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Stellar Resources Limited ( (AU:SRZ) ) has issued an update.
Stellar Resources has completed the 100% acquisition of the Granite Tor Tin Project in northwest Tasmania after Mineral Resources Tasmania formally transferred the EL6/2023 exploration licence. The 122 km² Granite Tor area hosts the same style of Proterozoic basement and Devonian granites associated with the nearby Renison mine and Stellar’s Heemskirk Tin Project, strengthening the company’s geological footprint in the region.
With Granite Tor and the East Renison project, Stellar now controls more than 156 km² of ground in Tasmania’s key tin belt, providing a pipeline of potential development-stage projects to support future production at Heemskirk. The company plans soil and stream sampling followed by geophysics to refine drill targets, a step that could enhance its long-term production ambitions and consolidate its position in a world-class tin province.
The most recent analyst rating on (AU:SRZ) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Stellar Resources Limited stock, see the AU:SRZ Stock Forecast page.
More about Stellar Resources Limited
Stellar Resources Limited is an Australian tin exploration and development company listed on the ASX. The company is focused on advancing its Heemskirk Tin Project and associated exploration licences in Tasmania’s well-endowed tin province, aiming to build a pipeline of tin assets around existing regional mining infrastructure.
YTD Price Performance: 10.34%
Average Trading Volume: 8,701,875
Technical Sentiment Signal: Buy
Current Market Cap: A$86.63M
Learn more about SRZ stock on TipRanks’ Stock Analysis page.