OREMAVEN
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2026-11-06
◂ Monitor SRZ ASX

Stellar Resources Limited

PFS Developer · Tin · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.275
1D
—
1M
—
YTD
—
1Y
—
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

Narrative and provenance

Research & Sources

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Chronological 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
—
Open original source ↗
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
—
Open original source ↗
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
Open original source ↗
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
—
Open original source ↗
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
Open original source ↗
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
—
Open original source ↗
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
—
Open original source ↗
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
—
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
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
Open original source ↗
Evidence facts58
study.ore-productionLife-of-mine ore production

3894000 tonnes

2024-09-03
study.mine-lifeMine life

12 years

2024-09-03
study.tin-producedLife-of-mine tin in concentrate

22818 tonnes tin

2024-09-03
study.recoveryLife-of-mine average tin recovery

75 percent

2024-09-03
study.tin-priceBase-case tin price

28000 USD per tonne tin

2024-09-03
study.fxBase-case AUD:USD exchange rate

0.67 USD per AUD

2024-09-03
study.aiscLife-of-mine all-in sustaining cost

18260 USD per tonne recovered tin

2024-09-03
study.capexDevelopment capital cost

71000000 AUD

2024-09-03
study.pretax-npvBase-case pre-tax NPV8

122000000 AUD

2024-09-03
study.posttax-npvBase-case post-tax NPV8

75000000 AUD

2024-09-03
study.pretax-irrBase-case pre-tax IRR

33 percent

2024-09-03
study.paybackBase-case payback

3.5 years

2024-09-03
study.spot-posttax-npvPost-tax NPV8 at US$32,000/t tin

123000000 AUD

2024-09-03
fy25.cash-and-term-depositsCash and term deposits

6144565 AUD

2025-06-30
fy25.executive-ceoManaging Director and CEO

Simon Taylor None

2025-09-25
fy25.executive-directorExecutive Director

Andrew Boyd None

2025-09-25
fy25.company-secretaryCompany Secretary

Louisa Martino None

2025-09-25
fy25.wholly-owned-subsidiariesWholly owned Australian subsidiaries

Hiltaba Gold Pty Ltd; Rubicon Min Tech Ventures Pty Ltd; Columbus Metals Limited; Tarcoola Iron Pty Ltd None

2025-06-30
granite-tor.areaGranite Tor exploration licence area

122 square kilometres

2025-10-02
granite-tor.ownership-intendedGranite Tor acquisition interest

100 percent

2025-10-02
dec25.cashCash and cash equivalents

13349000 AUD

2025-12-31
granite-tor.ownership-completedGranite Tor current ownership

100 percent

2026-02-10
hy25.lease-liabilitiesLease liabilities

46236 AUD

2025-12-31
may26.option-exercise-sharesOrdinary shares issued on option exercise

10000000 pre-consolidation shares

2026-05-19
may26.option-exercise-priceOption exercise price

0.015 AUD per pre-consolidation share

2026-05-19
jul26.rights-lapsedPerformance rights lapsed

19227171 pre-consolidation rights

2026-06-30
jul26.rights-issuedPerformance rights issued

6000000 pre-consolidation rights

2026-07-17
jun26.cash-equivalentsCash and cash equivalents

3135000 AUD

2026-06-30
jun26.term-depositsTerm deposits over three months available on call

27000000 AUD

2026-06-30
jun26.total-liquidityTotal cash position including term deposits

30135000 AUD

2026-06-30
jun26.debtBorrowings

0 AUD

2026-06-30
jun26.heemskirk-resource-tonnesHeemskirk total mineral resource tonnage

13360000 tonnes

2026-07-02
jun26.heemskirk-resource-gradeHeemskirk total mineral resource tin grade

0.86 percent tin

2026-07-02
jun26.heemskirk-contained-tinHeemskirk contained tin

115300 tonnes tin

2026-07-02
jun26.heemskirk-indicatedHeemskirk indicated resource

8310000 tonnes at 0.87% tin containing 71,930 tonnes tin

2026-07-02
jun26.heemskirk-inferredHeemskirk inferred resource

5000000 tonnes at 0.86% tin containing 43,400 tonnes tin

2026-07-02
jun26.st-dizier-resourceSt Dizier mineral resource

2260000 tonnes at 0.61% tin containing 13,800 tonnes tin

2014-03-12
jun26.met-recoveryOre-sorted Queen Hill tin recovery pathway

70 percent, greater than

2026-04-22
jun26.concentrate-gradeSaleable tin concentrate grade range

42-49 percent tin

2026-04-22
jun26.pfs-targetPFS anticipated reporting period

Q3 2026 None

2026-07-22
jun26.placementCompleted placement proceeds

22100000 AUD gross

2026-05-04
jun26.lme-tin-closeLME spot tin quarter-end close

51100 USD per tonne tin

2026-06-30
jun26.exploration-spendQuarterly exploration and evaluation expenditure

1901000 AUD

2026-06-30
jun26.comstock-consentComstock-adjacent mining licence application consent

True None

2026-06-30
jun26.metals-x-placementMetals X strategic placement proceeds

17000000 AUD

2026-05-04
jun26.metals-x-boardMetals X nominee board right

True None

2026-05-17
jun26.offtake-discussionsPreliminary non-binding concentrate offtake discussions

True None

2026-06-30
consolidation.ratioCapital consolidation ratio

10 old securities per new security

2026-07-24
consolidation.sharesPost-consolidation ordinary shares

339148591 ordinary shares

2026-07-24
consolidation.optionsPost-consolidation options

7250000 options

2026-07-24
consolidation.rightsPost-consolidation performance rights

9499821 performance rights

2026-07-24
aug26.avebury-discussionsAvebury discussions continue under prior MOU

True None

2026-08-05
aug26.pfs-targetPrefeasibility study target window

second half of 2026 None

2026-08-05
price.closeClosing price

0.395 AUD per ordinary share

2026-09-25
price.volumeTrading volume

671616 shares

2026-09-25
aug26.shares-issuedPost-consolidation ordinary shares issued on option exercise

875000 shares

2026-08-14
aug26.total-sharesOrdinary shares on issue after quotation

340023591 shares

2026-08-14
aug26.exercise-priceOption exercise price

0.3 AUD per share

2026-08-14
Conflicts 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.