New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 34% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.0m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m (AU$215k revenue, or US$156k). Market cap is less than US$10m (AU$9.68m market cap, or US$7.02m). Annuncio • Oct 02
Stelar Metals Limited, Annual General Meeting, Nov 24, 2025 Stelar Metals Limited, Annual General Meeting, Nov 24, 2025. New Risk • Sep 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.4m free cash flow). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$322k revenue, or US$213k). Market cap is less than US$10m (AU$4.45m market cap, or US$2.94m). New Risk • Sep 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.81m market cap, or US$2.51m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.31m market cap, or US$2.17m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Will Dix was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 02
Stelar Metals Limited, Annual General Meeting, Nov 20, 2024 Stelar Metals Limited, Annual General Meeting, Nov 20, 2024. New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.4m free cash flow). Revenue is less than US$1m (AU$140k revenue, or US$96k). Market cap is less than US$10m (AU$5.40m market cap, or US$3.73m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Recent Insider Transactions • Aug 08
Non-Executive Chair recently bought AU$53k worth of stock On the 5th of August, Stephen Biggins bought around 755k shares on-market at roughly AU$0.071 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$82k worth in shares. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$4.45m market cap, or US$2.89m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.21m market cap, or US$3.40m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.66m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$14.6m market cap, or US$9.66m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Annuncio • Dec 19
Stelar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.014001 million. Stelar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.014001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,546,670
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing Board Change • Nov 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Executive Chair Stephen Biggins is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 12
Stelar Metals Limited, Annual General Meeting, Nov 29, 2023 Stelar Metals Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider the re-election of Directors. New Risk • Sep 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$17.9m market cap, or US$11.6m). New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.9m market cap, or US$8.63m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Recent Insider Transactions • Apr 14
Non-Executive Chair recently bought AU$66k worth of stock On the 13th of April, Stephen Biggins bought around 300k shares on-market at roughly AU$0.22 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$106k. Stephen has been a buyer over the last 12 months, purchasing a net total of AU$172k worth in shares. Recent Insider Transactions • Mar 31
Non-Executive Chair recently bought AU$106k worth of stock On the 29th of March, Stephen Biggins bought around 500k shares on-market at roughly AU$0.21 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Annuncio • Jan 10
Stelar Metals Limited Announces Expanded Surface Footprint Confirmed At Stelar Metals' Linda Zinc Project Stelar Metals Limited has received multiple new laboratory rock-chip assays confirming a broad area of high-grade zinc mineralisation at its 100%-owned Linda Zinc Project in South Australia. Stelar has five projects that are 100% owned by Stelar Metals and are located in South Australia's premier world class exploration and mining district. Stelar announced in November 2022 that its extended soil sampling over the broader Linda region had more than doubled the size of the coherent Linda surface footprint to over 600m x 300m area. New, additional, laboratory assay results of surface rock-chip samples taken across the expanded area confirm the presence and distribution of high-grade zinc mineralisation with 24 out of 48 new samples returning over 5% zinc assays. Multiple surface rock-chip samples have now returned over 20% zinc across the length and breadth of the anomaly reflecting the significance of the zinc mineralisation distribution at Linda. Further detailed mapping to optimise drill program design is planned for early 2023 alongside additional surface sampling programs. The sampling will focus on areas outside of the main Linda Prospect that have been recently discovered by Stelar including at the contact with the Linda Breccia; to the west of Linda where stratigraphic contacts contain visible mineralisation; and to the south in NeoProterozoic units of Wonoka Formation carbonates. Land access negotiation is also progressing with plans to commence drilling at Linda as soon as possible in 2023. Annuncio • Nov 29
