SRZ 0.00% 2.0¢ stellar resources limited

vast improvement

  1. 3,608 Posts.
    Thought the report was a vast improvement over previous efforts. You can tell someone has been at last listening to the criticisms and concerns about marketing.

    People mentioned the need the peer comparison highlighted so it was more easily understood how Stellar stood out as a bargain, done, they have empathised the local options over the treatment of ore after the subject was mentioned here and after a couple of questions about environmental objections covered that as well under social risks.

    Then they have included some nice technical detail and covered the tin market and mentioned Stellars other prospects.

    On top of that they have explained how the tin could be higher grade the deeper the get...

    Drilling will be on going to highlight the exploration upside and show that the tin mineralisation continues down to the interpreted granite contact. The focus will be on the high grade core, which continues at depth and Stellar will aim to prove the tin mineralisation originated from the granite contact (with particular focus on the Montana Fault). If this theory is correct, it will eventually lead to an increase in mineralisation widths and uplifts in the tin grade as drilling approaches the primary zone.


    The aim for Stellar Resources is to establish a tin deposit that warrants a standalone operation. Options such as treatment of ore at the Renison Mine and the possible use of a nearby second hand milling facility (Avebury) potentially offer low Capex pathways for the company to pursue.

    Toll treatment for Stellar Resources is a viable option as there is capacity at the Renison Bell plant, which can process up to 800ktpa

    Severn has the largest anomalous footprint with regards to the geophysical interpretation at Heemskirk (see Figure 2). The bulk of the extensional drilling work has been done at Severn to boost mine life.
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    To anyone new to the company you could just send them this report and after reading it they would have a fair understanding of the company and its prospects which was not always the case in the past.

    Then you have the piece coming out after a director buy and highlighted in a proactive investor article.

    Just goes to show keep listening to the suggestions here and you will not go far wrong ;-)

 
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