Stellar Resources Limited provided details of its phase 2A drilling program underway at the company's Heemskirk Tin Project in Tasmania. The Phase 2A drilling program to comprise 6 inclined diamond holes for ~3,100m at Severn, the larger of the Heemskirk Tin Project deposits. Five of the planned drillholes are aimed at increasing the Severn Indicated Resource as a precursor to a pre-feasibility study (PFS) on the project.

The holes will target depths of ~280m to ~380m from surface (~450m average hole length) in areas where thicker and higher-grade tin mineralization are expected based on the resource model and existing drilling. The sixth hole (~900m length) is planned to test the large magnetic and approximately coincident conductive target to the south of the Severn deposit that was identified in modelling completed last November 1, 2021. This hole also passes through the projected position of the Severn deposit ~100m south of the defined resource.

The final hole in the phase 1 program, ZS148, is currently at a depth of 398m (vs 400m target EOH depth) and is nearing completion. Logging is underway with sulphide veining intersected and anomalous tin observed from portable XRF readings. Assay results expected in mid-May 2022.

The first phase 2A drillhole, ZS149 (ZS_2022_04), is currently at a depth of 465m (vs 440m target EOH depth) and is nearing completion. The hole has intersected sulphide veining and logging is yet to commence. Assay results expected in late-May 2022.