STELLAR RESOURCES LIMITED — Capital/Financing Update 2018

Mar 8, 2018

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9 March 2018

Heemskirk Tin Completes Mining Lease Approvals

Capital Structure Shares: 379,713,489 Share Price (SRZ): A$0.017 Listed Options: 59,142,857 Option Price (SRZO): A$0.004 Unlisted Options: 15,000,000

Commodity Tin Price: US$21,442/t Exchange Rate US$ 0.78

Main Shareholders European Investors 19.5% Capetown SA 16.4%

Board & Management Phillip G Harman Non-Executive Chairman Peter G Blight Managing Director

Miguel Lopez de Letona Non-Executive Director Thomas H Whiting Non-Executive Director

Melanie J Leydin Company Secretary

The Directors of Stellar Resources Limited (ASX: SRZ, “Stellar” or the “Company) are pleased to advise that the Tasmanian Minister for Resources has granted Mining Lease ML2040P/M over the preferred tailings pipeline route for the Heemskirk Tin Project. The three mining leases shown in Figure 1 provide unencumbered and exclusive access for 12 years over all sites required for tin mining, processing and tailings storage.

Figure 1: Location of Heemskirk Tin Mining Leases

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Managing Director Peter Blight said “Granting of ML 2040P/M is a very positive development for Heemskirk Tin. It ties the three project MLs together and secures long-term title over all land required for project development.”

“Importantly it also demonstrates strong support for Stellar’s development plans from the Tasmanian Government, the West Coast Council, Zeehan residents and other stakeholders” he added.

ASX Code: SRZ

About Stellar:

ABN 96 108 758 961 Level 17, 530 Collins Street Melbourne Victoria 3000 Australia

Stellar Resources (SRZ) is an exploration and development company with assets in Tasmania. The company is rapidly advancing its high-grade Heemskirk Tin Project, located near Zeehan in Tasmania, and plans to become Australia’s second largest producer of tin.

Telephone +61 3 9618 2540 Facsimile +61 3 9649 7200

www.stellarresources.com.au

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Figure 2: Stellar Resources Tenement Map, Western Tasmania

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Heemskirk Tin Project

Stellar Resources Limited is a tin exploration and development company that is focused on developing its flagship Heemskirk Tin Project in western Tasmania.

The project has two significant competitive advantages. First, Heemskirk has a JORC 2012 compliant Mineral Resource of 6.4mt @ 1.13% Sn which makes it the highest grade undeveloped tin project of significance listed on the ASX. Second it has an excellent location within the historic west coast mining district of Tasmania (see Figure 2).

Access to existing infrastructure including power, sealed roads and water is a significant advantage over more remote tin projects. In addition, the project is located next to the mining town of Zeehan which provides a supportive community, access to skilled miners and accommodation. The service industry, established to support existing long-term mines in the district, also provides an opportunity for access to competitive suppliers.

For further details please contact:

Peter Blight Managing Director Stellar Resources Limited Tel: 03 9618 2540 Email: peter.blight@stellarresources.com.au

or visit our Website at: http://www.stellarresources.com.au

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Forward Looking Statements

This report may include forward-looking statements. Forward-looking statements include, but are not limited to statements concerning Stellar Resources Limited’s planned activities and other statements that are not historical facts. When used in this report, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward-looking statements. In addition, summaries of Exploration Results and estimates of Mineral Resources and Ore Reserves could also be forward-looking statements. Although Stellar Resources Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The entity confirms that it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning this announcement continue to apply and have not materially changed. Nothing in this report should be construed as either an offer to sell or a solicitation to buy or sell Stellar Resources Limited securities.