened study funding, but the June cash position predates subsequent expenditure and the FY2026 annual report released on 25 September was inaccessible for this run. Construction funding is not secured.
Capital structure
Ownership and dilution
- Ordinary shares
- 340M
- Fully diluted
- 355.8M
The 24 July consolidation established 339,148,591 ordinary shares, 7,250,000 options and 9,499,821 rights. An August Appendix 2A account records exercise of 875,000 options into ordinary shares and expiry of 125,000 more, leaving 340,023,591 ordinary shares and 6,250,000 options. Fully diluted shares add remaining options and rights without credit for unknown exercise proceeds; the August source is secondary pending primary filing verification.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Post-consolidation ordinary fully paid shares | Ordinary Share | 340M | — | — |
| Remaining post-consolidation options after 875,000 exercised and 125,000 expired in August 2026 | Option | 6.2M | — | — |
| Post-consolidation employee and project-condition performance rights | Performance Right | 9.5M | A$0 | — |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| PFS Reporting Milestone | heemskirk | Q3 2026 | — | — Q3 2026 target window | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-14 | RaisingSrz Ordinary Share | A$262.5K | 875K | A$0.3 | Completed | Secondary account of issuer Appendix 2A; 875,000 post-consolidation shares issued on option conversion.Max 875K · Period 2026-08-10 to 2026-08-14 |
| 2026-05-19 | Raising | A$150K | 1M | — | Completed | — |
| 2026-05-04Ann. 2026-04-30 | Raising | A$22.1M | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
June quarterly and August presentation identify the Comstock licence application agreement, Metals X strategic placement and non-binding Avebury discussions. Exact consideration and current MOU legal terms are not disclosed in reviewed local files; FY2026 annual report was inaccessible.
Agreement permits Stellar to apply for an adjacent Comstock-area mining licence for a potential tailings solution; no transfer of mining rights or quantified cost saving is established.
Strategic Partnership · Active- Counterparties
- Australian Hualong Pty Ltd
- Applies to
- Heemskirk Tin Project · Tin
- Economic direction
- Benefit
- Period
- From 2026-02-05; no end date stated
- Key terms
- Right to apply for adjacent mining licence: —
Application area: 278 hectares
No valuation treatment is available for this arrangement.
Strategic equity investment and board nomination give Metals X influence, but no project ownership, offtake, tolling or financing commitment is disclosed.
Strategic Partnership · Active- Counterparties
- Metals X Limited
- Applies to
- Company-wide · Tin
- Economic direction
- Mixed
- Period
- From 2026-05-17; no end date stated
- Key terms
- Strategic placement subscription: 17,000,000 AUD
Metals X holding at completion: 16.4 percent approximately
Board nominee right: —
No valuation treatment is available for this arrangement.
Non-binding Avebury plant evaluation period has elapsed, while issuer says discussions continue. No binding access, cost, modification scope or current exclusivity can be confirmed.
Strategic Partnership · Unknown- Counterparties
- Hartree MI UK Limited · Allegiance Mining Pty Ltd · Avebury (Operating) Pty Ltd
- Applies to
- Heemskirk Tin Project · Tin
- Economic direction
- Mixed
- Period
- 2025-08-25 to 2026-02-25
- Key terms
- Original evaluation period: 6 months
Potential throughput capacity: 900,000 tonnes per annum nameplate
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
This initial public-source management review covers the selected company.json roster plus issuer-confirmed current management additions. Career histories are unevenly documented, and role-specific achievements are often issuer-reported rather than independently attributable.
Decision-relevant facts
Material summary
Simon Taylor
Managing Director and Chief Executive Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Andrew Boyd
Executive Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Louisa Martino
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Andrew Doe
PFS Study Manager
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- The issuer biography gives approximate total experience but not a dated employer-by-employer chronology or engineering qualification verification.
- Open-web searches do not constitute an exhaustive criminal, sanctions, litigation, regulator, safety or credential check; sources outside the documented search scope may exist.
