West Africa-focused Stellar Diamonds' (LON:STEL) shares rose after it confirmed further high diamond grades had been returned from the bulk sampling programme under way at its 1.1 million carat Tongo dyke kimberlite project in Sierra Leone.

Highlights included:

- Initial sample processing yielded 151 carats from 141t of kimberlite for a grade of 107cpht with further results expected approximately every four weeks

- Anticipated that diamond grade will increase as further diamonds are recovered following re-processing

- Outstanding quality of diamonds classified as 86% gem quality with several stones greater than 1 carat in size

- Bulk sampling on-going with 772 tonnes collected to date as part of the Dyke-1 mining DFS

- Objective to recover a minimum 1,000 carat parcel for diamond grade and value confirmation

- Previous results established a grade of 120cpht at US$248 per carat from a 1,050 carat parcel

- Definitive Feasibility Study ("DFS") expected to be completed in 2014, culminating in a production decision at Tongo Dyke-1

I'm in ..worth a punt... let's see what happens!

I've had this on my watch list for a few weeks now skyhigh, as you say it's surely worth a punt.

Daniel Stewart have a 24p target price on this.

edit previous post - their target is 27p !

DS target may be a bit far fetched but STEL does have much further to rise (imo)

SP doing nicely today (since I create thread in fact!, spooky)

Looking at the chart, I would think that the Northland Capital Partners target price of 4.3p to 5.5p looks far more realistic in the short term. 27p seems a bit off the wall right now. :-)

skyhigh - you should do spooky more often! I just happened to be looking at one or two penny tiddlers to have a speculative punt on this morning and noticed you has started this thread. I was a bit slow off the mark, but managed to get in at 1.8p - so far so good and looking forward to the next update.

Welcome aboard db4.
Still a good price to get in at.. (i'm in at 1.55p from last week. I think we'll both do well from this one...must be a potential 4 or 5 bag from here in the short term (imho) >>> GL

Exercise of Warrants
RNS
RNS Number : 9292A
Stellar Diamonds PLC
26 February 2014















NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.



26 February 2014



AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")



Exercise of Warrants



Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce it has raised £314,914 following the exercise of 28,628,545 warrants at a price of 1.1p each by existing investors Foradex Invest SRL ("Foradex") and Hottinger (Adam & Co.) ("Hottinger"). The Company is pleased to see the continued support of large shareholders, with the funds being used to further progress its flagship 1.1 million carat resource Tongo Dyke-1 kimberlite project in Sierra Leone which is currently undergoing a definitive feasibility study.



Stellar Diamonds Chief Executive Karl Smithson commented, "The exercise of these warrants underpins the supportive nature of our major shareholders and the prospectively of our project portfolio, particularly Tongo where recent results from bulk sampling taken for the DFS were outstanding, and confirmed the continued high grade nature of the 1.1 million carat resource. We are at an exciting juncture in the development of our company as we advance Tongo towards production and look forward to providing regular updates on the progress being made."



Stellar has issued 28,628,545 new ordinary shares of 1p each (the "New Ordinary Shares") following the exercise of warrants. The warrants were issued as part of the subscription announced on 17 December 2013. Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around 3 March 2014. The New Ordinary Shares will, when admitted, rank pari passu in all respects with the existing ordinary shares.

skyhigh - thanks for the welcome, here and on the other board! :-)

Stellar Diamonds confident of expanding resource base to 7.5mln carats this year
By Jeremy Naylor February 27 2014, 12:38pm


Karl Smithson, chief executive of Stellar Diamonds, tells Proactiveinvestors he is confident of getting the resource base to the 'seven-and-a-half million carat mark' this year. At current diamond pricing that adds up to US$1bn of 'target value', he added.

www.proactiveinvestors.co.uk

Sparkling prospect: Stellar Diamonds eyes big boost to resource base
By Ian Lyall March 03 2014, 11:13am

The 67% spike in Stellar Diamonds’ (LON:STEL) share price in the year to date has alerted investors to its presence.

However, its current market value almost certainly fails to recognise the explorer’s huge potential.

The plan for the current year is simple: produce a definitive feasibility study for the Tongo Project in Sierra Leone, while compiling a maiden resource for Baoule in Guinea.

In doing this it hopes to boost its resource base to 7.5mlm carats, which at current diamond prices adds up to a contained value of just over US$1bn.

If it hits those milestones then expect a re-rating of the stock, although you could see a decent bump if the company can resolve its long-running wrangle over the ownership of the Kono Project in Sierra Leone.

Stellar chief executive Karl Smithson told Proactive Investors: “If we do get that back people will look at Sierra Leone and us a little bit differently in politically de-risking our assets. And of course we will have this great project [Kono] back as well.”

However, the predictable news flow will come from Tongo and the exploration work on Baoule.

Tongo is the most advanced of the portfolio and, according to Smithson, geologically de-risked after bulk sampling programme that has helped compile a 1.1mln carat resource.

A second bulk sample is underway to support the definitive feasibility study due out later this year with the aim of recovering a minimum of 1,000 carats.

Previous results established a grade of 120 carats per hundred tonnes at US$248 per carat; 86% of the stones were of gem quality.

Eye-catching also are the costs for developing the project, which, at US$16mln over two years, are cheap for any mining project, particularly an underground development.

It is also worth pointing out that the current resource has been compiled from the first of four kimberlite dykes.

Samples have been taken from dykes two and three, which indicate potential grades of 140 and 185 carats per hundred tonnes respectively.

A larger bulk sample on Dyke-Four points to a grade of around 110 carats per hundred tonnes and a value of US$140 a carat.

Last year’s scoping study underlined the potential of Dyke-One as it pointed to life of mine cash flows of US$169mln, although this is based on recovering just 638,000 carats from the potential 1.05mln.

If we take the higher figure, then cash flows rise to US$412mln, the net present value is US$53.1mln and the internal rate of return of is 32%.

Of course there will be more granularity on the economics when the DFS is published in the second half of the year.

Key to increasing the resource estimate will be the development of Baoule, a large diamondiferous pipe in the Aredor region of Guinea, a renowned diamond district.

There is a wealth of information on the alluvial diamonds from the area, which, at US$400 a carat, are of the very highest quality.

The suspicion is that the Baoulé kimberlite may be one of the sources for these stones.

The project was explored in the early to mid noughties by Rio Tinto (LON:RIO) and bulk sampling was carried out by the Trivalence Mining Corp, which means there is plenty of historic data, which Stellar has access to.

Stellar is targeting an initial 22mln-tonne resource that could be mined as an open pit down to 300 metres.

The estimated grade is 13-40 carats per hundred tonnes though even at that lower figure, this gives a resource of 3mln carats.

The value of the stones is put very conservatively at US$200 a carat, although the quality of the alluvial diamonds found in the area suggests this number might rise.

The group will earn 75% of Baoule by spending US$5mln, which will be a combination of cash and assets moved into the joint-venture company.

The plan would be to move equipment currently at the company’s Droujba project 60 kilometres away, which would allow Stellar to begin bulk sampling.