Stelar Metals Limited Announces That Granted El 6863 over Historic Baratta Copper Mine Stelar Metals Limited has been granted Exploration Licence 6863 (EL 6863) for an initial 6-year term over the historic Baratta Copper Mine, immediately adjacent to the Company's recently granted Baratta Project EL 6803. The historic Baratta Copper Mine produced copper ore between 1896 and 1904 from a zone of workings 1.5km long in a structure that is interpreted to control copper mineralisation. This mineralised horizon, recognised as aflat-dipping quartz-haematite gossan, also extends for several kilometres into Stelar's adjacent EL 6803 recognised by numerous shallow workings. A sample of discarded ore in one shallow pit of brecciated quartz-siderite-haematite with oxidised copper minerals recorded 36% Cu and 478g/t Ag using Stelar's portable XRF. Previous broad spaced soil sampling at Baratta has identified multiple copper anomalies indicating the potential for additional parallel repeats in this highly anomalous copper area. Historical records show that no drilling has been undertaken to test, either the Baratta Mine or the along strike extensions. Stelar believes that this area warrants further investigation given the extent of the surface copper anomalism and its position relative to the underlying geophysical targets. Stelar has commenced initial work programs on the granted Baratta Exploration Licence, which include geological mapping, soil sampling and rock-chip sampling focusing on the Tindelpina Shale Member and the diapiric structures to refine targets for future drill testing. Stelar will also evaluate the rare earth element mineral potential of this project.Geophysical Reprocessing Reprocessing of the historical geophysical datasets over the Baratta Project has been completed by David McInnes of Montana Geoscience. The reprocessed historic datasets define a strong magnetic complex which runs along an east-west axis through the newly granted tenement with high-density gravity bodies projecting upwards out of the upper surfaces of the modelled magnetic anomaly. The radiometric datasets, which delineate geology and structure well, demonstrate the folded stratigraphy encompasses the magnetic anomaly. A potassium-uranium enriched, and thorium depleted regional structure that incorporates the Bibliando Diapir,strikes north-south and cuts across the nose of folded Wilyerpa Formation . The Bibliando diapir extends north-south for 5 kilometres but is only ~400m wide in a structurally complex zone. Panda Mining recognised at least 3 phases of intrusion with a central core of massive silicification surrounded by kaolinized polymict brecciation with a dominant dolomite rock type with pods of calcite and barite. Panda interpreted that the diapir was an evolved carbonatite intrusive containing several large insitu gossans after sulphides which were anomalous in copper and phosphorous. Panda Mining's two Gradient Array Induced Polarisation (GAIP) surveys collected in 2014, comprising 314-line kilometres has been translated, recompiled, and extensively corrected. The northern survey which extends over much of EL 6863 including the Baratta Copper Mine displays strong chargeable zones which parallel the trend of stratigraphy and the trend of surface copper mineralisation. The historic mine workings correspond directly with a discrete chargeable zone as do the mineralised extensions which subcrop on EL 6803 to the northeast where Stelar collected the 36% Cu rock-chip sample. The strongest chargeable zone is however along strike from the historic mine workings to the west which appears not to have been worked or tested. This warrants further investigation. The southern GAIP survey area over the Bibliando Diapir displays a strong north-south trend with a pronounced change in resistivity amplitude either side of the regional structure and further map the cross-cutting structures. Annuncio • Nov 15
Stelar Metals Limited Receives Multiple New Laboratory Assays Confirming High-Grade Zinc Mineralisation on Surface at its 100%-Owned Linda Zinc Project in South Australia Stelar Metals Limited has received multiple new laboratory assays confirming high-grade zinc mineralisation on the surface at its 100%-owned Linda Zinc Project in South Australia. Stelar has five projects that are 100% owned by Stelar Metals and are located in South Australia's premier world class exploration and mining district. Multiple high-grade rock-chip samples assaying in laboratory up to 42% zinc (sample 3006) were collected by Stelar from outcrops across the Linda Prospect and the area to the west of Linda where outcrops responded positively to the presence of high-grade zinc using a wet-chemical zinc-zap test. A high proportion (21 out of 46 total) of samples collected during the recent surface rock chip sampling program assayed over 1% zinc reflecting the significant distribution of zinc mineralisation at Linda. Stelar recently announced it extended the soil sampling coverage across the broader Linda region which has doubled the size of the coherent Linda surface footprint which now extends over 600m x 300m area with portable XRF results soil results up to 0.7% Zn. Additionally, several areas outside of the Linda Prospect that returned strong zinc anomalism have been discovered including at the contact with the Linda Breccia; to the west of Linda where stratigraphic contacts contain visible mineralisation; and to the south in NeoProterozoic units of Wonoka Formation carbonates. Field work at Linda has also included new geological mapping which has better resolved the structural architecture and the lithofacies distribution. Follow up detailed mapping to optimise drill program design is planned in