Ben Pearson
Environment and Permitting Manager
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Public sources reviewed do not name prior employers, education institution/degree, professional-body registration, appointment date or specific permitting outcomes; qualification and 25-year experience claims remain issuer-reported.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-04 · 340,023,591 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 16.34% | 55,575,151 | |
| 2 | 11.94% | 40,608,750 | |
| 3 | 9.05% | 30,781,268 | |
| 4 | 4.53% | 15,418,336 | |
| 5 | 3.43% | 11,654,736 | |
| 6 | 2.55% | 8,656,783 | |
| 7 | 2.26% | 7,693,196 | |
| 8 | 1.83% | 6,238,222 | |
| 9 | 1.51% | 5,149,710 | |
| 10 | 1.43% | 4,854,550 | |
| 11 | 1.33% | 4,512,908 | |
| 12 | 1.26% | 4,300,000 | |
| 13 | 1.18% | 4,015,045 | |
| 14 | 1.03% | 3,488,077 | |
| 15 | 1.02% | 3,456,888 | |
| 16 | 0.85% | 2,900,357 | |
| 17 | 0.83% | 2,836,247 | |
| 18 | 0.74% | 2,500,000 | |
| 19 | 0.59% | 2,006,655 | |
| 20 | 0.50% | 1,687,787 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 16.44%Issued shares | 2026-09-04 | |
| 12.01%Issued shares | 2026-09-04 | |
| 5.93%Calc. on issued shares | 2026-09-04 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The annual report substantial-holder percentage for Paradice Investment Management (8.87%) conflicts with the reported 20,178,803 ordinary shares and 340,023,591 issued-share count; the snapshot preserves the shares and omits the percentage.
Sources
- Annual Report 2026 — Equity Security Holders
Stellar Resources Limited / ASX · Published 2026-09-25 · Accessed 2026-10-09
Full top-20 registered ordinary-share table.
PDF p. 87 (printed p. 86), top 20 ordinary shares as at 4 September 2026; 340,023,591 shares per distribution table
Disclosed activity
Insider transactions
Trading activity6 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-06-30 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2026-06-30As disclosed: 8,968,781 performance rights lapsed; nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | Expiryperformance rights | 8,968,781 | —Non Cash | — | — |
| 2026-06-30 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2026-06-30As disclosed: 7,058,390 performance rights lapsed; nil consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | Expiryperformance rights | 7,058,390 | —Non Cash | — | — |
| 2025-12-19 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2025-12-19As disclosed: 21,800,000 performance rights issued following approval at AGM; nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice - S Taylor ↗ Change of Director's Interest Notice - S Taylor ↗ | Grantperformance rights | 21,800,000 | —Non Cash | — | — |
| 2025-12-19 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2025-12-19As disclosed: 16,600,000 performance rights issued following approval at AGM; nil consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notice - A Boyd ↗ Change of Director's Interest Notice - A Boyd ↗ | Grantperformance rights | 16,600,000 | —Non Cash | — | — |
| 2025-09-09 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2025-09-09As disclosed: 12,230,157 performance rights lapsed; nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Expiryperformance rights | 12,230,157 | —Non Cash | — | — |
| 2025-09-09 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2025-09-09As disclosed: 9,625,079 performance rights lapsed; nil consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Expiryperformance rights | 9,625,079 | —Non Cash | — | — |
| 2025-06-30 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2025-06-30As disclosed: 1,875,000 shares acquired on exercise of options at A$0.015; A$28,125 consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Exercisefully paid ordinary shares | 1,875,000 | AUD 28,125.00 | AUD 0.015Disclosed price | — |
| 2025-06-30 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2025-06-30As disclosed: 1,250,000 shares acquired on exercise of options at A$0.015; A$18,750 consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Exercisefully paid ordinary shares | 1,250,000 | AUD 18,750.00 | AUD 0.015Disclosed price | — |
| 2024-11-11 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2024-11-11As disclosed: 1,000,000 unlisted options expired; nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Expiryunlisted options | 1,000,000 | —Non Cash | — | — |
| 2024-11-11 | Simon O’LoughlinD-Tech Investors Pty Ltd
Details & evidence for Simon O’Loughlin on 2024-11-11As disclosed: 500,000 options expired; nil consideration.
Non-Executive Director · Start not disclosed D-Tech Investors Pty Ltd · director of company holding disclosed interests Yoix Pty Ltd · director of company holding disclosed interests Change of Director's Interest Notices and Appendix 3H ↗ Change of Director's Interest Notices and Appendix 3H ↗ | Expiryoptions | 500,000 | —Non Cash | — | — |
| 2024-10-28 | Mark Anthony ConnellyMark Connelly direct account
Details & evidence for Mark Anthony Connelly on 2024-10-28As disclosed: On-market purchase of 1,000,000 ordinary shares for A$18,000.