This and the planned 10,000 metre drill programme would allow the group to compile a maiden resource for Baoulé by the year-end targeting 3mln carats.

Smithson said: “This is a different beast to Tongo – it is going to be a large open-pit.”

As well as Tongo, Baoulé and Kono, the group owns the3 million carat Droujb project, a kimberlite pipe, and Mandala, an alluvial discovery. Both are in Guinea and both could restart production when the prices of rough diamonds improve.

Currently the resource base stands at just under 4mln carats. Mentioned earlier, the group is targeting an initial resource of 3mln carats for Baoule, which, with an additional 500,000 carats for Tongo would give a total of just under 7.5mln carats, or a contained value of US$1.1bn.

“We have kept our heads down for the last couple of years,” Smithson says of the work it has taken to get to this stage.

“Like most junior resource stocks we have taken a bit of a beating over the last few years. But we now see a general improvement in sentiment towards the small-caps and diamond companies in particular, particularly those with production or near production assets like Stellar.”

Next set of drilling results due out very soon.

Article published earlier this week:

SMALL CAPS FOCUS: Stellar year ahead for diamonds explorer as it looks to boost its resource base

By Ian Lyall, Proactive Investors

PUBLISHED:14:55, 10 March 2014| UPDATED:15:27

The 93 per cent spike in Stellar Diamonds’ share price in the year to date has alerted investors to its presence. However, its current market value almost certainly fails to recognise the explorer’s huge potential, according to chief executive Karl Smithson.

The plan for the current year is simple: produce a definitive feasibility study for the Tongo Project in Sierra Leone, while compiling a maiden resource for Baoule in Guinea.


In doing this it hopes to boost its resource base to 7.5million carats, which at current diamond prices adds up to a contained value of just over US$1billion.

If it hits those milestones then expect a further re-rating of the stock, although you could see a decent bump if the company can resolve its long-running wrangle over the ownership of the Kono Project in Sierra Leone.

Smithson told Proactive Investors: ‘If we do get that back people will look at Sierra Leone and us a little bit differently in politically de-risking our assets. And of course we will have this great project [Kono] back as well.’





However, the predictable news flow will come from Tongo and the exploration work on Baoule. Tongo is the most advanced of the portfolio and, according to Smithson, geologically de-risked after bulk sampling programme that has helped compile a 1.1million carat resource.

A second bulk sample is underway to support the definitive feasibility study due out later this year with the aim of recovering a minimum of 1,000 carats. Previous results established a grade of 120 carats per hundred tonnes at US$248 per carat; 86 per cent of the stones were of gem quality.


Eye-catching also are the costs for developing the project, which, at US$16million over two years, are cheap for any mining project, particularly an underground development. It is also worth pointing out that the current resource has been compiled from the first of four kimberlite dykes.






Samples have been taken from dykes two and three, which indicate potential grades of 140 and 185 carats per hundred tonnes respectively. A larger bulk sample on Dyke Four points to a grade of around 110 carats per hundred tonnes and a value of US$140 a carat.


Last year’s scoping study underlined the potential of Dyke One as it pointed to life of mine cash flows of US$169million, although this is based on recovering just 638,000 carats from the potential 1.05million.


If we take the higher figure, then cash flows rise to US$412million, the net present value is US$53.1million and the internal rate of return of is 32 per cent.


Of course there will be more granularity on the economics when the DFS is published in the second half of the year. Key to increasing the resource estimate will be the development of Baoule, a large diamondiferous pipe in the Aredor region of Guinea, a renowned diamond district.


There is a wealth of information on the alluvial diamonds from the area, which, at US$400 a carat, are of the very highest quality. The suspicion is that the Baoulé kimberlite may be one of the sources for these stones.


The project was explored in the early to mid noughties by Rio Tinto and bulk sampling was carried out by the Trivalence Mining Corp, which means there is plenty of historic data, which Stellar has access to.


Stellar is targeting an initial 22million-tonne resource that could be mined as an open pit down to 300 metres. The estimated grade is 13-40 carats per hundred tonnes though even at that lower figure, this gives a resource of 3million carats.

The value of the stones is put very conservatively at US$200 a carat, although the quality of the alluvial diamonds found in the area suggests this number might rise. This would get the group to the magic US$1billion of value in the ground – not bad for a company currently worth US$16.5million.


‘We have kept our heads down for the last couple of years,’ Smithson says of the work it has taken to get to this stage.

‘Like most junior resource stocks we have taken a bit of a beating over the last few years.

‘But we now see a general improvement in sentiment towards the small-caps and diamond companies in particular, particularly those with production or near production assets like Stellar.’

Ian Lyall writes for Proactive Investors. For more on the market's most exciting growth stocks, go to proactiveinvestors.co.uk

The late afternoon jump in the share price would suggest a leak of the drilling results due out any day.

Looking good!

I was thinking about perhaps buying into boohoo today, but decided to have a little top-up here on the dip instead !

Something strange going on with these shares.

Market makers show 1.85 bid 1.95 offer on screen

Just done a dummy deal

Got quoted 1.93p to sell 70000 instead of 1.85p

Got quoted 1.92p to buy 70000 instead of 1.95p

Note I get a better deal by selling them than buying them!!!

How does that work?

Great rns this morning

Continued High Grade and Diamond Quality at Tongo
RNS
RNS Number : 5200C
Stellar Diamonds PLC
18 March 2014















NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.



18 March 2014



AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")



Continued High Grade and Diamond Quality at Tongo Project, Sierra Leone



Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that bulk sampling at its 1.1 million carat resource Tongo kimberlite dyke project in Sierra Leone continues to yield high grades and exceptional quality diamonds.



Highlights:



· Continual high grade results from bulk sampling programme at Dyke-1 of Tongo Project as part of Definitive Feasibility Study ('DFS')

· Consistent outstanding gem quality diamonds recovered with stones up to 6.7 carats in size

· Processing to date has yielded 551.6 carats at an average grade of 126.3cpht

· Grade anticipated to increase as further diamonds are recovered from re-processing

· Objective to recover a minimum 1,000 carat parcel for diamond grade and value confirmation

· Previous results established a grade of 120cpht at a modelled value of US$248 per carat

· DFS on Dyke-1 targeted to be completed by YE 2014, with production decision to follow



Stellar Diamonds Chief Executive Karl Smithson commented, "The results from the on-going bulk sampling programme are excellent and continue to underscore the high grade nature of the Tongo Dyke-1 kimberlite. The presence of larger gem stones up to 6.7 carats in size bodes well for the diamond valuation, which will be undertaken as part of the definitive feasibility study that is on track for delivery towards the end of 2014. Our bulk sampling programme will continue with the objective of recovering a parcel of at least 1,000 carats for diamond grade and value modelling on the current 1.1 million carat JORC compliant resource, calculated on one of four diamondiferous dykes on the project."

UPDATE - Stellar shares up 9%, Tongo programme continues to unearth 'exceptional' stones
By Ian Lyall

March 18 2014, 11:15am



Shares in Stellar Diamonds (LON:STEL) rose 9% after it said it continued to recover high grades and ‘exceptional’ quality stones from its Tongo kimberlite dyke project in Sierra Leone.

