ASX:SRZ

2 stories mentioning ASX:SRZUpdated 42d ago

Every FINWIRES story that references ASX:SRZ, newest first.

Stellar Resources Raises AU$22 Million via Placement; Shares Up 6%

Stellar Resources (ASX:SRZ) received firm commitments to raise up to AU$22.1 million at an issue price of AU$0.033 per share, according to a Monday filing with the Australian bourse.The capital raise includes the previously disclosed cornerstone AU$17 million placement to Metals X (ASX:MLX) and an additional capital raise of AU$5.1 million on the same terms, the filing said.Proceeds will be used to advance the Heemskirk project in Tasmania towards development, exploration on the East Renison and Granite Tor projects, and general working capital, per the filing.Stellar Resources and Metals X shares rose 6% in morning trade on Monday.

ASX:MLXASX:SRZ

Asia62d ago

Stellar Resources' Test Work on Tasmania Project Ore Shows Potential Tin Recovery Over 70%

Stellar Resources (ASX:SRZ) reported improvement in metallurgical performance on ore-sorted Queen Hill material at its Heemskirk project in Tasmania, showing a pathway to tin recovery exceeding 70%, according to a Wednesday filing with the Australian bourse.Test work supports production of a final saleable tin concentrate grading in the range of 42% to 49%, consistent with standard smelter requirements for processing, the filing said.Additionally, test work on the Severn tin deposit demonstrated "strong" metallurgical performance, showing a pathway to tin recovery of about 75% and producing concentrates grading 45% to 50%, per the filing.

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