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Stelar Metals Limited (ASX:SLB)

ALERT: Price-sensitive ASX Announcement for SLB
Current share price for SLB : $0.265 0.025 (10.42%)+
Announcement
Release
31 Jul 2026 10:25AM
Price at Release
$0.240
Full Release
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Summary
Stelar Metals Limited, trading as SLB on the ASX, provided a quarterly activities report for the period ending 30 June 2026. The company highlighted its progress on the Hill of Leaders Tungsten Project in the Northern Territory, where they entered an earn-in agreement with F&H Brothers Metals Pty Ltd to potentially acquire 100% of the project. Initial field programs were conducted, returning high-grade tungsten assays, indicating a significant mineral system. The company plans to launch a maiden Reverse Circulation drilling program soon. Stelar Metals also made changes to its executive team, appointing Stephen Biggins as Executive Chair, and Dr. Qingtao Zeng as a Non-Executive Director. Financially, the company ended the quarter with a cash balance of $1.599 million, with no financing facilities drawn. The capital structure includes 67,565,687 fully paid ordinary shares and various options and performance rights. Payments to related parties amounted to $29,440, mainly for director remuneration.
Key Points
  • Stelar Metals entered an earn-in agreement for the Hill of Leaders Tungsten Project.
  • High-grade tungsten assays were returned from the initial field programs.
  • The company plans an upcoming Reverse Circulation drilling program.
  • Stephen Biggins was appointed Executive Chair, and Dr. Qingtao Zeng joined as a Non-Executive Director.
  • The company ended the quarter with cash reserves of $1.599 million.
  • The capital structure includes over 67 million ordinary shares and various options and performance rights.
  • Related party payments totaled $29,440 for director remuneration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.