Stellar Diamonds PLC Corporate Presentation Update
18 September 2017 - 4:01PM
RNS Non-Regulatory
TIDMSTEL
Stellar Diamonds PLC
18 September 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
18 September 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Corporate Presentation Update
Stellar Diamonds plc (AIM: STEL) the London-listed diamond
development company focused on Western Africa, advises that the
Company has updated its presentation on the 4.5 million carat
Tongo-Tonguma mine development project in Sierra Leone. This
presentation can be found on the Company's website
http://stellar-diamonds.com/investors/presentations.
**ENDS**
For further information contact the following or visit the
Company's website.
Karl Smithson, Stellar Diamonds plc Tel: +44 (0)
CEO Stellar Diamonds plc 20 7164 6371
Philip Knowles, Tel: +44 (0)
CFO 20 7164 6371
Emma Earl Cairn Financial Advisers Tel: +44 (0)
Sandy Jamieson (Nominated Adviser) 20 7213 0880
Jon Bellis Beaufort Securities Tel: +44 (0)
Limited (Joint Broker) 20 7382 8300
Martin Lampshire Peterhouse Corporate Tel: +44 (0)
Finance (Joint Broker) 20 7469 0930
Rory Scott
Mirabaud Securities Tel: +44 (0)
(Financial Advisers) 20 7878 3360
Tim Blythe Blytheweigh Tel: +44 (0)
Nick Elwes (Financial PR) 20 7138 3204
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%.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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