Stellar Resources Limited has announced a six‐month extension to its non-binding Memorandum of Understanding with Australian Hualong Pty Ltd. The arrangement covers the Comstock site, an area immediately adjacent to the Heemskirk Tin Project in Western Tasmania. The Comstock site boasts several key infrastructures, including tailings storage facilities, a water supply system, access to grid power, a waste rock dump, a ROM pad, and dedicated plant facilities, which are located just 4km from Heemskirk via Trial Harbour Road. The company is in the advanced stages of its Prefeasibility Study, evaluating multiple options to develop Heemskirk. These options range from constructing a standalone project, leveraging existing regional assets such as toll treatment facilities, or a hybrid approach combining both elements. The study builds on the previous 2024 scoping study that envisioned a compact underground operation with a small surface footprint, utilising Tasmania’s renewable grid power. A reputable engineering firm has been commissioned to lead the analysis of tailings storage facility options, comparing the use of the Comstock site against other potential sites in the area. In addition to the infrastructure extension, Stellar Resources Limited aims to boost production targets at Heemskirk. While the scoping study originally estimated production at 1,900 tonnes per annum of payable tin over a 12-year mine life, the company now aspires to reach between 3,000 and 3,500 tonnes per annum during the first 6 to 10 years of production. It is important to note that this production goal is aspirational, and the company has issued a cautionary statement regarding its achievement. The current initiative is part of a broader strategy to drive project optimisation through continued resource drilling and ore sorting test work while incorporating regional assets and infrastructure efficiencies. Bullish sentiment arises from the extension of the MOU, which provides Stellar Resources Limited with secured access to crucial infrastructure that could potentially lower capital expenditure and expedite project development. The focus on utilising local renewable energy and existing regional facilities adds an environmentally friendly and cost-efficient dimension to the project. On the other hand, bearish sentiment is driven by the aspirational nature of the elevated production targets, alongside inherent risks associated with forward-looking statements and the uncertainties typical of mining project advancements. Investors should remain cautious as the Prefeasibility Study continues and technical and economic assessments evolve.