SRZ 5.88% 1.6¢ stellar resources limited

Quiet, page-7

  1. 1,522 Posts.
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    We are looking all ripe either for production or T/O... according to the last q/r:

    Report for the quarter ended 31 March 2018 Highlights  All MLs covering Heemskirk tin assets now in place, securing exclusive tenure for 12 years  Good ore sorting results show 50% upgrade to Severn head grade with excellent tin recovery of 94%  Razorback EL sampling program across the tailings dam and mine pit floor recently completed Corporate
     Cash balance of $1.4m as at 31 March 2018  Rio Tinto ranks tin #1 in a survey of metals facing strong demand from new technologies – particularly electrical and energy storage uses  Myanmar tin exports decline, tightening the concentrate market in China  LME tin market also tight with price up by 2% to US$21,500/t and backwardation up from US$100/t to US$215/t since the end of March Targets for June Quarter 2018  Assay results and preliminary metallurgy on tin tailings from Razorback  Assay results from Razorback pit sampling and assessment of along strike and subsurface potential
    Managing Director Peter Blight said “Stellar’s high grade Heemskirk Tin Project achieved important milestones in March quarter. Awarding of a third ML secured tenure for 12 years and demonstrated the state’s backing of Stellar. Excellent ore sorting results highlighted the opportunity for further cost optimisation under the fast start development plan. And the addition of the Mt Razorback EL, with its historical tin production, added significant upside to Stellar’s Tasmanian tin assets.”
 
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