Stellar Resources (ASX:SRZ) has upgraded its total mineral resource estimate (MRE) for the Queen Hill deposit within the Heemskirk Tin Project in Western Tasmania by 41%.
Queen Hill has updated its total resource to 4.11 million tonnes @ 0.85% tin for 34,900 tonnes of contained tin, as well as an increase to its indicated resource by 46%.
The indicated resource is 2.26 million tonnes @ 0.94% tin for 21,190 tonnes of contained tin.
The greater Heemskirk Project now hosts an upgraded total resource of 9.5 million tonnes @ 0.93% tin for 88,100 tonnes of contained tin.
Stellar expects the project’s resource to continue to grow with an updated resource estimate due for the Severn deposit in the next quarter.
Across the Heemskirk Project and nearby St Dizier satellite deposit, Stellar hosts a mineral resource inventory base of more than 100,000 tonnes of contained tin.
Meanwhile, Stellar also expects to return a Prefeasibility Study in the June quarter 2026.
Managing Director Simon Taylor says the company has hit a “major milestone” for the Heemskirk Project by hitting over 100,000 tonnes of contained tin.
“The project continues to demonstrate its outstanding high-grade characteristics, allowing us to optimise our resource models to capitalise on the prevailing strength of global tin prices,” Taylor says.
“With the Severn MRE update due next quarter, we are confident our total inventory will continue to expand in both total size and indicated category tonnes.
“All of these factors are coming together to form a high-value resource base for our upcoming Prefeasibility Study on track for completion in the first half of 2026.”
Trading Economics reports the price of tin at US$45,640 per tonne, representing a 36.66% increase for this year over year.
Stellar Resources is focused on developing tin projects in stable tier one mining friendly jurisdictions.
Write to Maddison Elliott at Mining.com.au
Images: Stellar Resources
