Heemskirk Tin Project - Tasmania CEO: Peter Blight

www.stellarresources.com.au

ASX: SRZ

Stellar’s (SRZ) Strong Position in Tin

1. Heemskirk is a world class tin resource

2. Highest grade undeveloped resource globally

3. Significant exploration potential in known tin field

4. Excellent existing infrastructure

5. Low environmental risk

6. Low political risk

7. Supportive jurisdiction and local community

8. PFS well advanced

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ASX Code SRZ (listed April 2005)

Shares on Issue 223.4M

Share Price 5.5c (12 month range: 4-16c)

Market Capitalisation $12M

Cash $3.4M (Dec 12)

Investments $0.3M

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Ownership Structure

Top 20 65.0%

Gippsland Ltd 19.5%

RCF 16.2%

JP Morgan Noms 9.5%

HSBC Noms 2.9%

Board & Management

Phil Harman Non-Executive Chairman

Tom Burrowes Non-Executive Director

Dr David Isles Non-Executive Director

Dr Tom Whiting Non-Executive Director

Peter Blight Chief Executive Officer

Chris Kemp Company Secretary

Corporate Snapshot

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Tin Market Outlook

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Source: ITRI

54%

17%

13%

16%

Solder Tinplate Chemicals Other

Solder is the key to strong tin demand

Solder demand set to grow strongly

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2016

Production declined for 6 of top 10 in 2012

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-30 -20 -10 0 10 20 30

Yunnan Tin

Metallo Chimique

Yunnan Chengfeng

EM Vinto

Thaisarco

Malaysian Smelting

Guangxi

Minsur

Gejiu Zi Li

PT Timah

Source: ITRI

Tin consumers need new mines

Alluvial supply less reliable and facing rising costs

Concentrate shortage for several years

Security of supply a major issue for end-users

New supply to come from hard rock mines

Hard rock mines provide greater certainty of supply

Incentive tin price for new production is US$25,000/tonne

LME tin price within 5% of incentive price

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Great Location

100% owned Heemskirk tin project

100% owned St Dizier tin deposit

Significant mining district

Easy access to water & power

Sealed road between both deposits

Rail & road connects to Burnie Port

18km from Australia’s largest tin

mine - Renison Bell

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New JORC Mineral Resource

49% increase in contained tin to 71,500 tonnes (from 48,000 tonnes)

Potential to enhance PFS through increased mine-life

Resource risk reduced through greater geological consistency

Classification Deposit Tonnes Grade Contained Tin

millions % tin tonnes

Indicated All 1.41 1.26 17,790

Inferred All 4.87 1.10 53,710

Total 6.28 1.14 71,500

Indicated Queen Hill 1.41 1.26 17,790

Inferred Queen Hill 0.19 1.63 3,090

Severn 4.17 0.98 40,900

Montana 0.51 1.91 9,710

Total 6.28 1.14 71,500

0.6% tin block cut-off grade

Tonnes rounded to reflect uncertainty of estimate

Estimates prepared by Resource and Exploration Geology

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Grade and Tonnage Rising

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Heemskirk: highest grade undeveloped ASX listed tin resource

0.00

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Resources: Million Tonnes

Tin

Gra

de

%

2011 2013

Heemskirk SRZ 100%

Renison Bell

MLX 50%

Achmmach

KAS 100%

Mt Garnet

CSD 100%

Rentails

MLX 50%

Mt Lindsay

VMS 100%

MGT 83.5%

Taronga

ANW 100%

Heemskirk can get much bigger

Average drilling depth just 350 metres – deepest holes 500 metres –

considerable room for discoveries at depth

All deposits remain open

Montana @1.9% tin shows potential for high grade discoveries

Rension Bell, 18 km to northeast, is the best analogy for Heemskirk

Over 60 years, Renison Bell has yielded 350,000 tonnes of tin – with

grade increasing at depth

Heemskirk, over two years, has increased in size from 48,000 tonnes

to 71,500 tonnes of tin in resources – this is just the beginning

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Target area: 1km to granite source

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Heemskirk: The Next Renison?

