BUZZ-Australia's Stellar Resources slumps to 7-week low on discounted placement** Shares of Stellar Resources SRZ.AX fall as much as 6% to A$0.024, their lowest level since September 23
** Stock posts biggest intraday pct fall since November 5
** Mineral explorer to raise A$9 million ($5.85 million) via placement
** Issue price of A$0.022 per share represents a 12% discount to stock's last close
** Funds to be used towards development study costs at the Heemskirk Tin Project in Western Tasmania, others
** About 6.6 mln shares traded so far, about 2x 30-day average
** YTD, stock up 56.3%, including current session's move
($1 = 1.5389 Australian dollars)
(Reporting by Ananya Verma in Bengaluru)
((ananya.verma@thomsonreuters.com;))
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