Sign In
29 Mar 2018 10:58
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
29 March 2018
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Result of AGM
Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, announces that at the Company's Annual General Meeting held earlier today all resolutions were duly passed.
For further information contact the following or visit the Company's website at www.stellar-diamonds.com.
Karl Smithson, CEO | Stellar Diamonds plc | Tel: +44 (0) 20 7010 7686
|
Sandy Jamieson, Liam Murray | Cairn Financial Advisers (Nominated Adviser) | Tel: +44 (0) 20 7213 0880 |
Martin Lampshire
| Peterhouse Corporate Finance (Broker) | Tel: +44 (0) 20 7469 0930 |
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$1.2 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 $229 per carat. The Tongo-Tonguma mine is currently estimated to give Stellar an attributable a Post-tax NPV(8) of US$112 million and IRR of 31%.
** ENDS **
Follow the stocks