Non-Executive Director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | Purchaseordinary shares | 1,000,000 | AUD 18,000.00 | AUD 0.018Calculated average | — |
| 2024-10-04 | Mark Anthony ConnellyMark Connelly direct account
Details & evidence for Mark Anthony Connelly on 2024-10-04As disclosed: Issue of 9,000,000 zero exercise price options as sign-on securities; nil consideration.
Non-Executive Director · Start not disclosed Change of Director's Interest Notice - M Connelly ↗ Change of Director's Interest Notice - M Connelly ↗ | Grantzero exercise price options | 9,000,000 | —Non Cash | — | — |
| 2024-09-26to 2024-09-30 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2024-09-26As disclosed: On-market acquisition of 3,700,000 shares over 26–30 Sep 2024 for A$57,100.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice - S Taylor ↗ Change of Director's Interest Notice - S Taylor ↗ | Purchasefully paid ordinary shares | 3,700,000 | AUD 57,100.00 | AUD 0.015432Calculated average | — |
| 2024-08-22 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2024-08-22As disclosed: Issue of 32,613,750 performance rights following approval at EGM; nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice - S Taylor ↗ Change of Director's Interest Notice - S Taylor ↗ | Grantperformance rights | 32,613,750 | —Non Cash | — | — |
| 2024-08-22 | Simon O’LoughlinD-Tech Investors Pty Ltd
Details & evidence for Simon O’Loughlin on 2024-08-22As disclosed: Issue of 6,000,000 zero exercise price options following approval at EGM; nil consideration.
Non-Executive Director · Start not disclosed D-Tech Investors Pty Ltd · director of company holding disclosed interests Yoix Pty Ltd · director of company holding disclosed interests Change of Director's Interest Notice - S O'Loughlin ↗ Change of Director's Interest Notice - S O'Loughlin ↗ | Grantzero exercise price options | 6,000,000 | —Non Cash | — | — |
| 2024-08-22 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2024-08-22As disclosed: Issue of 25,666,875 performance rights following approval at EGM; nil consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notice - A Boyd ↗ Change of Director's Interest Notice - A Boyd ↗ | Grantperformance rights | 25,666,875 | —Non Cash | — | — |
| 2024-04-18 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2024-04-18As disclosed: Placement participation: 1,875,000 unlisted options, nil consideration.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice - S Taylor ↗ Change of Director's Interest Notice - S Taylor ↗ | Grantunlisted options | 1,875,000 | —Non Cash | — | — |
| 2024-04-18 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2024-04-18As disclosed: Placement participation: 3,750,000 shares at A$0.008 per share.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Change of Director's Interest Notice - S Taylor ↗ Change of Director's Interest Notice - S Taylor ↗ | Subscriptionfully paid ordinary shares | 3,750,000 | AUD 30,000.00 | AUD 0.008Disclosed price | — |
| 2024-04-18 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2024-04-18As disclosed: Placement participation: 1,250,000 unlisted options, nil consideration.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notice - A Boyd ↗ Change of Director's Interest Notice - A Boyd ↗ | Grantunlisted options | 1,250,000 | —Non Cash | — | — |
| 2024-04-18 | Andrew BoydAndrew and Susan Boyd <The Cairn A/C>
Details & evidence for Andrew Boyd on 2024-04-18As disclosed: Placement participation: 2,500,000 shares at A$0.008 per share.
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Change of Director's Interest Notice - A Boyd ↗ Change of Director's Interest Notice - A Boyd ↗ | Subscriptionfully paid ordinary shares | 2,500,000 | AUD 20,000.00 | AUD 0.008Disclosed price | — |
| 2023-12-07 | Simon TaylorJimzbal Pty Ltd <Jimzbal Super A/C>
Details & evidence for Simon Taylor on 2023-12-07As disclosed: Participation in placement; 6,666,667 shares acquired at A$0.009 per share.