the coming months alongside additional soil and rock ship sampling programs. Land access negotiation is also advancing with plans to commence drilling at Linda as soon as possible in 2023. Linda Zinc Assays: An additional 42 rock-chip samples were analysed by Intertek Laboratory in Adelaide for multi-element geochemistry using four-acid total-digest and ICP-MS and ICP-OES for 60 elements including REE. Stelar included 3 certified high-zinc standards in sequence and the laboratory's internal QAQC reported results of checks, blanks and 13 certified standards. The magnitude of the rock-chip assay results at Linda are comparable to direct-shipping ore grades. Zinc mineralisation at surface occurs as smithsonite, a zinc carbonate mineral, that develops as a weathering product of sphalerite (zinc sulphide mineral) which was confirmed at depth in BHP's historic diamond drilling. The mineralisation is hosted in karst developed in Cambrian limestone grainstone units associated with dolomitization alteration. The highly anomalous, but lower tenor (0.5-5% zinc), rock-chip samples which extend to the west of Linda, correspond to abundant limestone outcrops interbedded with mudstones that consistently respond positively to positive wet-chemical zinc-zap tests over 500m strike length. Next Steps: Subsequent field work over the coming months will continue to extend the surface sampling coverage and validate the newly discovered areas. Areas A, B and C: Detailed mapping of the Cambrian limestones and structure by research fellows from Adelaide University to optimise the positioning of future drill holes. Additionally, rockchip samples will be taken to verify the anomalous soil results. Areas D and E: Both Linda West and Wonoka are open in several directions. Additional soils and rock-chip sampling will be collected to progress these target areas. Stelar continues negotiating a Native Title Management Agreement with the Traditional Owners and once agreed will commence Heritage Clearance Surveys and seek drilling approval from the South Australian regulators. Annuncio • Nov 10
Stelar Metals Limited Receives Laboratory Assay Results from Its Inaugural Diamond Hole Stelar Metals Limited has received the laboratory assay results from its inaugural diamond hole (EVE002) which tested part of the large gravity anomaly at its 100%-owned Evelyn Dam IOCG Project in South Australia. EVE002 was collared on 12 July 2022 and was completed at 1,578.9 metres depth on 7th August 2022. The hole successfully tested the target gravity anomaly as planned and encountered remarkable geology including volcanic breccias with variable haematite-silica, sericite-chlorite and carbonate-fluorite alteration assemblages through the target zone typical of potential IOCG alteration. Four zones of noteworthy geology, including representative sections of the mafic dyke and three volcanic breccia zones were cut to generate 91 original samples for multi-element geochemistry using four-acid total-digest and ICP-MS and ICP-OES for 60 elements by Intertek Laboratory in Adelaide. Elevated levels of light rare earth elements including caesium, lanthanum and yttrium were noted in the volcanic breccia units in the target zone from 1,346m depth. However, the base metals assays were not significant. Elevated REE levels are a signature of large-scale IOCG ore bodies and alteration systems like Olympic Dam and Carrapateena also located in the Gawler Craton in SA. Stelar Metals will now undertake a review of the geophysical models and prospectivity at Evelyn Dam. Given previous major mining company investment in the Evelyn Dam project historically by BHP and Rio, Stelar will consider looking for a joint venture partner prior to advancing the Project further. Stelar Metals is concurrently reviewing and undertaking due diligence on a number of new Australian critical metal projects with a focus on lithium, uranium and zinc to add the Company's project portfolio. Annuncio • Nov 02
Stelar Metals Receives New Laboratory Assays that Double the Size of the Zinc Soil Anomaly Target At Its 100%-Owned Linda Zinc Project in South Australia Stelar Metals Limited has received new laboratory assays that double the size of the zinc soil anomaly target at its 100%-owned Linda Zinc Project in South Australia. Stelar has five projects that are 100% owned by Stelar Metals and are located in South Australia's premier world class exploration and mining district. Stelar has extended the soil sampling coverage across the broader Linda region and has doubled the size of the coherent Linda surface footprint which now extends over 600m x 300m area with portable XRF results soil results up to 0.7% Zn (sample L066). Additionally, several areas outside of the Linda Prospect have returned strong zinc anomalism have been discovered including at the contact with the Linda Breccia; to the west of Linda where stratigraphic contacts contain visible mineralisation. Field work at Linda has also included new geological mapping which has better resolved the structural architecture and the lithofacies distribution. Multiple rock-chip samples were collected by Stelar from outcrops across the Linda Prospect and an area to the west of Linda where outcrops responded positively to the presence of high-grade zinc using a wet-chemical zinc- zap test. Assays from these surface rock-chip sampling programs are expected to be reported shortly. Along with upcoming assays results, follow up detailed mapping to define drill targets and optimise drill program design is planned in the coming months. Land access negotiation is also advancing with plans to commence drilling at Linda in 2023. Annuncio • Oct 27