So far the group has recovered 551.6 carats from its bulk sampling programme at an average grade of 126.3 carats per hundred tonnes, which is higher than the estimated grade 120 carats per hundred tonnes.

Not just that, a number of ‘outstanding’ gem quality diamonds have been uncovered with stones up to 6.7 carats in size.

Stellar said it anticipates the grade will increase as further diamonds are recovered from re-processing.

The bulk sampling of the 1.1mln carat Tongo dyke is taking place as part of the definitive feasibility study, which is on track for completion by the end of this year.

Chief executive Karl Smithson said: “The results from the on-going bulk sampling programme are excellent and continue to underscore the high grade nature of the Tongo Dyke-1 kimberlite.

“The presence of larger gem stones up to 6.7 carats in size bodes well for the diamond valuation, which will be undertaken as part of the definitive feasibility study that is on track for delivery towards the end of 2014.

“Our bulk sampling programme will continue with the objective of recovering a parcel of at least 1,000 carats for diamond grade and value modelling on the current 1.1 million carat JORC compliant resource, calculated on one of four diamondiferous dykes on the project.”

At 11.15pm, the stock, up almost 100% in the year to date, rose 0.17p to 2.07p. Broker Daniel Stewart holds a price target of 5p, suggesting there is plenty of headroom for growth.

Interim Results Release Date and Investor Evening
RNS
RNS Number : 6308C
Stellar Diamonds PLC
19 March 2014















NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.



19 March 2014



AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")



Release Date for Interim Results and Proactive Investors Presentation Evening



Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that the Company's Interim Results for the six months to 31 December 2013 will be released on Thursday 20 March 2014.



In addition Stellar Diamonds will be presenting at the Proactive Investors One2One Investor Forum at 6pm on Thursday 20 March 2014 at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB. CEO Karl Smithson will outline development at the Company's two core projects, the Tongo Kimberlite Dyke Project in Sierra Leone and the Baoulé Kimberlite Pipe Project in Guinea. To register for the event please click on the following link http://www.proactiveinvestors.co.uk/register/event_details/222.

All looking good & bubbling under!

Thanks for your postings db4..this looks a double bagger this year at least (imho)

skyhigh - yes, bubbling up nicely !

Interim Results
RNS
RNS Number : 7391C
Stellar Diamonds PLC
20 March 2014















NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

20 March 2014

AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")



Interim Results for the six months to 31 December 2013



Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce its unaudited interim results for the six months to 31 December 2013.



Highlights

· Tongo Kimberlite Dyke Project, Sierra Leone ("Tongo"):

o Significant de-risking of high grade Tongo project

o Resource increased to 1.1 million carats for Dyke-1

o Economic scoping study leads to robust project NPV10 of US$53.1 million, a 32% IRR and a projected 17 year life of mine at a significantly low-cost starting capex of US$16 million

o Commenced further bulk sampling at Dyke-1 for enhanced diamond value modelling as part of a
Definitive Feasibility Study ("DFS") targeted for delivery in Q4 2014

o Post-Period end bulk sample results returned further high grades at an average of 126.3cpht and
outstanding gem quality diamonds - results are on-going

o Additional resource potential from three remaining dykes at Tongo

· Baoulé Kimberlite Pipe Project, Guinea ("Baoulé"):

o JV signed for 75% working interest in Baoulé located in Guinea's most renowned diamond mining district, Aredor

o Development has commenced post period end with a target to define a 3 million carat JORC resource by YE 2014

· Droujba Project, Guinea:

o Diamond resource increased to 3.1 million carats

o Project placed on care and maintenance in anticipation of higher diamond prices

· Mandala Project, Guinea:

o Alluvial mining licence renewed for a further 5 year period

o Project remaining on care and maintenance in anticipation of higher diamond prices

· Kono Project, Sierra Leone:

o Resolution to licence dispute continues through dialogue with the Ministry of Mines

· Financial:

o Total of £1.87 million raised through placing of shares and exercising of warrants demonstrating strong support from Board of Directors and existing major shareholders

o £0.8 invested in the pursuit of advancing key projects through economic scoping studies and into
feasibility study stage with the objective of reaching a production decision on Tongo and defining a 3
million carat resource at Baoulé by Q4 2014



Stellar Diamonds Chief Executive Karl Smithson commented, "We are delighted by the progress made at our flagship high grade Tongo project over the period which shows robust economics justifying the Board's decision to advance the project to the feasibility study phase. The addition of the Baoulé kimberlite to our portfolio is an exciting development as the diamondiferous pipe offers significant potential in the form of a large diamond resource with high diamond values. Having already delivered on several significant milestones during 2013, we look forward to the year ahead as we aim to further unlock the potential and advance towards our goal of becoming a diamond producer in West Africa."



Chairman's Statement



The period under review has seen a number of positive advancements as we look to build shareholder value through the de-risking and development of our portfolio of diamond projects in West Africa, in particular at our two highly prospective core projects. The first is our high-grade 1.1 million carat JORC resource Tongo Kimberlite Dyke Project in Sierra Leone which offers outstanding gem quality diamonds at a high diamond grade; and the second is our newly acquired Baoulé Kimberlite Pipe project, located in the prolific Aredor region of Guinea. We are currently conducting a Definitive Feasibility Study at Tongo while Baoulé is a longer term project but has the potential to be a "game-changer", offering the potential of a multi-million carat resource at substantially high diamond values.



Tongo Project, Sierra Leone

In line with our strategy of advancing Tongo towards production, independent consultant Paradigm Project Management ("PPM") was commissioned to undertake an economic scoping study on Tongo Dyke-1, which was delivered on budget and on schedule in July 2013. With an attractive NPV10 of US$53.1 million, a 32% IRR and a projected 17 year life of mine at a significantly low-cost starting capex of US$16 million, the Board decided to prioritise Tongo for development. The project also offers significant upside with the potential to increase the conservative historic two year old modelled diamond value of US$248 per carat and the current JORC resource of 1.1 million carats, which is derived from only one of four diamondiferous dykes in the licence area. With this in mind, the immediate focus is the completion of the on-going DFS which is targeted by year end.



Work was initiated towards the delivery of the DFS with the commencement of a bulk sampling programme in September 2013, targeting a diamond parcel of up to 1,000 carats for enhanced diamond value modelling. We are confident that we will see an increase in the US$248 per carat value, taking into account the recovery of diamond prices since the financial crisis. In October 2013, we blasted the first of our Dyke-1 ore to be processed via our on-site 5tph DMS plant with a view to exporting the diamond parcels to Antwerp for valuation.



We are delighted by the outstanding quality of diamonds recovered and we are highly encouraged by sample processing results to date, which have so far yielded 551.6 carats for an average grade of 126.3cpht. Indeed the diamonds have been classified with an average of 77.63% gem quality with several stones greater than 1 carat in size, including a 6.70 carat diamond discovered in the most recent sample. We anticipate that these high grades will increase as further diamonds are recovered following re-processing. Bulk sampling is on-going with 2,150 tonnes collected to date, and we expect the first 500 carat parcel to be exported to Antwerp by the end of Q1 2014 with a second export of 500 carats targeted for export at the end of Q2 2014 to complete the bulk sampling exercise.



