STELLAR RESOURCES LIMITED — Investor Presentation 2009

Oct 1, 2009

2 October 2009

ASX RELEASE

Stellar Resources Limited presenting at the Resources Investment Expo 2009

We are pleased to advise that Stellar will be presenting at the Resources Investment Expo held at the Melbourne Exhibition Centre commencing today. Mr Peter Blight, CEO, will be presenting on Saturday 3rd October 2009 at 2.40pm.

A copy of the Company's presentation is attached.

Peter Blight CEO

STELL AR RESOU RCES LI M I TED

ABN 96 108 758 961

Level 7 Exchange Tower 530 Little Collins Street Melbourne Victoria 3000 Tel + 61 3 9909 7618 Fax + 61 3 9909 7621

STELLAR RESOURCES LIMITEDSTELLAR RESOURCES LIMITED

Adding Value Through Resource Development Adding Value Through Resource Development October 2009October 2009

Forward Looking Statement 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.

Company Profile Company Profile

• Listed on the ASX in 2005 code: SRZ

• Exploration and development company

• Experienced and successful management team

• Asset base located in South Australia and Tasmania

• Key assets:

  • Magnetite iron ore in South Australia
  • High-grade tin in Tasmania

• Exploration potential:

  • Energy – uranium
  • Metals – copper, gold, zinc and nickel

Priority Project Priority Project – Tarcoola Magnetite Tarcoola Magnetite

• 100% owned by Stellar
• 10km from Trans-Australian Railway
• Railway links project to proposed bulk ore terminal at Port Bonython
• Closest of the central SA iron ore projects to rail and port
• Outside of Woomera Prohibited Area
• Located in the most supportive mining jurisdiction in Australia

High Tonnage Potential High Tonnage Potential

• Coolybring (100% SRZ) exploration target of 500 million tonnes of magnetite BIF grading 35% Fe
• Coolybring strike length of 1,500 metres and width of 300 metres
• Potential at Coolybring for 270,000 tonnes of magnetite BIF per metre of strike or 1,300,000 tonnes per vertical metre
• Hicks Hill (ELA) exploration target of 200 million tonnes of magnetite BIF grading 35% Fe
• Total near surface exploration target 700 million tonnes

Hicks Hill Adds Exploration Potential Hicks Hill Adds Exploration Potential

Coolybring Coolybring Conceptual Pit Meets Cost Targets Conceptual Pit Meets Cost Targets

Independent mining study confirms economics of Coolybring pit

• Overburden removal 54 millions tonnes

• Waste to ore ratio first 5 years 0.85 to 1.00

• LOM waste to ore ratio 1.44 to 1.00 (including overburden)

• Mine life 30+ years

• Attractive mining costs

Good Grade and Recovery at Good Grade and Recovery at Coolybring Coolybring

Grade averages 35% Fe – typical for BIF

• Iron recovery is high at 74% on average
• Mass recovery of 38% is also high
• Potential to produce a high quality product of 68% Fe and 5% silica by concentrate flotation
• Impurities are low P ~ 0.01% and AI 2O3~0.1%

WihdAAfRCChidDillCtegeeragessasrompsanrorevy
Hl/Mtoeseres	HdGd()%earae		Mass	CGd()%ttoncenraerae						Fe
	Fe	SiO2	AIO23	()R%ecoervy	Fe	SiO2	AIO23	P	S	LOI	()R%ecoervy
/6435	345	460	07	397	649	81	01	001	08	22-	607

Coolybring Quality Compared Coolybring Quality Compared

Di*teposs	Ore	Gidrn	Wihteg	Cdttoncenraegraes				Fe	Rdecoerev
	GdFraee	Siez	Recoervy	Fe	SiO2	P	AlO23	Recoervy	FGderae
	%	imcrons	%	%	%	%	%	%	%
1	36	25	40	68	5	001	010	75	27
2	31	32	40	66	7	001	010	85	26
Clbi**ooyrng	35	25	38	68	5	001	010	47	26
3	37	35	35	69	4	001	002	65	24
4	37	45	35	69	1	001	1.40	65	24
5	31	32	33	69	4	003	010	73	23
6	19	40	22	70	1	000	1.00	81	15

* Ore and concentrate grades taken from company presentations

** Coolybring results based on 6 drill holes across the magnetite section and assume silica reduction by flotation

• Ore grade is at the high end of the range and comparable to advanced WA projects
• Recovered grade at 26% is also comparatively high
• Satisfactory concentrate silica grade should be achieved by flotation
• Coolybring concentrate compares will with its competitors