Stelar Metals Limited Confirms Multiple Targets At Baratta Copper Project Stelar Metals Limited has completed a review and an initial reconnaissance visit to the recently granted Baratta Exploration Licence EL 6803 and historical workings at the Baratta Copper mine located on its new Application ELA 2022/00074. The Baratta Copper Project located in northern South Australia, is considered prospective for sediment-hosted copper and Rare Earth Element (REE) mineralisation. This prospectivity is also supported by the recent copper and significant REE discoveries made by Taruga Minerals at Wyacca, Morgan's Creek and other prospects, directly west along strike from Stelar's tenure. Baratta is one of five highly prospective battery metal projects the Company intends to explore, committing to an aggressive exploration program in this world-class mining district. Baratta Geological Setting: The Baratta tenement is located within the northern part of the Nackara Arc within the Adelaide Rift Complex. It incorporates diapiric Callanna Group sediments intruding Tapley Hill Formation between a large elongate domal anticline to the west and the Bibliando Dome to the east. The base of the Tapley Hill Formation includes the Tindelpina Shale Member which hosts significant copper mineralisation at Wyacca which is about 15km west of the Baratta tenement. Baratta Copper Mine: The historic Baratta Copper Mine on Stelar's ELA produced high-grade copper ore between 1896 and 1904 from a zone of workings 1.5km long on the northern limb of the Bibliando Dome. This mineralised horizon, recognised as a flat-dipping quartz-haematite gossan, extends for several kilometres into EL 6803 recognised by numerous shallow workings. A sample of discarded ore in one shallow pit, comprising brecciated quartz-siderite-haematite with oxidised copper minerals recorded 36% Cu and 478g/t Ag using Stelar's portable XRF. Panda Mining's broad spaced soil sampling identified multiple copper anomalies indicating the potential for additional parallel repeats in this highly anomalous copper area. Historical records show that no drilling has been undertaken to test, either the Baratta Mine or the along strike extensions. Stelar believes that this area does warrant further investigation given the extent of the copper anomalism and its position relative to the underlying geophysical bodies. Bibliando Diapir: The Bibliando diapir extends north-south for 5 kilometres but is only ~400m wide in a structurally complex zone. Panda Mining's mapping and rock-chip sampling recognised at least 3 phases of intrusion with a central core of massive silicification surrounded by kaolinized polymict brecciation with a dominant dolomite rock type with pods of calcite and barite. Panda interpreted that the diapir was an evolved carbonatite intrusive. Panda discovered several large insitu gossans after sulphides in the diapir which were anomalous in copper and phosphorous. Panda concluded that this diapir was prospective for copper and REE mineralisation and planed drilling however open file reports indicate that no further work was done after 2012 aside from the collection of IP data in 2015 shortly before the tenure holding was relinquished. Winowarta Diapir: Stelar believes the Windowarta Diapir and its surrounding Tapley Hill sediments have potential to host REE metals as the geological setting is similar to that of Taruga's Morgan Creek REE project. Stelar has recalibrated its new Niton portable XRF to include a REE suite of elements and is currently undertaking orientation work to devise an optimal sampling methodology to better evaluate the potential of this and other diapirs in the Flinders Ranges. There are several additional recorded mineral occurrences on the Baratta Project such as copper-cobalt at Lone Pine and silver at Baratta Springs which still require follow-up. On the foothill slopes of the northern part of EL 6803, Panda Mining discovered a broad lead-zinc anomaly during their initial soil sampling program in 2008 at Valley View. Exploration Models: Stelar considers that several exploration models are valid for the project area. The Adelaidean sequence is prospective for Zambian-style SHCDs (sediment-hosted copper deposit), Rare Earth Element (REE) mineralisation as well as zinc-lead mineralisation. The prospectivity for SHCD mineralisation is supported at a large scale by comparison of the geological and geodynamic setting between the Adelaidean and the Copperbelt. At a smaller scale, Stelar has noted the adjacent discoveries by Taruga Minerals of significant REE as well as copper mineralisation directly along strike at Wyacca hosted in the Tapley Hill Formation. The prospectivity for Beltana-Kipushi type mineralisation is supported regionally by examples of this style of mineralisation in the Beltana-Aroona district in the northern Flinders Ranges. This style of mineralisation represents an excellent target type for copper, zinc and lead, with potentially high grade and significant depth extent. Mineralised systems of this type are expected to have a small lateral footprint but can be recognised by distinctive alteration and geochemistry. The initial focus will be on the Windowarta Diapir undertaking soil and rock-chip samples along with geological mapping whilst the geophysical reprocessing is finalised over the Baratta Copper and Bibliando Diapir target areas. Systematically, the Baratta Copper and Bibliando Diapir will be sampled and mapped with the aim of generating prioritised drill targets for the Baratta Project. Stelar Metals has commenced discussions with the Traditional Owners and once agreed will commence Heritage Clearance Surveys and seek drilling approval from the South Australian regulators. Annuncio • Oct 12