Our plan for 2014 is to conduct further drilling to increase the current resource of 1.1 million carats to over 1.5 million carats. Other elements of the DFS will be conducted by independent consultants to include refined geological modelling, mine planning, capital and operational budgeting, and environmental and social impact studies with the full DFS report targeted for publication in Q4 2014. We will then be in a position to consider the various financing options for mine construction with a view to potentially commencing production by the end of 2015. We believe the enlarged resource coupled with potentially higher diamond prices will enhance the existing value of the project.



Baoulé Project, Guinea

At Baoulé, a JV was signed in December 2013 with Société Tassiliman, a Guinean incorporated company. Under the terms Stellar has the option to earn into 75% of the project through US$5 million expenditure under an indefinite time period with the opportunity to purchase the remaining 25% at fair market value. The project is located in Guinea's most renowned diamond mining district, Aredor, where just downstream, a diamond resource has recently been defined by SRK for Trivalence Mining Corporation with values in excess of US$400 per carat, including the presence of 100 carat stones.



With an address as prospective as this we are excited to commence development potential and intend to deliver a maiden diamond resource by the end of 2014, subject to funding. Our confidence in being able to deliver a resource as significant as 3 million carats is heightened by the large volume of data available from previous operators who held the licence from 2000-2004. Stellar has taken this data and created a geological model which demonstrates that the Baoulé pipe, to a depth of 300m, has the potential to host a resource of least 22 million tonnes of kimberlite. The historical data indicates a grade of between 13 and 40 carats per hundred tonnes ("cpht") and our 3 million carat resource target is based on the minimum grade of 13cpht. Clearly if we achieve a higher grade then the 3 million carats can be exceeded. Furthermore our internal diamond value estimation stands at US$200 per carat, however we feel that this is a conservative number, being based on a diamond sale made from the kimberlite 13 years ago where a value of US$157 per carat was achieved. The only way to ascertain the diamond grade and value with any certainty is via conducting our own bulk sampling and we are currently making preparations to collect an initial 1,000 carat diamond parcel for this purpose utilising our existing diamond plant and resources.



Other Projects

Following a resource increase to 3.1 million carats at our Droujba kimberlite pipe project in Guinea ("Droujba"), PPM undertook an economic scoping study. Although the project offers the potential for the short term production of over 300,000 carats, we decided that putting Droujba on care and maintenance until an improvement in diamond prices would increase production potential and therefore bring more value uplift for shareholders.



In November 2013, our Mandala alluvial mining licence in Guinea was renewed for a further five year period. Previous mining yielded 128,000 carats at a grade of 33cpht with gems up to 37 carats, however the project is currently on care and maintenance and, as with Droujba, will be reassessed on the further recovery of rough diamond prices.



With regards to our Kono licences in Sierra Leone, where underground trial mining on two kimberlites yielded over 4,000 carats of highly quality diamonds, we continue to pursue diplomatic and legal remedies in order to recover the licences which we believe were wrongly revoked by the Ministry of Mines. Our position has been supported by both local and international legal opinions and we remain hopeful that a negotiated settlement should recover some value for all stakeholders in the project.



Corporate

In order to advance Tongo up the development curve and commence bulk sampling, we successfully raised £0.62 million (gross) in July 2013 through a placing of 61,823,036 ordinary shares at 1.00p. All six of our Directors participated, along with other third party investors, highlighting the confidence the Board has in delivering value at Tongo. Shortly after, a further £0.94 million (gross) was raised through the conditional placing of 94,275,000 ordinary shares to institutional and other investors at a price of 1.00p per share.



Following the appointment of Daniel Stewart & Company plc as our Nominated Adviser and sole Broker in November 2013, a further £0.31 million was raised before expenses in December 2013 through a subscription of 28,628,545 new ordinary shares of 1p each at a price of 1.1p per subscription share by two of our highly supportive major shareholders Foradex Invest SRL and Hottinger. Participants were also issued warrants to subscribe for 28,628,545 new ordinary shares also at a price of 1.1p per share which expired on 28 February 2014 and subsequently, post period-end, £0.31 million was raised following the exercise of those warrants.



These funds have been utilised primarily for bulk sampling at Tongo, care and maintenance costs for our remaining projects and initial development at Baoulé, however our planned active 2014 work programme for our core projects will be subject to further financing initiatives being implemented either at the project or company level.



Outlook

We remain mindful of controlling our cost base and in line with this we are focusing our funds on our two core projects, Tongo and Baoulé. By abiding by this philosophy, and advancing these two prospective projects in our portfolio, we believe we are delivering maximum value for shareholders.



Our plan for the year ahead consists of delivering on three main objectives: to target an increase in the Tongo resource to over 1.5 million carats; to complete a DFS at Tongo; and, to define a JORC resource at Baoulé, which we anticipate to be 3 million carats or higher. This threefold strategy will further unlock the intrinsic value of the Company by increasing our aggregate resource base to a possible 7.5 million carats and reaching a production decision point over a potential 1.5 million carats at Tongo. With a robust outlook for the diamond market, Stellar, as a new producer, will be ideally positioned to benefit, particularly as the growth of demand over supply makes for a positive long-term outlook for rough diamond prices.



With impressive high grade results and consistently outstanding gem quality diamonds coming from bulk sampling at Tongo, and the exciting prospect of our potentially "game-changing" Baoulé project, 2014 is set to be a high impact year for Stellar. I look forward to updating shareholders on our progress and would like to take this opportunity to thank you for your continual loyal support.



Lord Daresbury

Non-Executive Chairman



** ENDS **

Stellar Diamonds PLC Given “Hold” Rating at Sanlam Securities (STEL)
Posted by Zach Kirkland on Mar 27th, 2014

Stellar Diamonds PLC (LON:STEL)‘s stock had its “hold” rating reaffirmed by equities researchers at Sanlam Securities in a research report issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 2.10 ($0.03) price target on the stock. Sanlam Securities’ price objective indicates a potential upside of 22.09% from the company’s current price.

Stellar Diamonds PLC (LON:STEL) opened at 1.6967 on Thursday. Stellar Diamonds PLC has a 52 week low of GBX 0.90 and a 52 week high of GBX 2.202. The stock has a 50-day moving average of GBX 1.77 and a 200-day moving average of GBX 1.27.

STEL has been the subject of a number of other recent research reports. Analysts at Daniel Stewart & Co reiterated a “buy” rating on shares of Stellar Diamonds PLC in a research note on Tuesday, March 18th. They now have a GBX 5 ($0.08) price target on the stock.

Starting to tick up again - the end of Q1 bulk sampling for the Tongo project could be announced this month.

Stellar Diamonds conditionally raises £1.85m
StockMarketWire.com
Stellar Diamonds has conditionally raised about £1.85m before expenses through the issue of 148,179,476 new ordinary shares at 1.25p each to new and existing private and institutional investors.

