Stellar Resources Enters Term Sheet to Acquire Tasmania Project From Undisclosed Buyer; Shares Rise 4%

MT Newswires Live

2025/10/02

Stellar Resources (ASX:SRZ) has entered a conditional term sheet with a private individual to acquire the Granite Tor project in Tasmania, according to a Thursday filing with the Australian bourse.

Under the deal, the company will pay AU$35,000 in cash and issue 8 million of the company's shares, the filing said.

Upon acquisition, the company will start soil and stream sampling programs at the project, the filing added.

Shares of the company rose 4% in recent Thursday trade and earlier hit a 52-week high.

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