TIDMSTEL

RNS Number : 5294N

Stellar Diamonds PLC

09 August 2017

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

9 August 2017

AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")

Change of Registered Address

Stellar Diamonds plc (AIM: STEL) announces that the Company's registered address has changed to 40 Bloomsbury Way, Lower Ground Floor, London, WC1A 2SE and the Company's telephone number has changed to +44 (0) 20 7164 6371 with immediate effect.

About Stellar Diamonds plc

Stellar is an AIM listed (AIM: STEL) diamond development company focused on the 4.5 million carat high-grade and high value Tongo-Tonguma kimberlite diamond project in the world famous diamond fields of eastern Sierra Leone. An independently generated mine plan, based on over 66,000m of drilling that has been completed to date, envisages the production of over 4 million carats, generating gross revenues of more than US$1.5 billion, over a 21 year life of mine. Initial production at Tongo-Tonguma is scheduled to occur in the first year of development, building up to over 200,000 carats per annum, with a weighted average modelled diamond value of $239 per carat. The Tongo-Tonguma kimberlites have the potential to be the highest dollar per tonne of any kimberlites in Africa yielding a Post-tax NPV(8) of US$104 million attributable to Stellar and an IRR of 31%

** ENDS **

For further information contact the following or visit the Company's website at www.stellar-diamonds.com.

 
 Karl Smithson,     Stellar Diamonds plc        Tel: +44 (0) 20 
  CEO                Stellar Diamonds plc             7164 6371 
  Philip Knowles,                               Tel: +44 (0) 20 
  CFO                                                 7164 6371 
 Emma Earl          Cairn Financial Advisers    Tel: +44 (0) 20 
  Sandy Jamieson     (Nominated Adviser)              7213 0880 
 Jon Bellis         Beaufort Securities         Tel: +44 (0) 20 
                     Limited (Joint Broker)           7382 8300 
 Martin Lampshire   Peterhouse Corporate        Tel: +44 (0) 20 
                     Finance (Joint Broker)           7469 0930 
 
  Rory Scott         Mirabaud Securities 
                     (Financial Advisers)       Tel: +44 (0) 20 
                                                      7878 3360 
 Tim Blythe         Blytheweigh                 Tel: +44 (0) 20 
  Nick Elwes         (Financial PR)                   7138 3204

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 09, 2017 06:03 ET (10:03 GMT)

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