Advancing flagship Tongo – Tonguma multi kimberlite dyke project to mine production in Sierra Leone with continued evaluation of the Baoulé kimberlite pipe in Guinea.
Stellar holds a portfolio of advanced diamond assets in Sierra Leone and Guinea. The main focus is on the Tongo – Tonguma project which is advancing towards mine capitalisation.
At Tongo – Tonguma, Stellar has completed an independent Preliminary Economic Assessment which demonstrated a financially robust and high margin 21 year life of mine over an initial inferred diamond resource (across Tongo and Tonguma) of 4.5 million carats at grades of between 100cpht and 260cpht and diamond values of between $209/ct and $310/ct.
At Baoule, trial mining evaluation of the 5 hectare kimberlite in the renowned Aredor mining area of Guinea continues. To date over +11,000 carats have been produced and four diamond sales totalling over US$ 1.2M completed with the most recent sale in July 2016.
Tongo Dyke 1 Diamonds
Baoule Mining Operation