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Stellar Resources Limited ( (AU:SRZ) ) just unveiled an update.
Stellar Resources Limited has made significant progress in its Heemskirk Tin Project, highlighted by a robust Prefeasibility Study and accelerated drilling activities. The company completed a record high-grade tin intersection at the Severn Deposit, surpassing previous mineral resource estimates, and signed a Memorandum of Understanding for the use of infrastructure at the nearby Comstock mine. Despite a stable cash position of $9.9 million, the December quarter saw a slight decrease in spot tin prices, reflecting broader market trends.
More about Stellar Resources Limited
Stellar Resources Limited operates in the mining industry, focusing on the exploration and development of tin resources. The company is primarily engaged in the Heemskirk Tin Project, which includes drilling, metallurgical test work, and ore sorting studies to advance its tin production capabilities.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $16.72M
Learn more about SRZ stock on TipRanks’ Stock Analysis page.