Non-Executive Chair · Start not disclosed Jimzbal Pty Ltd <Jimzbal Super A/C> · director of company holding the disclosed Jimzbal Super A/C interest Jimbzal Pty Ltd <Taylor Family Trust> · director of trustee company for the Taylor Family Trust Appendix 3Y x2 ↗ Appendix 3Y x2 ↗ | Subscriptionfully paid ordinary shares | 6,666,667 | AUD 60,000.00 | AUD 0.009Disclosed price | — |
| 2023-12-07 | Simon O’LoughlinD-Tech Investors Pty Ltd
Details & evidence for Simon O’Loughlin on 2023-12-07As disclosed: Participation in placement; 6,666,667 shares acquired at A$0.009 per share.
Non-Executive Director · Start not disclosed D-Tech Investors Pty Ltd · director of company holding disclosed interests Yoix Pty Ltd · director of company holding disclosed interests Appendix 3Y x2 ↗ Appendix 3Y x2 ↗ | Subscriptionfully paid ordinary shares | 6,666,667 | AUD 60,000.00 | AUD 0.009Disclosed price | — |
Disclosed holding observations6 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-05-17 | Brett Smith
Details & evidence for Brett Smith on 2026-05-17
Director · Start not disclosed Initial Director's Interest Notice ↗ | Initialfully paid ordinary shares | 500,000 | — |
| 2023-11-30 | Andrew Boyd
Details & evidence for Andrew Boyd on 2023-11-30
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Initial Director's Interest Notice ↗ | Initialfully paid ordinary shares | 3,000,000 | — |
| 2023-11-30 | Andrew Boyd
Details & evidence for Andrew Boyd on 2023-11-30
Non-Executive Director · Start not disclosed Susan Boyd · spouse; associate interest disclosed Andrew and Susan Boyd <The Cairn A/C> · joint account disclosed in director notice Initial Director's Interest Notice ↗ | Initialfully paid ordinary shares | 432,391 | — |
| 2023-11-30 | Gary Fietz
Details & evidence for Gary Fietz on 2023-11-30
Director · Start not disclosed Final Director's Interest Notice x2 ↗ | Finalfully paid ordinary shares | 4,574,453 | — |
| 2023-11-30 | Thomas Holland Whiting
Details & evidence for Thomas Holland Whiting on 2023-11-30
Director · Start not disclosed Final Director's Interest Notice x2 ↗ | Finalfully paid ordinary shares | 4,442,688 | — |
| 2023-11-30 | Thomas Holland Whiting
Details & evidence for Thomas Holland Whiting on 2023-11-30
Director · Start not disclosed Final Director's Interest Notice x2 ↗ | Finalfully paid ordinary shares | 5,169,781 | — |
The closest covered peers
Peer comparison
Peer comparison pending
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory19 documents
SRZ ASX ordinary share closing price on 25 September 2026Market Data · HighExtracted
Latest eligible local close selected by miners.reference_price for one ASX SRZ ordinary share; A$0.395 on 25 September 2026, volume 671,616. The quote is one calendar day old at cutoff.
- Document ID
- market-price-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Account of SRZ August 2026 Appendix 2A option conversionCorporate Action · MediumExtracted
Kalkine account of the issuer Appendix 2A gives the post-exercise ordinary share count and option details; primary Appendix 2A was not available in the local package, so this source has lower evidentiary weight.
- Document ID
- august-2026-option-conversion-news
- Published UTC
- 2026-08-14T05:45:00Z
- Projects
- —
- Commodities
- —
TMEC Conference Presentation HobartPresentation · MediumExtracted
Latest issuer presentation confirming the 129.1 kt combined Heemskirk and St Dizier contained-tin inventory, A$30.1 million cash, nil debt, 339.1 million shares and PFS timing in second-half 2026.
- Document ID
- tmec-presentation-2026-08-05
- Published UTC
- 2026-08-04T23:26:17Z
- Projects
- heemskirk · east-renison · granite-tor · scamander
- Commodities
- tin · silver · zinc · lead · tungsten · rare_earths
Completion of Consolidation of CapitalCorporate Action · HighExtracted
Definitive post-event capital table after shareholder-approved 10-for-1 consolidation, with fractions rounded down.
- Document ID
- capital-consolidation-2026-07-24
- Published UTC
- 2026-07-24T05:48:36Z
- Projects
- —
- Commodities
- —
June 2026 Quarterly Activities Report and Cashflow ReportResults · HighExtracted
Latest detailed activities and cash report: expanded Heemskirk resource, PFS nearing completion, improved metallurgy, completed placement, A$30.1 million liquidity and updated tenement schedule.
