Stellar Diamonds STEL.LN Shining Bright in Sierra Leone
Stellar Diamonds is London AIM's leading diamond exploration company today announce a maiden resource for the Tongo kimberlite dyke project in eastern Sierra Leone.
With ex De Beers people steering the ship, Sierra Leone on the up and China falling in love with diamonds like never before and with leading London Broker Daniel Stewart supporting them in the market, Stellar have a future brighter than diamonds.
With ex De Beers people steering the ship, Sierra Leone on the up and China falling in love with diamonds like never before and with leading London Broker Daniel Stewart supporting them in the market, Stellar have a future brighter than diamonds.
Highlights:
· 660,000 carats JORC compliant inferred resource for Dyke-1
· Resource grade of 120 carats per hundred tonnes (+1.0mm cut-off)
· High quality diamond value, modelled at between $225 per carat to $270 per carat (+1.0mm cut-off)
· In-situ contained diamond value estimated by Stellar to be between $148m and $178m to date
· The kimberlite remains open along strike and at depth
· Potential to grow the resource at Dyke-1 as well as adjacent dykes
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