Proceeds of the fundraising would be used predominantly on advancing the company's Baoule kimberlite project in Guinea towards trial mining, as well as continuation of the bulk sampling at Tongo Dyke-1 in Sierra Leone, settlement of outstanding fees and for general working capital.

Stellar's right to earn into the Baoule project at the diamondiferous Baoule kimberlite pipe, which is located in the prolific diamond region of Aredor in southeast Guinea were granted under a joint venture agreement in December 2013.

Using an extensive historical database as reference, Stellar has modelled a target resource of over 22 million tonnes to a depth of 300m. Bulk sampling by previous owners has yielded diamond grades of between 13 and 40 carats per hundred tonnes ("cpht").

Taking the lower grade of 13cpht, Stellar is targeting a diamond resource of 3 million carats. In 2000, a 500 carat parcel sold for US$157 per carat which the Company estimates would yield over US$200 per carat in the current diamond market.

The Company intends to allocate funds to accelerate Baoule to trial mining and is already in the process of relocating its assets from Droujba and Mandala to Baoule, particularly its MB 100 dense media separation ("DMS") plant which is capable of processing large tonnages and recovering large, high value diamonds for which the Aredor area is renowned.

The Company is scheduling commissioning of the plant in August 2014 with trial mine processing commencing in September 2014.

Stellar intends to acquire its 75% interest in the Baoule project, as per the joint venture agreement, through a combination of past and future expenditure and vending in of various plant and machinery assets before the commencement of the trial mining.

At the Tongo project in Sierra Leone, on-going bulk sampling of the 1.1 million carat Dyke-1 resource continues to yield very high diamond grades with exceptional quality diamonds. Stellar recently reported recovery of 551 carats at an average bulk sample grade of 126cpht which is in excess of the modelled resource grade of 120cpht.

Stellar will continue with the bulk sampling programme into July 2014, in order to achieve at least a 1,000 carat diamond parcel for the valuation and diamond value modelling that is required for the definitive feasibility study.

Given the tough market conditions for small mineral resources companies, the directors believe that the acceleration of Baoule to trial mining is the correct strategy to deliver shareholder value as Baoule has the potential to generate cash flow for the Company during the second half of 2014.

The work at Tongo will continue through the bulk sampling exercise, although completion of the full definitive feasibility study will now be targeted for the first half of 2015.

The cost of the 2014 work programme is estimated at £1.0 million for Baoule and £0.3 million for Tongo. The Company will use the remaining £0.55 million raised for corporate, in country and general working capital purposes.

At 8:24am: (LON:STEL) Stellar Diamonds PLC share price was -0.35p at 1.33p


Story provided by StockMarketWire.com

UPDATE - Stellar Diamonds says Guinea trial mining on track; opts for larger Antwerp auction
By Ian Lyall
January 06 2015, 11:16am

ADDS BROKER COMMENTS AND SHARE PRICE---

Stellar Diamonds (LON:STEL) said it is planning a far larger auction of stones than was first anticipated as it updated on progress at its Baoulé kimberlite pipe in Guinea.

In total it will sell 5,900 carats, which consists of 2,200 carats from Baoulé and 3,700 carats of inventory taken from other projects.

Stellar said it decided to opt for a larger auction in Antwerp, centre of the world diamond market, to maximise revenues.

"The planned sale will be scheduled for later in January, when buying activity resumes in Antwerp after the end of year break,” said chief executive Karl Smithson.

In the same announcement investors were told 2,145 carats have been unearthed from the five hectare Baoulé pipe at a grade of 15 carats per hundred tonnes. High quality gems continue to be recovered, including stones of 8.5 and 6.6 carats in size.

The processing plant is running at its planned 50 tonnes of ore per hour optimum rate, meaning monthly production should be in the order of 2,000 carats, assuming the current grade is maintained.

"We are pleased with the on-going progress of the trial mining at Baoulé,” CEO Smithson added.

“The regular occurrence of larger gem quality stones is highly encouraging, as is maintaining our target plant processing capacity and run of mine grade, in order to achieve our objective of processing 2,000 carats per month during 2015.”

The City broker Sanlam has been heartened by progress to date. It pointed out the frequency of large stones suggests the kimberlite is host to a “good percentage of gem quality stones”.

It therefore reckons a price of US$200 a carat is achievable, which stacks up to be US$30 a tonne of ore mined, or double the mining and processing cost.

“Based on Stellar’s 22mln-tonne resource estimate, which is likely to be quite accurate, Baoule represents a good sized and decent margin mining project,” said Sanlam analyst Charlie Long.

At 11.15am, the shares were marking time at 1.2p each.

http://www.proactiveinvestors.co.uk/companies/news/75929/update-stellar-diamonds-says-guinea-trial-mining-on-track-opts-for-larger-antwerp-auction-75929.html

Director’s dealing

The Company was informed on 07 January 2015 that Karl Smithson, Chief Executive Officer of the Company, on the same day transferred ordinary shares from a nominee account in his personal name into a personal ISA as follows:

Date Transferred---Number of shares transferred
07 Jan 2015----------------996,140

Mr Smithson is also in the process of transferring 2,490,000 from a nominee account in his personal name to a nominee account held in joint names between Karl Smithson and his wife, Sara Jane Smithson. The transfer is expected to be completed on 12 January 2015.

There is no change to Mr Smithson’s total beneficial as a result of the transfers. His holding remains as 7,267,371 ordinary shares, representing 1.0% of the issued share capital of the Company.

The issued share capital of the Company comprises 723,567,568 Ordinary Shares of 1p each

********************
Full details from link below

http://stellar-diamonds.com/news/press/directors-dealing-4

22 January 2015

Stellar Diamonds plc

ISSUE OF EQUITY

Stellar Diamonds plc, the AIM quoted (AIM: STEL) diamond mining and exploration company focused on West Africa, announces that the Company has raised approximately £1 million through the issue of 88,362,066 new ordinary shares of 1p each (the "New Ordinary Shares") at 1.16p per share ("Issue Price") to directors, existing private shareholders and new institutional investors (the "Fundraising"). The Fundraising has been conducted in conjunction with Daniel Stewart & Company plc.

The proceeds of the Fundraising will be used predominantly for the current Trial Mining at the Company's Baoulé kimberlite project in Guinea and for working capital purposes.

Stellar Diamonds Chief Executive Karl Smithson commented:

"With revenues from our first diamond sale of a 5,900 carat parcel expected in the near-term this placement strengthens the Company's balance sheet at a time when capital markets in the junior sector are notoriously weak. It also underscores the support of our existing shareholders, most notably UBS Deutschland, and our directors, many of who are participating. We are also pleased to welcome new shareholders to the Company at this exciting juncture in our growth and development.

"Based on the current processing capacity and grades, we expect to continue to yield approximately 2,000 carats per month with regular diamond exports and sales expected during 2015.

"I look forward to providing further updates on production at Baoulé and our maiden diamond sale."