- Document ID
- quarterly-2026-06
- Published UTC
- 2026-07-21T23:09:22Z
- Projects
- heemskirk · east-renison · scamander · granite-tor
- Commodities
- tin · silver · zinc · lead · tungsten · others · rare_earths
Notification regarding unquoted securities - SRZCorporate Action · MediumExtracted
Appendix 3G recording issue of 6 million pre-consolidation employee performance rights; the later consolidation notice provides the definitive post-consolidation total.
- Document ID
- performance-rights-issue-2026-07-17
- Published UTC
- 2026-07-17T04:47:48Z
- Projects
- —
- Commodities
- —
Notification of cessation of securities - SRZCorporate Action · MediumExtracted
Appendix 3H recording lapse of 19,227,171 pre-consolidation performance rights on 30 June 2026.
- Document ID
- performance-rights-cessation-2026-07-03
- Published UTC
- 2026-07-03T05:25:44Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - SRZCorporate Action · MediumExtracted
Quotation of 10 million pre-consolidation ordinary shares after exercise of options at A$0.015 per share.
- Document ID
- option-exercise-2026-05-19
- Published UTC
- 2026-05-19T08:08:15Z
- Projects
- —
- Commodities
- —
Investor PresentationPresentation · MediumExtracted
May corporate presentation following the A$22.1 million placement; superseded by the August presentation and June-quarter results.
- Document ID
- investor-presentation-2026-05-05
- Published UTC
- 2026-05-04T23:16:00Z
- Projects
- heemskirk · granite-tor · east-renison · scamander
- Commodities
- tin · silver · zinc · lead · rare_earths
March 2026 Quarterly Activities Report and Cashflow ReportResults · HighExtracted
Quarterly reporting the Queen Hill resource update, PFS work, Comstock tailings-site progress, Granite Tor completion and A$11.7 million cash; later data supersedes key values.
- Document ID
- quarterly-2026-03
- Published UTC
- 2026-04-15T22:57:43Z
- Projects
- heemskirk · east-renison · scamander · granite-tor
- Commodities
- tin · silver · zinc · lead · rare_earths
Half Year AccountsResults · HighExtracted
Reviewed half-year financial statements to 31 December 2025, including historic cash, lease liabilities, share issues and incentive securities later superseded by post-period financing and consolidation.
- Document ID
- half-year-accounts-2025-12
- Published UTC
- 2026-03-10T06:33:43Z
- Projects
- heemskirk · east-renison · scamander · granite-tor
- Commodities
- tin · silver · zinc · lead · rare_earths
Updated Mineral Resource PresentationResource Update · HighExtracted
Presentation detailing the February 2026 Queen Hill resource update, subsequently superseded at total-project level by the July 2026 Severn update.
- Document ID
- resource-presentation-2026-02-26
- Published UTC
- 2026-02-25T22:38:33Z
- Projects
- heemskirk
- Commodities
- tin · copper · zinc · lead
Stellar Completes Granite Tor Tin Project AcquisitionTransaction · MediumExtracted
Mineral Resources Tasmania transferred EL6/2023 and Stellar completed its 100% acquisition of Granite Tor.
- Document ID
- granite-tor-completion-2026-02-10
- Published UTC
- 2026-02-09T22:13:22Z
- Projects
- granite-tor
- Commodities
- tin · rare_earths · tungsten
December 2025 Quarterly Activities Report and Cashflow ReportResults · HighExtracted
Quarterly update reporting A$13.349 million period-end cash, continuing Heemskirk PFS work and regional exploration; liquidity was later superseded.
- Document ID
- quarterly-2025-12
- Published UTC
- 2026-01-13T22:52:25Z
- Projects
- heemskirk · east-renison · scamander · granite-tor
- Commodities
- tin · silver · zinc · lead · rare_earths
September 2025 Quarterly Activities Report and Cashflow ReportResults · HighExtracted
Quarterly update on PFS drilling, ore sorting, regional infrastructure work and exploration; later quarterlies supersede its cash and schedule data.
- Document ID
- quarterly-2025-09
- Published UTC
- 2025-10-21T22:21:45Z
- Projects
- heemskirk · east-renison · scamander · granite-tor
- Commodities
- tin · silver · zinc · lead · rare_earths
Project Acquired in World Class Tin Province, TasmaniaTransaction · MediumExtracted
Agreement to acquire 100% of Granite Tor EL6/2023, a 122 km2 early-stage tin, tungsten and rare-earth exploration licence in northwest Tasmania.
