STELLAR RESOURCES LIMITED — Investor Presentation 2012

Feb 14, 2012

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

February 2012

Corporate

ASX Code: SRZ (listed April 2005) Shares on Issue: 191.5MMarket Capitalisation: $16M Cash: $4.0M (Feb 12) Investment:

Ownership Structure Top 20 67% Gippsland Ltd 23% RCF 15%Other Institutional 4%Private Investors 58%

Share Price: 8.3c (12 month range: 4-24c) $0.6M (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

Focused on tin

• Rapidly advancing Heemskirk Tin near Zeehan, Tasmania – single commodity - single project focus
• Established mining region
• Good historical drilling data base
• Potential to discover blind deposits
• Mining and environmental scoping are positive
• Project target: production by early 2015

Simplifying Ownership Structure

• Historical JV – 60% Stellar, 40% Gippsland with Stellar as operator
• Stellar acquired Gippsland's 40% for 43.5 m Stellar shares and a royalty
• Simple share transaction with no changes to Stellar board or focus
• 100% ownership allows Stellar to control program through to production
• Ownership impediments to financing, feasibility and development removed

Tin prices recover strongly

Tin demand expected to rise to 362,000 tonnes in 2012 Supply shortfall for 5 of last 6 years LME stocks have declined to minimal level Strong price recovery to US$25,000/tonne since Dec 2011

Growth dominated by solder

Source:ITRI

Tin recycling is becoming more important, particularly in China, and nowrepresents 22% of global demand

Where is tin mined?

Not enough in ITRI project list

Company	jPtroec	Ctounry	Citapacy
Minsru	SfRlilitanaaeangs	Peru	0075,
Sbtrmeyy	Sbtrmeyy	Kkhtaasanz	6005,
KbhRasaesorcesu	Ahhcmmac	Morocco	6005,
AiliUjimerangnu	NiiKhdlarsnnenu	Mliongoa	2005,
TMRLdt	Offhddsorereges	Idinonesa	0005,
MlXteas	Riltenas	Alitsraau	4000,
SllRtearesorcesu	Hkikeemsr	Alitsraau	4000,
VMiltenrenerasu	MLidtonnsauy	Alitsraau	3007,
PTTihma	OffDhDdeepsorereges	Idinonesa	3600,
CliddTiMitonsoaennes	GMttarne	Alitsraau	3200,
AdMiienngx	MPlttoneasanu	Cdanaa	3200,
ffDhRhttesceosou	Gbttoeserg	Germany	3000,
YTinnannu	Whicangpngu	China	3000,
SihiWncaray	Cliiilitoqrangsu	Bliioav	2007,
SSilddteranarv	Piitrqasu	Aitrgenna	2005,

Source: ITRI

Total 62,700

Great location - multiple deposits

• Heemskirk tin project and St Dizier tindeposit 100% owned
• Significant mining district
• Easy access to water &power
• Sealed road between both deposits
• Rail &road connect to Burnie port
• 18 km from Australia's largest tin mineRenison Bell

High Grade Resource

• 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
• All deposits open at depth
• Highest grade tin project with JORC resource

iiHkkMlReemsrneraesorceu
Ditepos	Ididtncae		Ifdnerre		Tltoa
	kt	S%n	kStn	kt	S%n	kStn	kt	S%n	kStn
QHillueen	1600,	12	19				1600,	12	19
Mtonana				360	16	6	360	16	6
Severn				2400,	09	23	2400,	09	23
Tltoa	1600,	12	19	2760,	10	29	4360,	11	48

cut-off grade 0.6% tin

estimated on 3 March 2011 by Mining One Pty Ltd

Positive Metallurgy

• Traditional high-sulphide tin ore processing circuit proposed – comparable with Renison Bell circuit
• Tin present as cassiterite rather than more difficult to treat stannite
• Pre-concentration works well

Mineral characterisation shows potential to produce 50% tin concentrate at 70% recovery

Test work is on-going

Scoping study greenlight

• Internal rate of return of 21% & 3.5yr payback advance project to pre-feasibility stage
• US$12,780/t cash cost positions project competitively on the industry cost curve
• Life of mine revenue of $673 million 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

Conservative project assumptions

Ptarameer	iUtns	iAtssumpon	Ctommen
Milifnee	earsy	76	iilifmnmmeu
Miidilitnngonu	%	15	ilfddtypcaorunergrounimnes
ROMdgrae	%	093	diaerageresorcegraesvu11%
Ttttreamenrae	tpa	600000,	ifdllhtrawngromareediteposs
Recovery	%	70	tttargerae
Tiittnnconcenrae	tpa	3900,	lditaverageannuaproucontrae
Cdttoncenraegrae	%	50	ildtypcagrae
Tii()tnprcene	$US/t	52200,	fli10%ttneosmenghcarge
Ehtcangeraex	$US	100
Oihtperangcastcos	$US/ittn	12807,	43%iitoperangmargn
Cilttapacos	$USm	108	diilttpre-proconcapau

Competitive cost structure

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

Excellent exploration potential

Severn Long Section

ZS107A shows that high grade continues at depth

Feasibility Program

• Advanced tin project
• Positive scoping study adds momentum
• Highest grade tin project with JORC resource
• Excellent exploration potential on tenement
• Project located near mining infrastructure
• Well positioned to smelters in SE Asia & China

Low Cost Opportunity

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

Opportunity for re ‐rating &share price upside

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.

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 ResourcesLimited

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