Stelar Metals Limite Lodges A 47Km2 Exploration Licence Application (Ela 2022/00074) with the South Australian Government Covering the Historic Baratta Copper Mine Area, Immediately Adjacent to Its Recently Granted Baratta Project El 6803 Stelar Metals Limite has lodged a 47km2 Exploration Licence Application (ELA 2022/00074) with the South Australian Government covering the historic Baratta Copper Mine area, immediately adjacent to its recently granted Baratta Project EL 6803. Baratta, located in northern South Australia, is considered prospective for both Zambian-style Sediment-hosted copper and Rare Earth Element (REE) mineralization. The historic Baratta Copper Mine, produced copper ore between 1896 and 1904 from a zone of workings 1.5km long on the northern limb of the Bibliando Dome. The same structure that is interpreted to control copper mineralization at the Baratta mine is exposed over a significant strike length in the eastern part of Stelar's granted Baratta tenement EL 6803 and is considered prospective for copper, lead and zinc. The Baratta Copper Project is underlain by rocks of the Adelaide Fold Belt that share important geological characteristics with the Central African Copperbelt. Stelar recognizes the potential for Zambian-style copper mineralization (sediment-hosted copper deposit - SHCD) as well as REE, which is also supported by the recent copper and REE discoveries made by Taruga Minerals at Wyacca and other prospects, directly west along strike from Stelar's tenure. Baratta is one of five highly prospective battery metal projects the Company intends to explore, committing to an aggressive exploration program in this world-class mining district. The Baratta tenement is located within the northern part of the Nackara Arc within the Adelaide Rift Complex. It incorporates diapiric Callanna Group sediments intruding Tapley Hill Formation between a large elongate domal anticline to the west and the Bibliando Dome to the east. The base of the Tapley Hill Formation includes the Tindelpina Shale Member which hosts significant copper mineralisation at Wyacca which is about 15km west of the Baratta tenement. The outcropping segment of folded low metamorphic-grade sedimentary strata spans the Yudnamutana to Upalinna Subgroups. Based on nearby drillholes, Adelaidean strata is >1km thickness in the tenement. The total thickness of Adelaidean sediments in the Adelaide Rift Complex is estimated to be >10km (GA, Australian Stratigraphic Units Database). The Baratta Mine area is also underlain by a large gravity anomaly which relates to the underlying basement geology beneath the Adelaidean Cover. The historic Baratta Mine area was explored by various companies during the 1960's and 1970s including Cominco, PetroCarb, North Broken Hill and Western Mining, who undertook various geophysical surveys and limited drill testing. More recently Minotaur Resources, which adopted a IOCG target model between 1996 to 2001, collected high-resolution geophysics and completed a single deep diamond hole to 753.3m depth, and eight reverse circulation (RC) holes into the Bibliando prospect on ELA 2022/00074. Evidently this drilling failed to test Minotaur's basement IOCG target beneath the Adelaidean sequences, but interestingly returned significant intersections of zinc anomalism at shallower depths. Panda Mining Pty Ltd. (Panda) explored the broader Baratta area from 2007 to 2016. Soil sampling using handheld XRF over several grids detected copper-cobalt anomalism northeast along strike of the historic Baratta Copper Mine. Mapping over the Baratta Copper Prospect area indicated copper was hosted by a 1m-wide flat-dipping quartz-haematite gossan that was semi-continuous over 1.5km of strike length. 200m spaced rock-chip sampling over the Bibliando Diapir located diapiric gossans with copper mineralisation and highly sulphidic quartz veining. In May 2010, a detailed airborne magnetic and radiometric survey was flown on 100m-spaced flight lines and in 2014, an intermediate gradient IP survey was undertaken over a 64km2 grid with a station spacing of 40m by 200m spaced traverses which also extended over parts of the new tenement application. Stelar considers that several exploration models are valid for the project area. The Adelaidean sequence is prospective for Zambian-style SHCDs (sediment-hosted copper deposit), Rare Earth Element (REE) mineralisation as well as zinc-lead mineralisation such as Beltana in South Australia. Beltana is a very high-grade willemite deposit associated with a halokenetic structure (salt diapir) and shares key features with the large and high-grade Kipushi deposit in the Central African Copperbelt. The