The Fundraising



The Fundraising has raised a total of £1,025,000 through the issue of 88,362,066 New Ordinary Shares at a price of 1.16 pence per New Ordinary Share. The New Ordinary Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued. Application will be made for admission to AIM of the New Ordinary Shares ("Admission"), which is expected to occur, and trading to commence at 8.00a.m. on 5 February 2015.

Total voting rights

Following Admission, the Company's total issued share capital will comprise of 811,929,724 ordinary shares of 1 pence each ("Issued Share Capital"). This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.

Substantial Shareholdings

UBS Deutschland ("UBS"), the Company's second largest shareholder, has subscribed for 62,400,000 of the New Ordinary Shares. Following Admission, UBS will hold 126,488,416 ordinary shares representing 15.58 per cent. of the Company's Issued Share Capital.

Director Participation

Certain directors of the Company have participated in the Fundraising at the Issue Price. Details of their participation and changes in holdings in the Company are set out in the table below. see link below for full details

http://www.moneyam.com/action/news/showArticle?id=4963012

General sector news:

Falling oil prices good for diamonds – De Beers CEO
Posted on 22 January 2015

De Beers CEO Philippe Mellier says the declining oil price is expected to benefit the diamond business.

Ample opportunity for diamond industry

At a reception in Gaborone, Botswana, Mellier explained how the declining oil price is likely to boost the diamond markets of India and The USA, where the 2015 economic growth is now forecast to hit the 5.5 percent mark.

Diamonds were also expected to perform well in China consumption was being intensified in a bid to rebalance the economy.

“All of this shows that there’s ample opportunity for the diamond industry,” said Mellier.

Mellier showed how the project at Jwaneng would deliver 100 million more carats and South Africa’s underground project at Venetia 80 million additional carats.

Transparency

He emphasised how rigorous financial transparency had been introduced to prevent inventory being sold below true value under seasonal pressure. Another mechanism was the synthetic-detection technology which was being developed to expose the passing off of synthetics as real diamonds.

“We must also be acutely aware of the increasing challenges to consumer confidence presented by differing grading standards at the various grading laboratories.

“This issue has captured a lot of attention in recent months, especially with consumers in the US, and we must all display the leadership required to reassure the public that they can rely on the integrity of the diamond industry,” he urged.

From yesterday:

Stellar Diamonds receives strong support from UBS Deutschland in share issue
By John Harrington
January 22 2015, 9:48am

Stellar Diamonds (LON:STEL) has raised in the region of £1mln through a placing of shares at 1.16p each.

The diamond mining and exploration company focused on West Africa said the funds from the share issue will mostly be used for the current trial mining at the company’s Baoulé kimberlite project in Guinea and for working capital purposes.

After issuing 88.36mln shares, the total number of Stellar shares in issue now totals 811.93mln.

"With revenues from our first diamond sale of a 5,900 carat parcel expected in the near-term this placement strengthens the company's balance sheet at a time when capital markets in the junior sector are notoriously weak,” said Stellar’s chief executive, Karl Smithson.

“It also underscores the support of our existing shareholders, most notably UBS Deutschland, and our directors, many of who are participating. We are also pleased to welcome new shareholders to the company at this exciting juncture in our growth and development,” Smithson said.

UBS Deutschland is the company’s second largest shareholder, and took 62.4mln of the newly issued shares, lifting its stake to 15.58%.

Lord Peter Daresbury, Steven Poulton, Luis da Silva and Markus Elsasser were the directors who subscribed for shares.

Taking the opportunity to give a quick operational update, Smithson said the company expects, based on the current processing capacity and grades, to continue to yield approximately 2,000 carats per month, and regular diamond exports and sales are expected during 2015.

"I look forward to providing further updates on production at Baoulé and our maiden diamond sale," Smithson said.

Stellar shares currently trade at 1.33p, up 8.2% on the day.

Stellar Diamonds chief on latest fundraise

Published on 23 Jan 2015

Karl Smithson, the chief executive of Stellar Diamonds (LON:STEL), says there are bigger and better things to come from the group after the latest placing to raise £1 million.




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6 Month Chart


4 Year Chart

26 January 2015

Stellar Diamonds plc

Director's Dealing


Further to the announcement made on 8th January 2015 the Company was informed on 26 January 2015 that Karl Smithson, Chief Executive of the Company, on 23 January 2015 transferred 1,300,121 ordinary shares from a joint nominee account into his wife's personal ISA as follows:


see link at BOP

As a result of the transfer, Karl Smithson's total beneficial shareholding in the Company remains unchanged at 7,267,371 Ordinary Shares, representing 0.9% of the issued share capital of the Company.

The issued share capital of the Company comprises 811,929,724 Ordinary Shares of 1p each.

http://www.moneyam.com/action/news/showArticle?id=4964655

18 February 2015

AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")

ANNUAL REPORT AND UPDATE



Stellar Diamonds plc, the AIM quoted (AIM: STEL) diamond mining and exploration company focused on West Africa, announces that the Company's 2014 Annual Report can now be found on its website on the following link http://stellar-diamonds.com/investors/financial-statements.

The Company's updated presentation can also be found on the website on the following link http://stellar-diamonds.com/investors/presentations along with recent photographs from the Baoulé Kimberlite Pipe Project in Guinea where Trial Mining is currently taking place (http://stellar-diamonds.com/operations/photo-gallery/baoule).


The Company further reports that the first two small exports of the Baoulé diamond production, of approximately 2,350 carats, have now been prepared and are ready for sale. Though rough diamond prices have been soft since Q4-14, some producers have indicated that prices may now be stabilising. Stellar will now offer the Baoulé goods, as well as other diamond inventory from other projects of approximately 3,700 carats, for sale in Antwerp, which when sold will represent first revenues from the planned cycle of exports during 2015 from Baoulé.

** ENDS **

http://www.moneyam.com/action/news/showArticle?id=4979427

27 February 2015

AIM: STEL

Stellar Diamonds plc


Diamond Tender

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that its diamond tender of 6,031 carats has commenced in Antwerp. The tender is anticipated to run for two weeks after which final bids will be considered by the Company. Any interested and compliant qualified groups can arrange to view the goods via accessing the following links and contact details for Natural Diamond Corporation:



http://stellar-diamonds.com/wp-content/uploads/2015/02/Tender-client-form-Feb15.pdf

http://stellar-diamonds.com/wp-content/uploads/2015/02/Tender-announcement-Feb15.pdf



About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through a definitive feasibility study. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.



** ENDS **
http://www.moneyam.com/action/news/showArticle?id=4984975

Stellar Diamonds kicks off auction in Antwerp; sells first stones from Baoulé mine
By Andrew Neil
February 27 2015

Stellar Diamonds (LON:STEL) has started to sell its first precious stones from its Baoulé mine in Guinea.

A diamond tender of 6,031 carats began in Antwerp this morning, the centre of the world diamond market.

In total, the auction consists of over 2,200 carats from Baoulé and 3,800 carats of inventory taken from other projects.

Viewing is expected to run for two weeks, after which the firm will consider final bids.

Stellar’s Tongo mine, in Sierra Leone, is currently going through the feasibility stage.

Together with Baoulé and resources at its other projects, the company wants to build a resource base of 7.5mln carats, which it estimates would have an in-situ value of US$1bn.

