STELLAR RESOURCES LIMITED — Investor Presentation 2005

May 1, 2005

Briefing

Falcon®

Stellar - History

Stellar - non-diamond exploration projects from Gravity Capital Limited

Projects generated by Falcon® airborne gravity

Falcon® surveys already flown over most projects

World-class orebody terrains:

Broken Hill Bendigo Gawler Craton Tasmania

Board and Management

"success driven - technically & value focused"

A REAL PROPERTY OF BUILDING

Objectives To be an active and successful explorer To make discoveries of large & valuable ore deposits To create and enhance shareholder wealth

A REAL PROPERTY

Stellar Projects

STE

Resources Limited

Goldfinger – Broken Hill, NSW

Falcon® gravity signature breakthrough

Substantial gravity target

Previous drilling – Broken Hill lode style anomalous base metals values

Outstanding discovery potential evident

Diamond Drilling imminent

enhancing shareholder wealth, through mineral discovery.

ilikTiming

GOLDFINGER - Gravity target

Additional geological mapping completed BHP Billiton reinterpreted gravity data Classic Broken Hill style alteration

Wilgona

Iron Ore (magnetite) prospect Large magnetic anomaly Near rail line to Port Augusta Drilling planned

Wilgena

STE

Resources Limited

Wilgena - "Middleback Range" style Iron Ore

Banded Iron Formation in DDH TD5

"Middleback" iron formation - banded magnetite and jaspilite

Researches Manus La

Comparison with "Iron Duke"

MAGNETIC RESPONSE COMPARISON - WILGENA / IRON DUKE

OneSteel's "Iron Duke" Magnetite Resource 234Mt @ 37% Fe

Padthaway

STEE

Resources Limited

SIE Resources Limited

Tasmania - West Coast

STE

Resources Limited

Tasmania - Heemskirk

Avebury 4 Mt @ 1.5% $Ni - targeted by$ magnetics

第二)一つ

Similar magnetic anomalies at Heemskirk Recognised tin district Near Zeehan - excellent access & logistics

Respublikacion a matematika

Access - not an issue

St Dizier - Tin skarn deposit

Potential open pit resource

Within trucking distance to Renison Bell concentrator Drilling soon

Bendigo North - Four Eagles JV

Resignate Salamater

Bendigo North - Four Eagles JV

Falcon® survey flown in May 2004 showed stunning istructural information

Magnetic imagery over the identical area showed no discernable features

3 major "gravity highs" & others, need to be tested

OI & Gas

Falcon® surveys lead to seismic reprocessing - indicate previously unrecognised sub-basin and targets onshore & offshore of Gippsland Basin

3 wells to be drilled in next 6 months – varying interest (free carried)

Option holding in Gippsland Offshore Petroleum Limited

Summary

Stellar - well funded for aggressive drilling programs : Goldfinger Broken Hill style Wilgena Iron ore Tarcoola/Ealbara-Zinc, Copper & Gold Bendigo North along strike Bendigo Goldfield Tin & Nickel (proximity to Tasmania Avebury Nickel and Renison Tin) Gippsland Basin Oil & Gas

PERSTRACE SHAIRING

Activity Schedule

Resources Limited

Poised for discovery