STELLAR RESOURCES LIMITED — Investor Presentation 2011

Mar 27, 2011

STELLAR RESOURCES LIMITED

HeemskirkTin Project

March 2011

CEO Peter Blight

• Shares on issue: 108.8M

• Market capitalisation: $20M

• Ownership structure: Top 20 - 31%

ASX Code: SRZ (listed in April, 2005) Share price: 18c (12 month range: 4-24 c) Cash: $3.7M (Dec 10) Investment: $1.5M (USA shareholding) Board/Management - 5%Private investors - 95%

Focused on tin

• Advanced key project Heemskirk Tin near Zeehan, Tasmania
• Building high grade tin development in established mining region
• Scoping study on the way

Other projects advancing:

• Development partner sought for South Australian iron ore
• Pirie Basin Uranium exploration joint ventured to high quality partners – early results encouraging
• IOCGU exploration in South Australia joint ventured to AngloGoldAshanti

• Tin demand growth strong after 12.5% rise (360,000t) in 2010
• Supply shortfall of 15kt expected in 2011
• LME stocks low at 18kt or 18 days demand
• Price consolidating around US$30,000 t

4

Why is tin solder important?

Tin solder preferred by electronics industry:

• Meets legal requirement for lead free solder
• Non-toxic in manufacturing environment
• Better performance than other low melting point alloys
• Allows more efficient use & smaller circuit boards
• Design costs make switching expensive
• Lower cost metal than silver

Where is tin mined?

Stellar well placed

• China became a net importer of tin in 2008
• China's imports of tin concentrate now rising much faster than tin metal
• Stellar well placed for fast growing Chinese market

Great location - multiple deposits

• 60% owned Heemskirk plus 100% owned St Dizier tin deposits
• Significant mining district
• Easy access to water & power
• Sealed road between both deposits
• Rail & road connect to Burnie port
• 18 km from Renison tin concentrator
• Yunnan Tin Group buying into area
• No serious project review for 20yrs

High Grade Resource

• Heemskirk Mineral Resource 4.4mt grading 1.1% tin 49kt of contained tin in 3 nearby deposits
• Queen Hill, 1.6Mt @1.2% tin as indicated resource
• All deposits open at depth
• Highest grade tin project with JORC resource

HkikMilReemsrneraesource
Ditepos	Ididtncae			Ifdnerre			Tltoa
	kt	S%n	Sktn	kt	S%n	Sktn	kt	S%n	Sktn
QHillueen	1,600	1.2	19				1600,	12	19
Mtonana				360	1.6	6	360	16	6
Severn				2400,	09	23	2400,	10	24
Tltoa	1,600		19	2760,		28	4360,	11	49

cut-off grade 0.6% tin

estimated on 3 March 2011 by Mining One Pty Ltd

Excellent exploration potential

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• Traditional high-sulphide tin ore processing circuit proposed – comparable with Renison Bell circuit
• Tin present as cassiterite rather than more difficult to treat stannite
• Good liberation characteristics down to finer fraction
• Mineral characterization shows potential to produce 50% tin concentrate at 70% recovery
• Pre-concentration works well

Metallurgy flow chart

Unlocking value

Rapid Development Timeline

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How does Stellar compare?

• Advanced project
• Highest grade tin project with JORC resource
• Metallurgical myths busted – testing on-going
• Excellent exploration potential around known deposits
• Project located near mining infrastructure
• Well positioned to smelters in SE Asia & China

What does Stellar offer?

• Tin exposure – LME metal with best supply & demand position
• JORC compliant tin resource of 49,000 tonnes of contained tin
• Continued drilling to upgrade & expand resource estimate
• Scoping Study to define project economics by June 2011

$ Capitalisation per Tonne Tin in Resources

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 Person's Statement

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 the2004 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.

Stellar Resources Limited

Level 7 Exchange Tower, 530 Lt. Collins Street Melbourne VIC 3000Phone +61 3 9909 7618 Fax +61 3 9909 7621www.stellarresources.com.au