General interest:

World’s biggest diamond producers, trade leaders to shine at Dubai Diamond Conference
16/03/2015

Mining executives from De Beers Group, Alrosa and Endiama will deliver presentations at the second Dubai Diamond Conference (DDC) scheduled for April 21 to 22 at Almas Tower, the Middle East’s tallest commercial tower and home to the Dubai Diamond Exchange (DDE).

The two-day conference is organised by DDE, platform of the Dubai Multi Commodities Centre (DMCC).

The conference will see Paul Rowley, executive vice president of De Beers Group Sightholder Sales; Andrey Polyakov, vice president of Alrosa; and Carlos Sumbula, president of Endiama discuss the “New Silk Route,” and share their insights on the trading shift from the West to Africa and Asia, DDE said in a press release.

The three companies combined represent more than two-thirds of the world’s rough diamond output. Alrosa leads the world’s diamond mining by volume, De Beers by turnover and Endiama’s diamond deposits are among the most promising for future kimberlite discoveries.

Commenting on the conference, Rowley said, “The outlook for the diamond industry is bright, but this opportunity will only be fully realised if investments are made across the value chain. The Dubai Diamond Conference provides an ideal opportunity for industry stakeholders to discuss the challenges and opportunities across the diamond pipeline.”

The conference will also welcome diamond trade leaders namely Edward Asscher, president of the World Diamond Council; Ernie Blom, president of the World Federation of Diamond Bourses; Maxim Shkadov, president of the International Diamond Manufacturers Association.

“Dubai is an established part of the diamond community. The city has brought new energy to the industry and a much-needed gateway to the Middle Eastern retail market,” Asscher said. “I am looking forward to having an open discussion about the challenges of the diamond industry.”

Centred on the theme “The New Silk Route,” the Dubai Diamond Conference will bring together more than 500 stakeholders from the diamond industry including government ministers, regulators, policy advisors, jewellers and traders. Attendees will be able to discuss all the current hot topics of the industry.

Herman Van Rompuy, former President of the EU, will give the opening address.

Further details, including the registration form, can be found on http://www.diamondconference.ae/. Also, click here to watch the DDC 2015 promo video.



Dubai Diamond Conference 21 – 22 April, 2015

24 March 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" or the "Company")

First Diamond Sales and Revenues

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that it has sold 4,414 carats of diamonds in Antwerp for gross revenues of US$417,122. The sale included excellent quality white stones, with a value of US$5,000 per carat achieved for one particular five carat stone.

The Company withheld 1,617 carats from the sale as the bid prices were not considered acceptable. These goods will be added to future exports and be offered for sale at a later date.

The Company is pleased with the revenues generated from the sale in what remains a challenging market for rough diamonds. Future sales will be targeted for optimum selling windows with the next sale from Stellar's operations planned for May 2015. Further announcements will be made in due course as and when significant diamond exports or diamond sales occur.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through a definitive feasibility study. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

** ENDS **

http://www.moneyam.com/action/news/showArticle?id=5001157

Stellar Diamonds chief pleased with maiden sale (+ Interview)
By Juliet Mann
March 24 2015, 1:42pm


Karl Smithson, chief executive of Stellar Diamonds (LON:STEL), says he is pleased with the results of its first diamond sale, which generated revenues of US$417,000.

The group sold a total of 4,414 carats, with a further 1,617 carats held back to be re-sold at a later date.

Smithson says the balance sheet remains strong thanks to regular diamond sales and the recent placing. He also tells investors to expect an update from the Tongo project in Sierra Leone in the coming months.

27 March 2015
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Interim Results for the six months to 31 December 2014



Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, announces its unaudited interim results for the six months to 31 December 2014.

Operational Highlights

Baoulé Kimberlite Pipe Project, Guinea ("Baoulé"):

o Trial mining commenced on schedule and on budget in October 2014

o Trial mining has reached target capacity of 50 tonnes per hour processed

o Gem quality diamonds up to 9 carats in size recovered and first exports achieved

o Maiden sales and gross revenues totalling US$417,122 from 4,414 carats post-period (including goods from other Stellar projects)

o Further diamond exports and sales expected in 2015


Tongo Kimberlite Dyke-1 Project, Sierra Leone ("Tongo"):

o Bulk sampling programme completed generating a diamond parcel of 1,182 carats

o 35% increase in inferred diamond resource to 1.45 million carats

o 37% increase in average diamond grade to 165cpht, based on bulk sampling data

o 42% increase in the scoping study NPV10 to US$75m for surface and underground mine



Financial Highlights:

o US$0.9m invested to build and commission the Baoulé trial mining operation

o Administrative costs reduced significantly to US$0.9m during the 6 month period (H2-13: US$1.5m)

o Cash and diamonds held for sale of US$0.5m at period end

o US$1.05m of funding in the period through the issue of equity and credit

o Further US$1.55m raised post period through the issue of equity in January 2015



Stellar Diamonds Chief Executive Karl Smithson commented, "Stellar has made significant progress at both Baoulé in Guinea and Tongo in Sierra Leone during the report period. Bringing Baoulé into trial mining production during the Ebola crisis was a remarkable achievement and it is pleasing to see our first export and sales cycle being successfully completed. Processing to date has yielded over 4,100 carats at a grade of over 13cpht. We expect to continue the trial mining with an objective of at least 100,000 tonnes being processed in aggregate to establish the grade and value of the pipe with confidence, but importantly to recover some large, high value diamonds that the Aredor area of Guinea is world renowned for.



"At Tongo we also successfully completed our bulk sampling programme despite the Ebola outbreak. As a result the inferred diamond resource for Dyke-1 was increased to 1.45 million carats with increasing grade and diamond values. A surface mining study has also been completed, which identified a technique that is expected to allow us to mine from surface for three years whilst underground mine development is completed. This positively impacts on expected project economics and we intend to conduct an updated preliminary economic assessment which should justify the decision to apply for a mine lease for the project during 2015."



Chairman's Statement

Excellent progress has been made across our two core diamond projects in Guinea and Sierra Leone over the period. This has resulted in our maiden diamond sale and first revenues from Baoulé in Guinea, and an improved inferred resource, grade, and expected faster route to production at Tongo in Sierra Leone. These significant advances take us ever closer to our strategy of early production and targeting a future aggregate resource base of approximately 8 million carats across our diamond portfolio.



Baoulé Project, Guinea

Despite the backdrop of the Ebola virus and rainy season our team on the ground successfully established the trial mining operation at the 5 hectare Baoulé kimberlite pipe. Construction and commissioning of the 100tph Dense Media Separation ("DMS") plant was achieved on time and on budget in September 2014 with the first trial mining diamonds being recovered in October 2014. We have already recovered some impressive gem quality diamonds and we remain optimistic about the potential of the Baoulé pipe to yield large, high value stones. The pipe is located in the world renowned Aredor District of Guinea, where diamonds of up to 283 carats have been recovered from alluvial mining in the past and we believe Baoulé has the potential to be a "company-maker" for Stellar.



