STELLAR RESOURCES LIMITED — Investor Presentation 2014

Nov 4, 2014

Heemskirk Tin Project Highest grade undeveloped ASX-listed tin resource

Annual Tin Conference November 2014

ASX: SRZ

www.stellarresources.com.au

Agenda

Company Overview Project Review Exploration Potential Future Milestones

Strong balance sheet and register

Financial Information

ASX ticker SRZ (listed Apr-05) Number of shares 300.2m Market capitalisation A$9.0m Cash A$3.5m (30-Sep-14) Enterprise value A$5.5m (no debt)

Ownership Structure Capetown SA 20.8% Bunnenberg Family 14.9% Resource Capital Funds 12.0% Directors + Management 4.2% Top 20 70.2%

Number of options 25.0m (8.0c ex. price; 26-Feb-17 expiry) Share price A$0.03 (12 mth range: A$0.027-0.058)

Experienced team

• Phil Harman (Non-Executive Chairman) geophysicist with 30 years experience in BHP Billiton minerals exploration. Past and present Director of several ASX listed companies.
• Peter Blight (Managing Director) geologist and mining analyst with 30 years experience in the exploration, mining and finance sectors. Previously worked for UBS, UC Rusal and Rio Tinto.
• Thomas Whiting (Non-executive Director) geophysicist and former manager of BHP Billiton exploration. Chairman of Deep Exploration Technologies Cooperative Research Centre.
• Miguel Lopez de Letona (Non-executive Director) is a former management consultant. He is based in Belgium and advises on investment in the mining and oil and gas sectors.
• Dr Markus Elsasser (Non-executive Director) financier and investor in the mineral resource sector based in Germany. Financial adviser to a number of European based investors.
• Christina Kemp (Company Secretary) over 20 years experience as an accountant and senior financial manager for companies in the resources, manufacturing, retail, travel and utility industries.

Stellar's well located tin assets

• Tin assets100% owned
• High grade Heemskirk + St Dizier
• Renison-style deposit well known
• Exciting exploration potential
• Significant mining district Infrastructure on door step
• Low political risk
• Low environmental risk

Excellent progress to date

• Maximised tin price leverage by moving to 100% ownership in 2012
• Increased resource by 49% to 71,500t contained tin worth $1.6bn
• Demonstrated presence of high grade tin including 7m @ 4% tin
• Demonstrated recovery of 70% through bench scale met testing
• Established environmental baseline
• Completed a positive preliminary feasibility study in 2013
• Over $12 million of project spending to date

High-grade Heemskirk resource

• 49% increase in contained tin to 71,500 tonnes (from 48,000 tonnes)
• Resource risk reduced through greater geological consistency

Classification	Deposit	TonnesGrade		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

St Dizier – adds low cost resource

• Add-on resource for the Heemskirk Project
• Open pittable Indicated Resource

Classification	Millions Tonnes	Sn%	Sol Sn%	WO3 %	Fe %	S%
Indicated	1.20	0.69	0.09	0.04	23.70	2.64
Inferred	1.06	0.52	0.22	0.05	22.22	1.81
Total Resource	2.26	0.61	0.15	0.04	23.00	2.25

1. block cut-off grade of 0.3% Sn

2. tonnes rounded to reflect uncertainty of estimate

3. estimate prepared by Resource and Exploration Geology

Heemskirk: highest grade undeveloped ASX listed tin resource

Heemskirk 1 of 7 in a field of 157

• BGR German Federal Institute of Geosciences and Natural Resources has a mandate to report on future supply of critical metals to Government and Industry
• In 2014 the well resourced BGR (budget €94m 2014) reported on Tin after studying 157 projects in all tin provinces around the world
• BGR see a severe tin shortage emerging by 2020 caused by declining supply from traditional sources
• "Only 7 of 157 known tin projects have a reasonable chance to go to operation by 2020" BGR, May 2014
• Heemskirk is 1 of the 7 only 4 of 7 are listed on the ASX

Positive prefeasibility results

Study completed in July 2013 for an underground mine at Heemskirk treating 600ktpa @ 1.06% tin

Average annual production of 4,327 tonnes of tin in concentrate @ 48% grade

Pre-production capital of A$127m

Minimum mine life of 7 years on 4mt inventory – expandable to 9 years

Mine-gate cash production cost of US$14,389/t tin in concentrate

Tin recovery of 70%

NPV8% A$61m & IRR 19% prior to optimisation

Optimisation: adding value to PFS

PFS represents a base case with significant untested upside

• Improved metallurgical recovery
  • Increasing overall recovery by 1 percentage point adds $4.9 million or 8% to NPV
• Increased mine life

Each additional year of life adds $13 million or 22% to NPV

Targeting higher grade at Severn

Increasing overall head grade by 10% adds $49 million or 79% to NPV

Adding St Dizier to the mine plan

Scoping study underway

Potential for high grade hits

Key Intersections:

• Queen Hill QH 125 32m @ 1.6% Sn
• Severn ZS113 7m @ 4.0% Sn
• Montana ZM67 8m @ 3.9% Sn

St Dizier in close proximity

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• 20 km from planned process plant via a sealed road
• Low development risk in an area previously mined for alluvial tin

St Dizier – potential open pit

• Pipe-like tin-magnetite skarn in serpentised carbonate
• Best grades within 70m of surface

Excellent project in a great location

By the end of 2014

• Notice of Intent Submitted
• Complete metallurgy optimisation
• Complete St Dizier scoping study
• Update PFS outcomes
• Complete geological review
• Commence deep drilling at Severn

Future Milestones

2015

2017

Commence DFS drilling and studies

Complete financing Commence project development

Target first production

Disclaimer

Forward Looking Statement

This presentation was prepared by Stellar Resources Limited ( the "company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the company or as an offer or invitation with respect to those securities. It 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 and St Dizier Mineral Resources

The information in this report that relates to Heemskirk Tin Mineral Resources was last reported on 24th July 2013 in an ASX release titled "Pre-feasibility Study Advances Heemskirk Tin". The information was prepared in accordance with the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' by Tim Callaghan of Resource and Exploration Geology. The information in this report that relates to the St Dizier Mineral Resource was announced on 12 March 2014 in an ASX release titled "Heemskirk Tin Project: New Open Pittable Resource at St Dizier". The information 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. Tim Callaghan is a Member of The Australasian 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 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 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr Hazeldene consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

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

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