Tin will be drilled for on the West Coast and considered in the North-East as a mining hopeful buzzes about prices and market outlook.
Stellar Resources Limited said tin prices had soared to 10-year highs this year, with growing demand exceeding falling supply and stocks close to record lows.
"Tin is rated as the No. 1 new technology metal and is expected to continue to perform strongly," Melbourne-headquartered Stellar said in its March quarterly report.
It said its Heemskirk Tin Project, near Zeehan, had the highest grade undeveloped tin resource in Australia and the second highest in the world.
The company said a scoping study finished in 2019 confirmed attractive economics for the project and it was "well positioned to take advantage of this year's booming tin market".
Stellar in February announced it would start the first phase of a tin exploration drilling program, and later said the program would be expanded.
In the quarterly report, it said the program was expected to start in May, while a second phase was under review.
Some of the first phase work would involve targeting extensions at depth below historic silver-lead mines in the area.
Stellar said the highly mineralised Zeehan field had many historically significant high grade silver-lead mines.
Stellar is also keen to find gold in Tasmania's North-East, which it says continues the famed Victorian Western Lachlan Fold Belt and contains the Beaconsfield Gold Mine, the Mathinna and Lefroy goldfields and hundreds of smaller former gold mines and occurrences.
Stellar has lodged 12 exploration licence applications covering a large area of the North-East.
It said a number of gold targets were identified during the quarter and it planned to start on-ground exploration after exploration licences were granted (expected this year).
The on-ground exploration would "focus initially on soil and rock chip sampling and geochemistry to identify drill targets for the following year".
Stellar said a review of tin exploration potential within the North-East exploration licence areas was under way.