Stelar Metals Limited announced the acquisition of four exploration licences located in the Broken Hill Block of New South Wales from Everest Metals Corporation Limited. The Trident Lithium Project extends over the Euriowie Tin Field in the northern part of the larger Trident Project (EL 8736) and is considered prospective for pegmatite hosted lithium mineralisation. One of the largest number of recorded pegmatites in NSW occur in the Curnamona Province and the majority of those are found in the Euriowie Tin Field, where tin was historically mined for over a hundred years.

Most of the large hard-rock lithium spodumene deposits and mines around the globe (e.g. Greenbushes, Pilgangoora, Wodgina, Finniss) are associated with historic tin and tantalum mining from pegmatites. However, interest in lithium in these tin-tantalum pegmatites only commenced in Australia in recent years due to the high demand of this critical metal for lithium batteries which are needed for electric vehicles (EVs) and global electrification. Similar to the early-stage exploration at Core Lithium's Finniss Lithium Project, historical lithium exploration is very limited and there has been no previous drilling into the main lithium bearing pegmatites within the Trident Lithium Project.