- Document ID
- granite-tor-acquisition-terms-2025-10-02
- Published UTC
- 2025-10-01T22:29:45Z
- Projects
- granite-tor
- Commodities
- tin · rare_earths · tungsten
2025 Annual ReportResults · HighExtracted
Audited FY2025 report covering Heemskirk PFS work, regional exploration, historic capital structure and a 30 June 2025 liquidity position subsequently superseded by later quarterlies and placements.
- Document ID
- annual-report-2025
- Published UTC
- 2025-09-25T09:07:40Z
- Projects
- heemskirk · east-renison · scamander
- Commodities
- tin · silver · zinc · lead
Amendment to Updated Heemskirk Tin Scoping StudyStudy · HighExtracted
Corrected definitive copy of the 2024 Heemskirk scoping study; the amendment changes one capex table allocation but not total capex or study financial outcomes.
- Document ID
- heemskirk-scoping-amendment-2024-09-03
- Published UTC
- 2024-09-03T06:11:18Z
- Projects
- heemskirk
- Commodities
- tin
Updated Heemskirk Tin Scoping StudyStudy · HighExtracted
Preliminary ±35% Heemskirk study defining a 12-year, 350 ktpa underground development case; its copied Table 8 was corrected the following day without changing total capex or financial outcomes.
- Document ID
- heemskirk-scoping-study-2024-09-02
- Published UTC
- 2024-09-01T22:33:50Z
- Projects
- heemskirk
- Commodities
- tin
Evidence facts58
3894000 tonnes
2024-09-0312 years
2024-09-0322818 tonnes tin
2024-09-0375 percent
2024-09-0328000 USD per tonne tin
2024-09-030.67 USD per AUD
2024-09-0318260 USD per tonne recovered tin
2024-09-0371000000 AUD
2024-09-03122000000 AUD
2024-09-0375000000 AUD
2024-09-0333 percent
2024-09-033.5 years
2024-09-03123000000 AUD
2024-09-036144565 AUD
2025-06-30Simon Taylor None
2025-09-25Andrew Boyd None
2025-09-25Louisa Martino None
2025-09-25Hiltaba Gold Pty Ltd; Rubicon Min Tech Ventures Pty Ltd; Columbus Metals Limited; Tarcoola Iron Pty Ltd None
2025-06-30122 square kilometres
2025-10-02100 percent
2025-10-0213349000 AUD
2025-12-31100 percent
2026-02-1046236 AUD
2025-12-3110000000 pre-consolidation shares
2026-05-190.015 AUD per pre-consolidation share
2026-05-1919227171 pre-consolidation rights
2026-06-306000000 pre-consolidation rights
2026-07-173135000 AUD
2026-06-3027000000 AUD
2026-06-3030135000 AUD
2026-06-300 AUD
2026-06-3013360000 tonnes
2026-07-020.86 percent tin
2026-07-02115300 tonnes tin
2026-07-028310000 tonnes at 0.87% tin containing 71,930 tonnes tin
2026-07-025000000 tonnes at 0.86% tin containing 43,400 tonnes tin
2026-07-022260000 tonnes at 0.61% tin containing 13,800 tonnes tin
2014-03-1270 percent, greater than
2026-04-2242-49 percent tin
2026-04-22Q3 2026 None
2026-07-2222100000 AUD gross
2026-05-0451100 USD per tonne tin
2026-06-301901000 AUD
2026-06-30True None
2026-06-3017000000 AUD
2026-05-04True None
2026-05-17True None
2026-06-3010 old securities per new security
2026-07-24339148591 ordinary shares
2026-07-247250000 options
2026-07-249499821 performance rights
2026-07-24True None
2026-08-05second half of 2026 None
2026-08-050.395 AUD per ordinary share
2026-09-25671616 shares
2026-09-25875000 shares
2026-08-14340023591 shares
2026-08-140.3 AUD per share
2026-08-14Conflicts requiring judgment1
- Heemskirk 2024 scoping-study capital cost allocation
The 3 September amendment corrects Table 8's copied capex-item allocation and explicitly states that total capex and all financial outcomes are unchanged.