FAIRSTAR RESOURCES LIMITED 
By FOR PERIOD ENDING 30 JUNE 2013
ASX Code: FASContact Details Unit 3, 136 Main Street, Osborne Park WA 6017
PO Box 1520
Osborne Park WA 6916
T: 08 9242 5111
F: 08 9242 5677
E: admin@fairstarresources.com
W: www.fairstarresources.com
ABN 38 115 157 689
Capital Structure
29th July 2013
Ordinary Shares on issue: 1,342 M
Share price: $0.013
Estimated market capitalisation: $ 17.45 M
Board Directors Kevin J Robertson MAICD Managing Director
Wayne N Wan
Director Non Executive
Con Markopoulos
Director Non Executive
Madhu Bhalla
Company Secretary
Photograph: Sample location at
Kurnalpi South
- 108g/t Au
Highlights for the Quarter: Steeple Hill Iron Project• FairStar secures irrevocable commitment to fund 80% ($AU260 million)
of Steeple Hill Iron Project (SHIP)
• Negotiations continue with a range of parties for remaining 20% funding and off take of SHIP ore
• Agreed budget retires FAS debt; Company debt free
• Additional access to funds from a credit line totalling $AU640 million if and when needed
• FRL Commodity Management mortgages discharged from SHIP
tenements
• Continued discussions with relevant parties/agencies regarding SHIP
development and transition to production
Other Projects• Up to 108g/t Au from rock chip sampling conducted at Kurnalpi in areas that previously returned good results
• Areas identified to conduct costeaning program at Kurnalpi
• Application for Program of Work approved by DMP at Kurnalpi for scraping and detecting purposes
• Auger sampling program conducted at Kurnalpi East
• Mining lease granted at Duchess of York Gold Project
Quarterly Report for period ending 30 June 2013
Details of Activities during the Quarter
As announced during the quarter, FairStar secured irrevocable commitment for 80% ($AU260 million) funding for its Steeple Hill
Iron Project (SHIP).
The funding deal between FairStar and Alliance Super Holdings Pty Ltd is non dilutive and will transition SHIP to production via a 50/50 profit sharing Joint Venture.
As part of the business plan and budget, all FairStar's debt will be retired and the Company will become debt free.
In addition, a line of credit totalling $AU640 million, above and beyond the $AU260 million invested by Alliance Super Holdings
- and well in excess of the $AU320 million capital/funding requirements for SHIP - has been secured as additional capital/funding available to the JV if and when needed.
FairStar confirmed that Alliance Super Holdings Pty Ltd and its affiliated and associated Companies have the funding in place, the only conditions remaining to be met are:
• FairStar securing its 20% and;
• Execution of formal JV agreement.
FairStar continues discussions with four parties to secure the 20% as well as off take.
The Company discharged the FRL Commodity Management mortgages following years of negotiations during which time no funds were advanced to FairStar by FRL.
FairStar continued discussions with all relevant parties and agencies regarding the development of the Project to ensure swift transition into mining and production.
Upon funding completion, the already approved drill program at SHIP North is anticipated to commence immediately.
Additional rock chip samples have been collected from an area previously sampled. Samples collected along a small quartz reef have returned results as high as 108g/t Au.
Previous sampling also returned results as high as 23.6g/t. Approximately 1.5kms from this area to the northwest and along the same strike, a row of old workings were located and the mullock from these workings sampled.
Results from the samples are highly encouraging with grades as high as 11g/t Au.
Photograph: Row of old workings located at Kurnapli South - assays as high as 11g/t Au
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Quarterly Report for period ending 30 June 2013
A review of historical data reveals no drilling was conducted in the area. Approval from the DMP has been granted to conduct a program of costeaning in the area. These costeans will allow for detailed mapping and additional sampling to be conducted. The costeaning is planned for July.
A Program of Work has also been approved by the DMP to enable scraping and metal detecting work to be done over several areas. This work will be conducted by prospectors under agreement with FairStar, to assist in identifying potential areas which may warrant bulk processing.
A small program of auger sampling was conducted over an area with moderate alluvial cover to the south of the Colour Dam Pit. From the Company's aeromagnetic imagery, an area was identified which had a similar signature to the Colour Dam Pit.
The program was designed to test material closer to the basement rather than the transported surface material. A total of 15 auger holes were drilled with a hand-held auger to a depth of approximately 600mm.
Samples were submitted and analysed for Silver, Arsenic, Chromium, Copper, Molybdenum, Nickel, Lead, Tungsten, Zinc and Gold. Sample number 15 returned anomalous values for Molybdenum and Copper.
An additional program is being planned to follow up these results. Planning is also underway for an initial air core
drilling program.
Photograph: Auger sampling at Kurnapli East
An Extension of Term Application for 5 years has been submitted to the DMP for tenement E28/1748 which was due to expire on the 1st of July.
A comprehensive evaluation was conducted during the Quarter to assess Killara tenements E51/1148, E51/1149, E51/1449 and
E51/1450. After careful consideration, the Company has decided to surrender all interest in these tenements.
Due to the location, difficult terrain, and high annual commitments, FairStar believes that exploration will produce better results and long term shareholder value at the Company's other Projects.
During the Quarter, Mining Lease 25/349 was granted over the Duchess of York area, which formerly consisted of three tenements
P25/1856-1858.
This project holds potential to host a sizeable gold resource and is located close to an existing treatment plant. Further exploration will be planned in the coming months.
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Quarterly Report for period ending 30 June 2013
All other tenements are in good standing as per the requirements of the DMP.
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Sheldon Coates, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Sheldon Coates is employed by Iron Resources Pty. Ltd, who is a consultant to FairStar Resources Ltd. Mr. Sheldon Coates has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Sheldon Coates consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
FairStar was listed in October 2006 and is a unique Perth-based uranium and gold explorer; and upon discovering Iron mineralisation at Lindsay's Dam commenced with its major Steeple Hill Iron Project (SHIP) that is strategically located near existing transport infra-structure with a clear and unencumbered path to production for relatively low capital expenditure.
FairStar will fast track development and production of its high-value Steeple Hill Iron Project with significant Indicated Resource estimate of hematite rich gravels, which produces a hematite fraction of Direct Shipping Ore to deliver immediate and substantial cash flows.
Significantly, FairStar believes it will be cash flow positive from its first year of production at SHIP.
This will be used to increase shareholder value and fund further high-value projects such as the gold tenements at Kurnalpi, Duchess of York - Hickmans Find and Music Well, along with uranium and base metals at Mt Padbury and Killara.
FairStar has an extensive portfolio of projects straddling 840 Km2 and remains committed to an aggressive expansion campaign to bolster its resource inventory and quickly transition the company from a junior explorer to a highly competitive producer of iron ore, gold and uranium.
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