prospectivity for SHCD mineralisation is supported at a large scale by comparison of the geological and geodynamic setting between the Adelaidean and the Copperbelt. At a smaller scale, Stelar has noted the adjacent discoveries by Taruga Minerals of significant REE as well as copper mineralisation directly along strike at Wyacca ASX announcement, TAR, 30 August 2021), hosted in the Tindelpina Shale Member of the Tapley Hill Formation. The prospectivity for Beltana-Kipushi type mineralisation is supported regionally by examples of this style of mineralisation in the Beltana-Aroona district in the northern Flinders Ranges. Locally, the Baratta mine is hosted close to a diapiric structure which extends into the Baratta tenement. This style of mineralisation represents an excellent target type for copper, zinc and lead, with potentially high grade and significant depth extent. Mineralised systems of this type are expected to have a small lateral footprint but can be recognised by distinctive alteration and geochemistry. Large gravity and coincident magnetic anomalies under the Baratta Mine Application have historically been the focus of previous explorers such as Minotaur who considered them to be potentially related to Olympic Dam style IOCG targets. The potential for Rare Earth Elements (REE) associated with ionic absorption clays and the diapiric systems is an additional exploration model that will routinely be evaluated by Stelar Metals. Stelar will start initial work programs on the granted Baratta Exploration Licence this week, which will include geological mapping, soil sampling and rock-chip sampling focusing on the Tindelpina Shale Member and the diapiric structures to refine targets for future drill testing. Stelar will also evaluate the rare earth element mineral potential of this project. The available existing geophysical datasets are also being compiled and reprocessed to assist in determining geology and the structural architecture as well as target generation for future drill programs. Annuncio • Oct 11
Stelar Metals Limited, Annual General Meeting, Nov 29, 2022 Stelar Metals Limited, Annual General Meeting, Nov 29, 2022. Agenda: To consider the re-election of Directors. Annuncio • Sep 30
Stelar Metals Limited Announces the Resignation of Jack Rosagro as Joint Company Secretary Stelar Metals Limited announced that Mr. Jack Rosagro has resigned as Joint Company Secretary with Mr. Nick Harding now continuing as the sole Company Secretary of the Company. Annuncio • Aug 26
Stelar Metals Limited Announces Drilling Completed At Evelyn Dam Stelar Metals Limitedhas completed its inaugural diamond hole (EVE002) to test a large gravity anomaly at its 100%-owned Evelyn Dam Iron Oxide Copper Gold (IOCG) Project in South Australia. EVE002 was collared on 12 July 2022 and was terminated at 1,578.9 metres depth on 7th August 2022. The hole has successfully tested the target gravity anomaly as planned and encountered interesting geology including volcanic breccias with variable haematite-silica, sericite-chlorite and carbonate-fluorite alteration assemblages through the target zone typical of IOCG alteration. Stelar contracted Titeline Drilling Pty Ltd. to drill EVE002. PQ core was drilled from surface to 121.9m depth at -60 dip projecting under Lake MacFarlane. Rotary mud drilling was pushed down to 329.8m depth but resulted in the hole moving ~15° off azimuth and dropping ~6°. HQ3 core drilling was pushed down to 792.3m. To correct the hole's direction, navi-drilling was undertaken to 856.6m depth which successfully reorientated hole back towards the target zone. NQ2 core was continued to the termination depth at 1,578.9m. The recovery was >99% and the hole was completed on budget. Annuncio • Aug 03
Stelar Metals Limited Receives Laboratory Assays and Petrological Report Confirming High-Grade Zinc Mineralisation on the Surface Stelar Metals Limited has received laboratory assays and a petrological report confirming high-grade zinc mineralisation on the surface at its 100%- owned Linda Zinc Project in South Australia. High-grade rock-chip samples assaying 16.5% Zn & 1% Pb (sample L00166) and 14.1% Zn & 8.5% Pb (sample L00167) were collected by Stelar from outcrop at the Linda Prospect in May 2022. Stelar's first soil geochemical survey in May also identified a large coherent zinc soil anomaly that extends 300m x 250m with values up to 0.7% zinc and up to 675ppm lead in soils which remains open to the south and north (SLB ASX Announcement: 3rd June 2022). The location of these newly identified surface mineralisation and soil data reinforces that the historic BHP drilling did not adequately test the mineralisation potential of the Linda Prospect. Given there is visible sphalerite mineralisation in the historic core, the surface expression of this mineralisation recently identified by Stelar has weathered to zinc-carbonate and oxide species as observed. CSA Global's recent field work and report commissioned by Stelar confirmed that the geological setting at Linda is considered highly prospective for economic carbonate-hosted zinc. CSA's study reports that the Linda Project has elements of Irish Type and MVT mineralisation styles and that the geological setting strongly supports the view that the area is prospective for Kipushi-Beltana Type mineralisation. Linda Zinc is one of five highly prospective