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Stelar Metals Limited (ASX:SLB)

ALERT: Price-sensitive ASX Announcement for SLB
Current share price for SLB : $0.215 0.01 (4.88%)+
Announcement
Release
12 Aug 2026 9:56AM
Price at Release
$0.205
Full Release
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Summary
Stelar Metals Limited has reported exceptional high-grade tungsten assay results from their Phase 2 surface sampling and geological mapping at the Hill of Leaders Tungsten Project in Northern Territory. With seven samples surpassing 1% WO₃ and the highest at 15.69% WO₃, the company is advancing towards their maiden 3,000m RC drilling program. This exploration is bolstered by favorable global tungsten market conditions, attributed to China's export controls and US prohibitions on Chinese-sourced tungsten. The Phase 2 program extended the mineralised footprint into new areas, indicating a significant mineral potential, and Stelar is strategically positioned to capitalize on this opportunity.
Key Points
  • Phase 2 mapping has advanced drill targeting for Stelar Metals' maiden 3,000m RC drilling program.
  • Extraordinary tungsten market conditions due to China's export controls and US prohibition on Chinese-sourced tungsten.
  • Stelar Metals reports high-grade tungsten assay results from the Hill of Leaders Tungsten Project in Northern Territory.
  • Phase 2 results include seven samples exceeding 1% WO3, with the highest grade of 15.69% WO3.
  • Stelar Metals is planning a maiden RC bedrock drilling program and regional geochemical programs.
  • The high-grade tungsten mineralisation includes scheelite and wolframite in various orientations.
  • Phase 2 expanded the mineralised footprint into previously unsampled areas, confirming significant mineral potential.
  • Stelar Metals holds Exploration License EL33232 in the Northern Territory, with potential for a major tungsten discovery.
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.