Stellar Resources non executive chairman adds to shareholding

Jan. 05, 2012 11:36 PM ET
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Stellar Resources (ASX: SRZ) non-executive chairman Phillip Harman has increased his indirect shareholding in the company by 55,000 shares.

Harman acquired the shares on market on 29 December 2011 for a consideration of A$4,675, providing an average entry price of $0.085.

In mid-November Stellar released assays indicating the potential for economic widths of ore grade tin mineralisation below the presently defined 2.4 million tonne Severn deposit at the Heemskirk project in Tasmania.

Intersections from the latest drill hole included 6 metres at 1.1% tin from 531 metres, including 1 metre at 2.2% tin, 1 metre at 1.2% tin from 427 metres, and 1 metre at 0.9% tin from 550 metres.

The results indicate that there is potential to upgrade the Inferred Resource at Severn with additional drilling.

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