Power Alternatives for TarcoolaPower Alternatives for Tarcoola

100 Mw of power required if all processing is conducted at Tarcoola

• Extend the state grid from Pimba (250km), Olympic Dam (220km) or Port Augusta (400km) to Tarcoola
• Gas pipeline from Port Augusta to Tarcoola along the rail corridor with a 100Mw gas turbine at Tarcoola
• Coal-based power station developments in the Ackaringa Basin near Coober Pedy

Railway in Place Railway in Place

• Existing standard gauge rail from project to port

• Rail is open access capable of handling iron ore trains

• ARTC recently upgraded track rating to handle 10,000 tonne trains

• Capacity available for 10 million tpa of iron ore

• Competitive rail freight rates

Port Bonython Port Bonython – The Logical Port The Logical Port

• Most logical site for a bulk commodity export terminal
• Feasibility study on new port completed
• State Government supportive of port development
• Port project now on Federal Government register of infrastructure projects
• BHP Billiton proposes to build a 280 Mlpd desalination plant at Port Bonython
• Land available for a magnetite processing plant and ore storage facility

Tarcoola Magnetite Project Summary Tarcoola Magnetite Project Summary

• 100% owned by Stellar Resources Limited
• Potentially large enough to support a 30+ year mining operation
• Iron ore grade averages 35% - upgradeable to 68% Fe
• Located 10km from an existing open access railway line
• Rail connects the project to the proposed Port Bonython terminal
• Port Bonython feasibility study complete – awaiting government decision
• Competition for infrastructure lower in SA than WA
• SA Government is very supportive of iron ore development
• Federal Government open to foreign investment
• Australia offers low political risk relative to most iron ore producing countries

Heemskirk Tin Heemskirk Tin – Strategic Review Strategic Review

• 60% owned Heemskirk Tin Project plus 100% owned St Dizier Tin Deposit
• Heemskirk is largest undeveloped high grade tin resource in Australia
• Located next to well established infrastructure
• Tin concentrator 18km away at Renison Bell
• Yunnan Tin Group buying into the area
• No serious review of the project for 20 years
• Tin price has recovered to US$15,000/tonne

Queen Hill Focus Queen Hill Focus

Queen Hill provides an attractive near surface target for a decline

High Grade Tin Potential High Grade Tin Potential

Queen Hill also offers high grade opportunities

LENS	CATEGORY	Mt	S%n	TTionnesn
QHilleenu	Ididtncae	18	082	14800,
Seernv	Ifdnerre	15	060	30007,
Mtonana	Ifdnerre	04	122	4870,
Tltoa		73	069	50370,
IlddHihGncuegra	de
SLEN	CATEGORY	Mt	S%n	TTionnesn
QHillueen	Ididtncae	098	139	12900,
Severn	Ifdnerre	237	111	26300,
Mtonana	fIdnerre	031	145	4005,
Tltoa		361	121	43007,

23

(Historical Pre-JORC Resources – Companies Update No. 11/07)

Uranium Assets Growing Strongly Uranium Assets Growing Strongly

• Stellar owns 11% of UraniumSA Limited – 317% share price increase in 2009
• UraniumSA announced a 2,700t initial inferred U3O8 resource at Blackbush
• Exploration to south will cover Stellar JV ground in the September quarter
• Stellar has encountered anomalous uranium values in basement rocks in the adjoining EL3978
• Significant potential for further growth in Stellar's uranium investments

Warrior UraniumWarrior Uranium

Resource review and evaluation of exploration potential

Stellar Project Development Dawning Stellar Project Development Dawning

Tarcoola magnetite moving forward

• mine study confirms economic pit concept
• rail freight estimates are competitive
• metallurgy and water studies are under way
• next step is resource drilling

Early tin development opportunities under review

• high grade opportunities at Queen Hill
• improved conditions for financing tin development

Uranium value add through UraniumSA investment and JVs

Exploration assets continually reviewed to maximise value

Competent Person Statements

The information in this report that relates to Mineral Resources is based on information compiled by Mr C. Young who is a member of The Australasian Institute of Mining and Metallurgy and the Australia Institute of Geoscientists. Mr Young has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken. He is qualified as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and as defined in N143-101. Mr Young has consented to the inclusion of this information in the form and context in which it appears in this report.

The drill and exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr C.G. Anderson (Fellow of the Australasian Institute of Mining and Metallurgy) who is a Director of the Company. Mr Anderson 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 Anderson 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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Level 7 Exchange Tower, 530 Little Collins Street, Melbourne Victoria 3000, Australia Tel: +61 3 9909 7618Fax: +61 3 9909 7621