STELLAR RESOURCES LIMITED — Investor Presentation 2012

Sep 19, 2012

Heemskirk Heemskirk Tin Project Tin Project - Tasmania Tasmania CEO Peter Blight

The Tin Story and Beyond One2One Investor Forum September 19, 2012

Today's Presentation

• Introduction
• The Tin Story
• Market Overview
• The Heemskirk Project
• Investment Case

5 Things About Stellar (SRZ)

• 1.Key focus on developing Heemskirk Tin Project
• 2.Has one of highest grade resources globally
• 1. Significant exploration potential in known tin field
• 4.Excellent existing infrastructure
• 1. Has potential to be one of Australia's largest tin producers

Corporate Snapshot

Shares on Issue 223.4MMarket Capitalisation $17M Cash $4.9M (June 12) Investment

Ownership Structure Top 20 65.0% Gippsland Ltd 19.5% RCF 16.2%JP Morgan Noms 9.5% HSBC Noms2.4%

ASX Code SRZ (listed April 2005) Share Price 8c (12 month range: 4-24c) $0.5M (USA shareholding)

Board & Management

Phil Harman Non-Executive ChairmanTom Burrowes Non-Executive DirectorDr David Isles Non-Executive DirectorDr Tom Whiting Non-Executive Director Peter Blight Chief Executive Officer Chris Kemp Company Secretary

Five Things to Know About Tin

• 1.Low melting point – soft alloy and solder applications
• 2.Non-toxic – replaces lead and other toxic metals
• 1. Does not oxidize easily corrosion preventative in cans
• 4.Highest value LME metal – reflects steep cost curve
• 1. 51st most abundant element in earth's crust not easy to find

Tin is Hot!

Based on CRU research tin has an excellent price outlook.

Palladium, Tin, Molybdenum, Alumina, Met Coke, Copper, Potash, Sulphuric Acid,

Nickel, Vanadium, Zinc, Aluminium, Platinum, Gold, Iron Ore, Uranium, Silver

Lead, Manganese, Cobalt, Sulphur, Urea, Phosphate Rock

Ammonia, Coking Coal

Source: CRU

The Tin Story So Far…

Tin is an ancient Tin is an ancient metal with many metal with many modern uses.modern uses.

One of earliest One of earliest known metals known metals – domestic domestic utensils using tin utensils using tin recorded from recorded from 3,500 BC. 3,500 BC.

Traded on Traded on world's largest s largest industrial metals industrial metals marketplace marketplace - London Metal London Metal Exchange (LME) Exchange (LME) since 1877.since 1877.

Growth - usage in new applications applications should offset any should any substitution or substitution or economisation in economisation in Current world Current world demand of demand of 365,000t per 365,000t per annum.

Tin is all around Tin is all around us & used daily us & used daily – shaving foam, shaving foam, toothpaste, toothpaste, paint, food cans, paint, food cans, etc.

Growth dominated by solder

Source:ITRI

Tin recycling is becoming more important, particularly in China & now represents 22% of global demand.

Why is Tin replacing lead in solder?

• 1.Tin solder preferred by electronics industry as replacement for Tin solder preferred by electronics industry as replacement for lead
• 1. Allows more efficient use & smaller circuit boardsAllows more efficient use & smaller circuit boards
• 1. Better performance than other low melting point alloys Better performance than other low melting point alloys
• 4.Non-toxic & excellent fusion abilities in making of alloys toxic & excellent fusion abilities in making of alloys
• 1. Lower cost than silverLower cost than silver

Potential New Markets

Lithium Batteries

Fuel Catalysts

Animal Health

Soldering Stainless Steel

Where tin is mined

Low Stocks - Higher Tin Price

Tin demand expected to rise to 365,000 tonnes in 2012 Supply shortfall for 5 out of last 6 years LME stocks have declined to minimal levels Lack of new tin mines

Great location - multiple deposits

• 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

High Grade Resource

Great project progress

• JORC resource released March 2011
• Scoping Study completed July 2011
• 100% Ownership in January 2012
• 10,000m drilling program in March 2012
• Heemskirk Mineral Resource 4.4mt grading 1.1% tin 48kt of contained tin in 3 nearby deposits
• Queen Hill, 1.6Mt @ 1.2% tin as indicated resource
• Highest grade tin project with JORC resource
• Significant potential to find blind deposits