copper and zinc projects the Company is advancing in this world-class mining district. Field work to follow-up up these excellent early results is already underway at Linda. Mapping, soil and rock ship sampling programs are being implemented to expand and define mineralisation at Linda and examine untested diapiric breccia and structural zones that are potentially important in controlling mineralisation. Land access process is being advanced with plans to commence drilling at Linda during Fourth Quarter 2022. Petrological and XRD studies have determined that the primary limestones at Linda have been fractured and infiltrated by CO2-S-Pb-Fe-Zn fluids depositing galena and sphalerite mineralisation. Subsequent weathering in the near surface environment, produced new zinc and lead carbonate species including smithsonite (ZnCO3) >> cerussite (PbCO3) > hydrozincite (Zn5(CO3)2(OH)6) and hydrated iron-oxides. Smithsonite was observed completely replacing galena grains and the iron-oxides. XRD confirmed dolomite >> calcite and smithsonite >>cerussite and hydrozincite. Intertek laboratory in Adelaide undertook multi-element geochemistry on portions of the same two rock-chip samples using four-acid digest and ICP-MS and ICP-OES for 60 elements and gold by 25g fire-assay. A full set of results are included in Appendix 1. The laboratory's internal QAQC reported results of checks, blanks and 13 certified standards. Annuncio • Jul 28
Stelar Metals Progresses Drilling At Evelyn Dam IOCG Project Stelar Metals Limited provided an update on drilling to test a large gravity anomaly at its 100%-owned Evelyn Dam Iron Oxide Copper Gold (IOCG) Project in South Australia. EVE002 was collared on 12 July 2022 and is on track for completion in 2-4 weeks' time. There were some initial delays, with navi-drilling required to reorientate the hole back towards the target gravity anomaly. Recovery has been more than 99%, which reflects the good, hard competent ground which geologically has been very similar to EVE001 through the current drilled zone. Stelar contracted Titeline Drilling Pty Ltd. to drill EVE002. PQ core was drilled from surface to 121.9m depth at -60 dip projecting under Lake MacFarlane. Rotary mud drilling was pushed down to 329.8m depth but resulted in the hole moving ~15 off azimuth and dropping ~6. HQ3 core drilling was pushed down to 792.3m. To correct the hole's direction, navi-drilling was undertaken to 856.6m depth which successfully reorientated hole back towards the target zone. NQ2 core is currently being drilled with the hole depth ~1,100m depth. Stelar will continue to monitor the hole orientation and intersperse NQ2 and navi correction as needed to hit the outer edge of the modelled target at ~1,200m depth with the centre of the target being ~1,500m drilled depth. Annuncio • Jun 17
Stelar Metals Limited Appoints Nick Harding as Joint Company Secretary Stelar Metals Limited announced that Mr. Nick Harding has been appointed as Joint Company Secretary, effective 17th June 2022. Nick is a qualified accountant, company secretary and finance professional with over 30 year's experience working in the resources industry. After previously holding senior finance roles with WMC Resources, Normandy Mining and Newmont Australia, Nick has for the past 15 years provided consulting finance and company secretarial services to a number of ASX listed junior explorers and developers, the most recent being Andromeda Metals Limited. Mr. Jack Rosagro will continue to act as Joint Company Secretary of the Company. Annuncio • Jun 07
Stelar Metals Limited Announces Drilling Starts at Evelyn Dam Iron Oxide Copper Gold Target Stelar Metals Limited announce it has commenced the inaugural diamond drilling program at the Evelyn Dam Iron Oxide Copper Gold Project in South Australia's highly prospective Gawler Craton. Evelyn Dam is one of the largest untested gravity anomalies on the Gawler Craton. The drilling program will run from early June to mid-July and will initially comprise a single deep diamond hole to a nominal depth of 1500m. The drilling campaign is estimated to take 6 weeks, then the core will be processed on site and shipped to Euro Exploration's Adelaide facility for core-cutting and sampling. The drill assay results are expected within 2-months following submission to the laboratory, during Third Quarter 2022. Evelyn Dam is one of the largest untested IOCG gravity anomalies on the Gawler Craton. Reprocessing of the gravity and magnetic datasets indicate this project has the potential to be a large Olympic Dam style IOCG (iron- oxide copper gold) target and is therefore worthy of deep drill testing. Australia's major copper mining companies have made discoveries leading to mining a number of large-scale economic IOCG orebodies the Gawler Craton in South Australia where Stelar's Evelyn Dam IOC Project is located. Two-thirds of Australia's copper production is derived from the Eastern Gawler Craton in South Australia from large-scale IOCG deposits operated by BHP and Oz Minerals. The Evelyn Dam Project was previously owned by BHP who relinquished the tenure after completing only geophysical surveys and did not undertake any drilling. After BHP, Rio Tinto joint ventured into the Evelyn Dam Project prior to Stelar Metals purchasing 100% of the Project by as part of its recent IPO. Evelyn Dam's 8 mGal gravity anomaly has recently been reprocessed and 3D-inversion modelled by David McInnes of Montana Geoscience. The refined modelling, defines a large, dense body that is 5km in diameter at depth with a pronounced and much shallower peak rising up on its western site to within range of being viably drill tested. Stelar Metals is focused on the discovery of critical metals with projects located in the world class mining region of South Australia. In addition to Evelyn Dam, Stelar Metals is planning upcoming work programs for all of its five exploration projects which includes the Linda Zinc Project, Torrens IOCG Project, Gunson Copper Project and Baratta Copper Project. Annuncio • Jun 04
