90 Seconds With…Gary Fietz, Stellar Resources
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Got 90 seconds? Then listen to Stellar Resources non-executive director Gary Fietz tell us more about the about the completed Heemskirk scoping study and what investors should expect from Stellar over the next three to six months.
Stellar Resources (ASX:SRZ) is a tin exploration and development company. Its flagship Heemskirk tin project is located in an established mining district on the west coast of Tasmania, 18km from the world class Renison tin mine.
Heemskirk is a well-advanced project with a resource base of 6.6 million tonnes at 1.1 per cent Sn (70,000 tonnes of tin). Stellar’s objective is to establish Heemskirk as Australia’s second largest tin producer.
Stellar recently announced a major step forward with the completion of its scoping study demonstrating that Heemskirk is a very robust project with a low start-up capital cost of $57m, a pre-tax NPV10 per cent of $83m and an IRR of 45 per cent.
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