News Articles for Stelar Metals

This week's Bulls N' Bears Runner of the Week is … the ASX itself. The ASX 200 hit an all-time high of 8083.7 points, indicating to investors that there may just be green shoots and blue skies ahead. Small-cap companies that ran hard during a promising week included DGR Global, Labyrinth Resources, Miramar Resources and Stelar Metals.

The JV between Everest Metals and Stelar Metals has wasted no time in declaring the duo's Trident Project has potential to host economic quantities of Greenbushes-style lithium. Field work is set to start with drilling planned for mid-2023 at the NSW project covering over 750 square kilometres of tenements. The joint venture is researching geophysical techniques to identify those that can potentially map the size, shape and location of pegmatites at depth to optimise potential lithium drill targets.

Everest Metals has signed a binding joint venture agreement with Stelar Metals covering all of its large Broken Hill NSW projects and giving Stelar a 90 per cent interest. Everest Metals will receive $250,000 cash and a similar value in Stelar shares upfront. Milestone payments add a further $500,000 in cash or shares. The company says it retains a 10 per cent free-carried interest.

Our board moves wrap includes Gabriel Chiappini, John Kolenda, Peggy Liao, James Doyle, Stephen Promnitz, and Jack Rosagro.