Stelar Metals Expands Critical Minerals Portfolio with Tungsten Project Acquisition
Stelar Metals Limited (ASX: SLB) has signed an earn-in agreement with F&H Brothers Metals Pty Ltd, securing the option to acquire 100% of the Hill of Leaders Tungsten Project in the Northern Territory. The acquisition strengthens the company’s exposure to critical minerals at a time of rising global demand for tungsten across defence, electrification, semiconductors, and mining industries. The Hill of Leaders project spans a large prospective area near Tennant Creek and has shown strong geological similarities to the nearby Hatches Creek tungsten deposit. Historical exploration identified high-grade tungsten mineralisation through rock chip sampling and shallow aircore drilling, including results of up to 6.1% WO3 and notable copper values.
Stelar plans to undertake a phased reverse circulation drilling program to test mineralisation beneath the existing surface vein systems and evaluate the project’s scale potential. Management highlighted the company’s prior success in developing critical minerals projects in the Northern Territory, including involvement in the Finniss Lithium Project. Under the transaction terms, Stelar will make an initial cash payment and issue shares to the vendor, while committing to drilling and exploration expenditure over the first 12 months. Additional milestone payments may be triggered based on future drilling and resource outcomes.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Stelar Metals Expands Critical Minerals Portfolio with Tungsten Project Acquisition
Stelar Metals Limited (ASX: SLB) has signed an earn-in agreement with F&H Brothers Metals Pty Ltd, securing the option to acquire 100% of the Hill of Leaders Tungsten Project in the Northern Territory. The acquisition strengthens the company’s exposure to critical minerals at a time of rising global demand for tungsten across defence, electrification, semiconductors, and mining industries. The Hill of Leaders project spans a large prospective area near Tennant Creek and has shown strong geological similarities to the nearby Hatches Creek tungsten deposit. Historical exploration identified high-grade tungsten mineralisation through rock chip sampling and shallow aircore drilling, including results of up to 6.1% WO3 and notable copper values.
Stelar plans to undertake a phased reverse circulation drilling program to test mineralisation beneath the existing surface vein systems and evaluate the project’s scale potential. Management highlighted the company’s prior success in developing critical minerals projects in the Northern Territory, including involvement in the Finniss Lithium Project. Under the transaction terms, Stelar will make an initial cash payment and issue shares to the vendor, while committing to drilling and exploration expenditure over the first 12 months. Additional milestone payments may be triggered based on future drilling and resource outcomes.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au