Scoping Study Greenlight

• Attractive rate of return & payback to advance Heemskirk to prefeasibility 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

Competitive cost structure

Cash cost estimates are provisional and used with permission from the ITRI

10,000m Diamond Drilling Program

• 2,000m to infill and upgrade Severn resource
• 3,000m to expand Severn resource
• 1,000m to test newly identified aeromagnetic targets
• 3,000m on infill & extension drilling at Queen Hill & Montana
• 1,000m at St Dizier to upgrade historical results to JORC status
• Drilling Program should be complete by March 2013

Close Proximity of Deposits

High Grade Results from Severn

Unlocking the Value

2012

2014/15

Existing infrastructure allows for rapid development timeline

Why invest in Stellar?

• High grade tin project in mining friendly jurisdiction
• Control destiny with 100% ownership
• Supportive cornerstone investor in RCF
• Advancing project to PFS by mid 2013
• Well funded drilling program
• Significant opportunity to add to resource base
• Low cost opportunity to invest in Tin

Enterprise Value per Tonne Tin in Resources ($/T)

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 is based on information compiled by Michael McKeown who is a fellow of the Australasian Institute of Mining and Metallurgy. Michael McKeown is employed by Mining One Pty Ltd and he has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC Code). Michael McKeown consents to the inclusion in this report of the matters based on his information in the form and context in which 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.

Stellar Resources Limited

Level 17, 530 Collins Street Melbourne VIC 3000Phone +61 3 9618 2540 Fax +61 3 9649 7200www.stellarresources.com.au

Appendices

JORC Resource Statement

Heemskirk Mineral Resource
DepositIndicated					Inferred		Total
	kt	$%$ Sn	kt Sn	kt	$%$ Sn	kt Sn	kt	$%$ Sn	kt Sn
Queen Hill	1,600	1.2	19				1,600	1.2	19
Montana				360	1.6	6	360	1.6	6
Severn				2,400	0.9	23	2,400	0.9	23
Total	1,600		19	2,760		29	4,360	1.1	48

Excellent exploration potential

Conservative Project Assumptions

Ptarameer	Uitns	Aitssumpon	Ctommen
fMilinee	years	67	fMiilinmume
Miidilitnngonu	%	15	Tilfddipcaornergronmnesyuu
ROMdgrae	%	093	Adi11%erageresorcegraesvu
Ttttreamenrae	tpa	600000,	fDillhdittrawngromareeeposs
Recoervy	%	70	Tttargerae
Tiittnnconcenrae	tpa	3900,	Aldittverageannuaprouconrae
Cdttoncenraegrae	%	05	Tildpcagraey
Tii()tnprcene	$S/Ut	22500,	Nflih10%tteosmengcarge
Ehtxcangerae	$SU	100
Oihttperangcascos	$S/Uittn	12807,	43%iitoperangmargn
Cilttapacos	$SUm	108	Pdiilttre-proconcapau

Lack of New Mines

Company	jPtroec	Ctounry	Citapacy
Minsru	SfRlilitanaaeangs	Peru	0075,
Sbtyryme	Sbtyryme	Kkhtazasan	6005,
KbhRasaesources	Ahhcmmac	Morocco	5600,
AiliUjimerangun	NiiKhdlarsnunen	Mliongoa	5200,
TMRLdt	Offhddsorereges	Idinonesa	5000,
MlXteas	Riltenas	Alitusraa	4000,
SllRtearesorcesu	Hkikeemsr	Alitsraau	4000,
VMiltenrenerasu	MLidtonnsauy	Alitsraau	3007,
PTTihma	OffDhDdeepsorereges	Idinonesa	3600,
CliddTiMitonsoaennes	GMttarne	Alitsraau	3200,
AdMiiexnng	MPlttouneasan	Cdanaa	3200,
DhRhfftteusceoso	Gbttoeserg	Germany	3000,
YTiunnann	Whiucangpng	China	3000,
SihiWncaray	Cliiilitoqrangsu	Bliioav	2700,
SSilddteranarv	Piitrqasu	Aitrgenna	2005,

Source: ITRI

Total 62,700