Stelar Metals Limited has received multiple new laboratory rock-chip assays confirming a broad area of high-grade zinc mineralisation at its 100%-owned Linda Zinc Project in South Australia. Stelar has five projects that are 100% owned by Stelar Metals and are located in South Australia's premier world class exploration and mining district. Stelar announced in November 2022 that its extended soil sampling over the broader Linda region had more than doubled the size of the coherent Linda surface footprint to over 600m x 300m area.

New, additional, laboratory assay results of surface rock-chip samples taken across the expanded area confirm the presence and distribution of high-grade zinc mineralisation with 24 out of 48 new samples returning over 5% zinc assays. Multiple surface rock-chip samples have now returned over 20% zinc across the length and breadth of the anomaly reflecting the significance of the zinc mineralisation distribution at Linda. Further detailed mapping to optimise drill program design is planned for early 2023 alongside additional surface sampling programs. The sampling will focus on areas outside of the main Linda Prospect that have been recently discovered by Stelar including at the contact with the Linda Breccia; to the west of Linda where stratigraphic contacts contain visible mineralisation; and to the south in NeoProterozoic units of Wonoka Formation carbonates.

Land access negotiation is also progressing with plans to commence drilling at Linda as soon as possible in 2023.