Stellar Resources (SRZ) H2 2025 earnings summary

Executive summary

• Advanced the Heemskirk Tin Project with a comprehensive Prefeasibility Study (PFS), confirming strong project economics and resource expansion potential.

• Extensive drilling at Severn and Queen Hill deposits yielded high-grade, wider-than-expected tin intersections, supporting resource upgrades.

• Ore sorting and metallurgical studies demonstrated significant potential for cost reduction and operational efficiency.

• Strategic regional position strengthened with new exploration licenses and infrastructure MOUs.

• Board and management team enhanced to support project development.

Financial highlights

• Net loss after tax for FY2025 was $8,039,007, up from $2,251,132 in FY2024, mainly due to increased exploration and employee costs.

• Cash and term deposits at 30 June 2025 totaled $6,144,565, down from $10,418,113 the previous year.

• Net assets decreased to $5,478,489 from $10,658,729 year-over-year.

• Operating cash outflow was $6,741,970, reflecting higher exploration activity.

Outlook and guidance

• Focus for FY2026 is on completing the PFS, updating Mineral Resource Estimates, and advancing towards a development decision for Heemskirk.

• Continued exploration and evaluation of regional projects and potential infrastructure partnerships.