STELLAR RESOURCES LIMITED — Investor Presentation 2013

Mar 7, 2013

Heemskirk Tin Project - Tasmania CEO: Peter Blight

Investor Presentation 8 March 2013

ASX: SRZ

www.stellarresources.com.au

Stellar's (SRZ) Strong Position in Tin

• 1. Heemskirk is a world class tin resource
• 1. Highest grade undeveloped resource globally
• 1. Significant exploration potential in known tin field
• 1. Excellent existing infrastructure
• 1. Low environmental risk
• 1. Low political risk
• 1. Supportive jurisdiction and local community
• 1. PFS well advanced

Corporate Snapshot

Shares on Issue 223.4M Market Capitalisation $12M Cash $3.4M (Dec 12) Investments $0.3M

Ownership Structure Top 20 65.0% Gippsland Ltd 19.5% RCF 16.2% JP Morgan Noms 9.5% HSBC Noms 2.9%

ASX Code SRZ (listed April 2005) Share Price 5.5c (12 month range: 4-16c)

Board & Management Phil Harman Non-Executive Chairman Tom Burrowes Non-Executive Director Dr David Isles Non-Executive Director Dr Tom Whiting Non-Executive Director Peter Blight Chief Executive Officer Chris Kemp Company Secretary

Great Location

• 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

New JORC Mineral Resource

• 49% increase in contained tin to 71,500 tonnes (from 48,000 tonnes)
• Potential to enhance PFS through increased mine-life.
• Resource risk reduced through greater geological consistency.

Classification	Deposit	Tonnes	Grade	Contained Tin
		millions	% tin	tonnes
Indicated	All	1.41	1.26	17,790
Inferred	All	4.87	1.10	53,710
Total		6.28	1.14	71,500
Indicated	Queen Hill	1.41	1.26	17,790
Inferred	Queen Hill	0.19	1.63	3,090
	Severn	4.17	0.98	40,900
	Montana	0.51	1.91	9,710
Total		6.28	1.14	71,500

0.6% tin block cut-off grade

Tonnes rounded to reflect uncertainty of estimate

Estimates prepared by Resource and Exploration Geology

Grade and Tonnage Rising

Heemskirk: highest grade undeveloped ASX listed tin resource

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Heemskirk can get much bigger

• Average drilling depth just 350 metres deepest holes 500 metres considerable room for discoveries at depth.
• All deposits remain open.
• Montana @1.9% tin shows potential for high grade discoveries.
• Rension Bell, 18 km to northeast, is the best analogy for Heemskirk.
• Over 60 years, Renison Bell has yielded 350,000 tonnes of tin with grade increasing at depth.
• Heemskirk, over two years, has increased in size from 48,000 tonnes to 71,500 tonnes of tin in resources – this is just the beginning.

All deposits remain open

Deposits plunge towards the Montana fault

Exploration tools more focused

• Mineral zonation provides targets below silver/lead workings.
• Grade thickness zonation targets area between tin deposits.
• Structure an important tool in search for repetitions of known deposits.
• Discovery efficiency has improved:
  • Previous owners drilled 100 holes for 25,500m and discovered a resource of 48,000 tonnes of tin - a rate of 1.9 t/m
  • Stellar has drilled 35 holes for 10,400m, increased the resource to 71,500 tonnes – a discovery rate of 2.3t/m

Heemskirk – a zoned mineral field

Vertical zonation from silver/lead (red) to tin (blue) to ?

Tracking high contained tin

Purple Zone = Tin Content Above 10 metres x 1 percent

Severn – multiple tin zones

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Structure is important

Possible secondary dilation zone

Preliminary Feasibility Well Advanced

• Production scheduling: Mining One Pty Ltd
• Geotech and mine design: Mining One Pty Ltd
• Metallurgy: Asther Pty Ltd and ALS AMMTEC
• Plant engineering and infrastructure: GR Engineering Pty Ltd
• Environmental: J Miedecke & Partners Pty Ltd
• Options studies: GR Engineering Pty Ltd
• Study completion end of June 2013

Metallurgy

• ALS AMMTEC testing typical high sulphide tin flow-sheet similar circuit to Renison Bell mill.
• More than 98% of tin present as tin oxide mineral cassiterite.
• Rejection of 20% ROM with heavy liquids provides potential for operating and capital cost savings.
• Test work focused on maximising tin recovery in gravity circuit.
• Target recovery of 70% into a 50% tin concentrate.
• Plant optimisation at Renison Bell is delivering significant improvement in recovery and reduction in unit cost – similar outcomes available at Heemskirk

Scoping study green-light for PFS

• 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

Higher grades have the potential to lower cash costs

Strong regional exploration position

142 sq km over northern edge of tin bearing Heemskirk Granite

21

St Dizier – outcropping tin target

2.5 km of tin mineralised skarn

Ramsay tin target – right address

60 sq km over the northern edge of the Meredith Granite EL 1/2004

What is ahead in 2013?

• Resource expansion and infill drilling at Heemskirk ongoing
• Exploration of regional tin targets underway
• Metallurgical testwork on-going
• Processing plant design and costing underway
• Environmental and social impact studies underway
• Upgrade of mine design and scheduling plan underway
• Completion of Preliminary Feasibility Study mid 2013
• Commence Definitive Feasibility Study second half 2013

The investment case for stellar

• High grade tin project in mining friendly jurisdiction
• Control destiny with 100% ownership
• Supportive cornerstone investor in RCF
• Well funded drilling program and potential to expand resources
• Tin market fundamentals are attractive
• Few alternative opportunities to invest in tin
• Stellar provides low cost entry

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 information in this report that relates to Mineral Resources was prepared in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' ("JORC Code") by Tim Callaghan of Resource and Exploration geology, who is a Member of The Australian Institute of Mining and Metallurgy ("AusIMM"), has a minimum of five years experience in the estimation and assessment and evaluation of Mineral Resources of this style and is the Competent Person as defined in the JORC Code. This report accurately summarises and fairly reports his estimations and he has consented to the resource report in the form and context 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 3000 Phone +61 3 9618 2540 Fax +61 3 9649 7200 www.stellarresources.com.au