Stelar Metals Limited Identifies High Grade Zinc Mineralisation At Multiple Locations At the 100% Owned Linda Zinc Project in South Australia Stelar Metals Limited announce high grade zinc mineralisation has been identified at multiple locations at the 100% owned Linda Zinc Project in South Australia. Linda Zinc is one of five highly prospective copper and zinc projects the Company intends to explore, committing to an aggressive exploration program in this world class mining district. Multiple high-grade zinc and lead anomalies have been recently identified within the Linda Project by Stelar Metals during the Company's first field campaigns during May 2022. High grade zinc mineralisation was confirmed at Linda by multiple analyses using a portable XRF and "zinc-zap" stain. XRF results included high-grade values between 10% and 25% in one outcrop that extended for several metres as well as additional high-grade readings were also returned for zinc and lead from several other locations. Simple "zinc-zap" chemical field tests also verified the presence of high-grade zinc mineralisation in outcrop. Stelar Metals' first soil geochemical survey has identified a large coherent zinc soil anomaly which extends 300m x 250m with values up to 0.7% zinc and up to 675ppm lead in soils. This anomaly remains open to the southeast and northwest. This survey was undertaken by over the Linda Project with 279 samples collected on nominal 10-20 metre centres and analysed using a portable XRF. Importantly, Stelar Metals has identified in the field the location of most of BHP's historic drill hole collars and recognise due to their shallow depth and orientation these holes were not adequately tested the main target of Linda. Annuncio • Apr 13
Stelar Metals Limited Commences Exploration At Linda Zinc Project in South Australia Stelar Metals Limited announced exploration has commenced on the 100% owned Linda Zinc Project in South Australia. Linda Zinc is one of five highly prospective copper and zinc projects the Company intends to explore, committing to an aggressive exploration program in this world class mining district. Initial reconnaissance activity by Stelar Metals is underway at Linda Zinc as satellite imagery has been acquired and processed by CSA Global using principal component and cluster analysis to define spectral anomalies. Resulting in a number of target areas across the project highlighted for ground truthing in the field in coming weeks. Mark Allen from CSA Global is a highly regarded expert in carbonate-hosted zinc mineralising systems and has been contracted to Stelar Metals for geological mapping, interpretation, and project planning at Linda Zinc. Mark will join Colin Skidmore for fieldwork and relogging of BHP's 1984 drill core located in the South Australian Core Library scheduled to commence in late April. A series of geological mapping, surface sampling and geochemical surveys are planned to commence shortly and continue over coming months in the lead up to the first drilling program by Stelar Metals on the Project later this year. In preparation for upcoming field geological and geochemical surveys at Linda Zinc, Stelar Metals has also organised the acquisition of high resolution orthoimagery and LiDAR to support the planned range of exploration fieldwork. Linda Zinc has a comparable geological setting to the high-grade copper-zinc mineralisation at Kipushi in the Central African Copper Belt and was previously explored by BHP in the 1980's following up anomalous stream-sediment anomalies. High-grade zinc and lead mineralisation at Linda is hosted within similar Cambrian limestone sequences as Perilya's Beltana Zinc Mine and the historic Third Plain zinc resource located only 10km along strike from Linda. In the mid 1980's BHP undertook geological mapping of the Linda Zinc. Visible base-metal mineralisation was mapped within the carbonate stratigraphy at surface in several locations. BHP followed up with 20 shallow RC holes averaging approximate 25m depth. Two deeper diamond holes were both drilled which both intersected sphalerite mineralisation. Photographs of core in historic open-file reports clearly indicate the presence of zinc sulphide mineralisation in the form of sphalerite. Importantly, Stelar has identified in the field that BHP's historic drill hole collars are some distance away and clearly did not test under the main targets. Subsequent soil surveys and mapping over the broader region by Perilya have also extended the areas of zinc anomalism and to the east of the main prospect have mapped zinc anomalism associated with the margins of a diapiric breccia resulting in multiple targets for further testing. 