Stellar Diamonds, the London-listed diamond development company focused on West Africa, is fast-tracking its Baoulé Kimberlite project to trial mining in 2014 in a prolific diamond region of Guinea, West Africa.
The company has announced a strategic focus on fast tracking trial mining at the 5ha Baoulé kimberlite pipe, which will utilise Stellar’s existing in-country mining plant and equipment with the objective to generate early cash flow and determine the diamond grades and value.
Stellar is also in the process of dismantling and relocating its 100 tonne per hour DMS processing plant which was used for mining at the Mandala alluvial diamond project in Guinea. The expected timetable is that the processing plant will be ready to commission and process initial diamondiferous and weathered kimberlite material by the end of August 2014. Once the plant is operating efficiently then trial mining production will commence.
“The diamondiferous Baoulé pipe is located in the heart of the Aredor diamond district of Guinea which has historically yielded very large, high value diamonds from alluvial mining. With an internal resource estimate of at least 3 million carats at the lower end of the grade scale of between 13-40cpht we are excited to further unlock the value in this high tonnage project. With this in mind, Stellar’s near term objective is to generate cash flow from trial mining of the pipe and to increase our confidence in the diamond grades and values,” said Stellar Diamonds chief executive Karl Smithson.
“We have already made progress establishing the local infrastructure for the project and we are in the process of relocating our significant earth moving and kimberlite processing plant, already located in Guinea, to the Baoulé pipe. We expect to commission the processing plant in August 2014 and our recently completed financing means that Stellar is fully funded to move Baoulé into the trial mining stage and in-turn cash flow. We are also fully funded to continue bulk sampling and diamond value modelling for the definitive feasibility study underway at our 1.1 million carat Tongo kimberlite project in Sierra Leone. I look forward to reporting on developments from both of our exciting diamond developments over the coming months in what has already been a highly active year for Stellar.”
Minister: Progress being made in the platinum wage negotiation impasse
Stellar Diamonds fast-tracks Guinean Baoulé Kimberlite project
Cap lamp launch brightens the future of SA underground mine safety