Stellar Diamonds, AIM-listed diamond development company focused on West Africa, has exported a diamond parcel of 3 341 ct to Antwerp. The diamonds were obtained from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea.
Stellar Diamonds said in a statement that the goods will be cleaned and assorted prior to a planned auction which is expected to take place in March.
This is the company’s third diamond sale and will form part of the on-going trial mining evaluation of the Baoulé pipe in order to determine the diamond grade and value of the deposit.
Stellar Diamonds’ objective is to mine and process 100 000 t of kimberlite, which is now over 70% complete and is yielding results in line with expectations.
Based on the current grade realised and previous drilling results the company is still targeting a resource in the region of 3 million carats at Baoulé.
To date some 8 830 carats have been recovered from the trial mining. Two diamond sales, totalling 5 173 carats and generating revenues of over US$700 000 have been completed in 2015.
The company said that further information on the planned diamond auction will be given once the final schedule has been confirmed.