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Stellar Resources Limited ( (AU:SRZ) ) has provided an announcement.
Stellar Resources has secured consent from Australian Hualong Pty Ltd to apply for a mining licence over land adjacent to its Heemskirk Tin Project, identified as the preferred location for a tailings storage facility following assessment of more than 22 potential sites by engineering and environmental consultants. The company will incorporate this proposed tailings facility into its ongoing prefeasibility study, while separately assessing the nearby Avebury nickel plant as a possible processing route, moves that collectively advance Heemskirk towards development and could enhance project economics and infrastructure synergies as Stellar works to update resources and optimise its production case.
The most recent analyst rating on (AU:SRZ) stock is a Hold with a A$0.04 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 focused on advancing its Heemskirk Tin Project near Zeehan on Tasmania’s west coast. The planned underground operation aims to leverage Tasmania’s renewable grid power and existing regional infrastructure, positioning Stellar within the tin sector as it targets mid-scale, sustainably powered production from high-grade tin resources at Queen Hill and Severn.
Average Trading Volume: 8,578,068
Technical Sentiment Signal: Buy
Current Market Cap: A$97.46M
See more data about SRZ stock on TipRanks’ Stock Analysis page.