18 Sep 2017 07:00
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, CEO Philip Knowles, CFO | Stellar Diamonds plc Stellar Diamonds plc | Tel: +44 (0) 20 7164 6371 Tel: +44 (0) 20 7164 6371 |
Emma Earl Sandy Jamieson | Cairn Financial Advisers (Nominated Adviser) | Tel: +44 (0) 20 7213 0880 |
Jon Bellis | Beaufort Securities Limited (Joint Broker) | Tel: +44 (0) 20 7382 8300 |
Martin Lampshire
Rory Scott | Peterhouse Corporate Finance (Joint Broker)
Mirabaud Securities (Financial Advisers) | Tel: +44 (0) 20 7469 0930
Tel: +44 (0) 20 7878 3360 |
Tim Blythe Nick Elwes | Blytheweigh (Financial PR) | Tel: +44 (0) 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%.