Stellar Resources (SRZ) H2 2026 earnings summary

Executive summary

• Advanced the Heemskirk Tin Project in Tasmania, achieving major resource growth and technical de-risking, positioning for a development decision in late 2026.

• Raised $22.1 million, including a $17 million strategic placement to Metals X, strengthening the balance sheet and board expertise.

• Expanded exploration portfolio with new tenements and high-grade discoveries in tin, silver, tungsten, and critical minerals.

Financial highlights

• Net loss after tax for FY26 was $9.15 million, up from $8.04 million in FY25, mainly due to increased exploration and employee costs.

• Cash and term deposits at 30 June 2026 totaled $30.1 million, up from $6.1 million a year earlier.

• Net assets increased to $29.97 million from $5.48 million year-over-year.

• Share capital increased to $91.6 million following placements and option exercises.

Outlook and guidance

• Prefeasibility Study (PFS) for Heemskirk Tin Project nearing completion, with focus on increasing metal output and leveraging robust tin market fundamentals.

• Continued exploration and development of regional projects, with drilling and sampling planned for new tenements.