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Deepest drilling at Heemskirk 500m

Area 4

Grades >3.0% tin

Exploration tools more focused

Mineral zonation provides targets below silver/lead workings.

Grade – thickness zonation targets area between tin deposits.

Structure an important tool in search for repetitions of known deposits.

Discovery efficiency has improved:

Previous owners drilled 100 holes for 25,500m and discovered a resource

of 48,000 tonnes of tin - a rate of 1.9 t/m

Stellar has drilled 35 holes for 10,400m, increased the resource to 71,500

tonnes – a discovery rate of 2.3t/m

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Heemskirk – a zoned mineral field

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Vertical zonation from silver/lead (red) to tin (blue) to ?

Tracking high contained tin

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Purple Zone = Tin Content Above 10 metres x 1 percent

Structure is important

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Severn Montana

Scoping study green-light for PFS

Attractive rate of return & payback to advance Heemskirk to pre-

feasibility stage

US$12,780/t cash cost positions Heemskirk competitively on

industry cost curve

Life of mine revenue of $673m net of smelter charges

600,000 tpa throughput over 7.6 years provides economies of scale

3,900 tpa of tin in concentrate production ranks project as 2nd in

Australia to Renison Bell

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Competitive cost structure

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Cash cost estimates are used with permission from ITRI

Higher grades have the potential to lower cash costs

Metallurgy

ALS AMMTEC testing typical high sulphide tin flow-sheet - similar

circuit to Renison Bell mill

More than 98% of tin present as tin oxide mineral cassiterite

Rejection of 20% ROM with heavy liquids provides potential for

operating and capital cost savings

Test work focused on maximising tin recovery in gravity circuit

Target recovery of 70% into a 50% tin concentrate

Plant optimisation at Renison Bell is delivering significant

improvement in recovery and reduction in unit cost – similar outcomes

available at Heemskirk

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Preliminary feasibility well advanced

Production scheduling: Mining One Pty Ltd

Geotech and mine design: Mining One Pty Ltd

Metallurgy: Asther Pty Ltd and ALS AMMTEC

Plant engineering and infrastructure: GR Engineering Pty Ltd

Environmental: J Miedecke & Partners Pty Ltd

Options studies: GR Engineering Pty Ltd

Study completion end of June 2013

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Stellar undervalued relative to peers

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SRZ CSD VMS KAS MLX

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The investment case for stellar

High grade tin project in mining friendly jurisdiction

Control destiny with 100% ownership

Supportive cornerstone investor in RCF

Active exploration and development programs

Tin market fundamentals are attractive

Few alternative opportunities to invest in tin

Stellar provides low cost entry

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Disclaimer

Forward Looking Statement

This presentation contains only a brief overview of Stellar Resources Limited (“Stellar") and its activities and operations. The contents of this presentation, including matters relating to the geology of Stellar’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which may not have been subject to any independent verification.

This presentation may contain a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Stellar’s control, may cause the actual results, performance and achievements of Stellar to differ materially from those expressed or implied in this presentation. To the maximum extent permitted by law and stock exchange listing rules, Stellar does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Stellar, and will not be responsible for any loss or damage arising from the use of the information.

Competent Persons Statement – Heemskirk Mineral Resource

The information in this report that relates to Mineral Resources was prepared in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”) by Tim Callaghan of Resource and Exploration geology, who is a Member of The Australian Institute of Mining and Metallurgy (“AusIMM”), has a minimum of five years experience in the estimation and assessment and evaluation of Mineral Resources of this style and is the Competent Person as defined in the JORC Code. This report accurately summarises and fairly reports his estimations and he has consented to the resource report in the form and context it appears.

Competent Persons Statement – Exploration

The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr R.K. Hazeldene who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Hazeldene has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2004 Edition). Mr Hazeldene consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. It should be noted that the abovementioned exploration results are preliminary.

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Stellar Resources Limited Level 17, 530 Collins Street

Melbourne VIC 3000

Phone +61 3 9618 2540 Fax +61 3 9649 7200

www.stellarresources.com.au

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