The DMS plant has reached its target capacity of processing approximately 50 tonnes of kimberlite per hour on average. At the time of writing trial mining has yielded over 4,100 carats at an average grade of 13.4cpht at a 1.25mm cut off. During recent mining the grade decreased slightly from the average of 15cpht as we encountered a lower grade breccia area towards the margin of the pipe mining and sought to extend the pit area in order to maximize access to the higher grade kimberlite which comprises the bulk of the pipe. We continue to target processing of at least 100,000 tonnes of kimberlite, which at an average target grade of 15cpht would be expected to yield at least 15,000 carats for grade and value determination.



Two diamond exports to Antwerp have been made to date; the first parcel delivered in December 2014 contained 941 carats and a second containing 1,250 carats was added to it in January 2015. The Baoulé diamonds were combined with 3,700 carats recovered from bulk sampling at our other projects and collectively tendered for sale in Antwerp in March 2015. This tender generated maiden diamond sales of 4,414 carats, making gross revenues of US$417,122. This is a major milestone for Stellar, bringing us our first cash flows of 2015. Notably, one of the five carat stones sold achieved a value of US$5,000 per carat, which the Directors believe underpins the quality of the diamonds in the Baoulé pipe which, if realised in still larger sizes, will enhance the diamond value and revenues of future sales.



The objective of trial mining at Baoulé is not only to create near-term cash flow but also to generate a sufficiently large diamond resource to justify a full scale commercial mining operation. In-house modelling of previous drilling over the pipe suggests a target of over 22 million tonnes to a depth of 300m. At an average target grade of 15cpht, this would suggest a diamond resource of 3.3 million carats. This is not a resource estimate or in accordance with the JORC Code.



Tongo Dyke-1 Project, Sierra Leone

Bulk sampling of the high-grade Dyke-1 was completed in the reporting period and generated a diamond parcel of 1,182 carats of which a large portion was categorised as gem quality, including a 6.7 carat stone. A revised resource statement was subsequently commissioned and this has resulted in a 35% increase in the JORC compliant inferred resource to 1.45 million carats and a 37% increase in the average diamond grade to 165cpht, using the higher grade established by the Company based on the results of bulk sampling. Diamond value modelling was also undertaken with two models being presented, one with a grade of 120cpht and diamond value of US$270 per carat and another with a grade of 165cpht and US$145 per carat. We conservatively use the lower grade model for all our financial modelling.



Further resource potential exists from the remaining three kimberlite dykes at Tongo. This includes Dyke-4 which has previously been bulk sampled by the Company, generating a diamond grade of 110cpht at an average diamond value of US$140 per carat. Dykes 2 and 3 have not been bulk sampled but microdiamond analysis indicates grades of 140cpht and 185cpht respectively for these kimberlites.



In line with delivering value for our shareholders, just as we found a route to early cash-flow at Baoulé, we intend to follow suit with a similar solution for Tongo. An independent surface mining study was carried out which has revealed that we can target accelerated cash-flow by mining Dyke-1 from surface concurrently with underground mine development, to generate cash-flow earlier than a stand-alone underground mine would. The surface mining is modelled to last for three years and potentially generate 120,000 carats, (assuming that average production rates and indicative grades achieved to date continue) after which underground mining is expected to commence to provide a seamless transition of production from surface to underground. The underground mining is modelled to continue to year 16 and generate almost 1 million carats over that time.



The inclusion of surface mining should significantly enhance Tongo's potential economics by bringing forward cash flows when compared to just an underground mining operation. The previously modelled NPV10 was re-calculated on this basis and shows an increase of 42% to US$75 million with a pre-tax IRR of 55%, using a diamond grade of 120cpht and value of US$270 per carat.



To bring Dyke-1 into production, the initial capex cost for the first three years has been independently estimated at US$16 million for both the surface and underground mining. However, as part of the project development process the Company will now re-engage with independent consultants to provide a single and updated preliminary economic assessment document as an alternative to a more expensive and time consuming definitive feasibility study which can be utilised for a future mine lease application with the Government of Sierra Leone.



Other Projects

As per my year-end statement, our two additional projects in Guinea remain on care and maintenance whilst we focus on delivering value at Baoulé and Tongo. That said, they should not be forgotten, as the high grade Droujba project adds 3.1 million carats to our resource inventory and it is estimated that 200,000 carats remain within the resource at the Mandala alluvial mine, where we have previously yielded 128,000 carats from mining at a grade of 33cpht with gems of up to 37 carats in size.



The process of reinstating our wrongly expropriated Kono licences is ongoing. It is hoped that a positive outcome will be achieved in the near future.



Corporate

In order to enhance the mining fleet on the newly operating Baoulé trial mining project we purchased a number of earth moving vehicles from our major shareholder, Foradex, on an arms-length basis, in return for the issue of 25,560,016 ordinary shares at a price of 1.55p and 12,780,008 warrants exercisable at the same price, thus conserving the Company's cash. We intend to ship these machines to Guinea and transport them to Baoulé in the near future.



In December 2014 we were also able to secure bridge financing of US$0.5m to provide working capital for the Baoulé project as we approached the first export of diamonds. Post-period, in January 2015, we raised further working capital of US$1.55m through the issue of 88,362,066 ordinary shares of 1p at a price of 1.16p per share to allow flexibility in the timing of our diamond tender in the first quarter of 2015 and to strengthen the Company's balance sheet. The placing was undertaken through existing and new institutional shareholders and shows continued strong support from our board and shareholder base.



We have continued to scrutinise our cost base to ensure that the maximum amount of funding is available for the projects on the ground and we are pleased to note the continued reduction on corporate and administrative spending during the period.



Diamond Market

The rough diamond market weakened during the latter part of 2014 and further weakened in the first quarter of 2015, meaning prices declined in some categories by as much as 15-20% compared to the summer of 2014. We believe this decline was a direct result of a lack of liquidity in the financing of diamond buying and a build-up of polished inventory. This will take some time to work out of the market but some stability seems to have reached the rough market prices and although not guaranteed, the second half of 2015 may see pricing improvements. Importantly, the longer term fundamental outlook remains positive for the diamond market as the declining supply will fail to meet the projected increasing demand.



Outlook

We are making great strides in advancing our key diamond projects which have multi-million carat potential towards production. Having created a defined path to trial mining with cash-flow being realised from diamond sales at Baoulé and with a compelling route to mine development which should achieve early cash flow identified at Tongo, this is an exciting time for Stellar.



Looking ahead, we remain committed to ensuring further cash flow from diamond exports and sales from Baoulé in 2015. At Tongo we intend to commence the process of applying for a mining licence with the authorities in Sierra Leone. This process will include conducting an environmental impact assessment and the updating and combining of existing technical and mining reports in order to support the mine lease application. Naturally for this process further funding will be required with the objective of raising up to US$20 million in aggregate to fund both the mining licence application and the Tongo mine development (with the majority of such fundraise expected to be subject to receipt of a mining licence). We will be considering the optimum ways of achieving this with the focus being on securing funding via non-dilutive project debt structures and we will report on the process we are to follow in due course.



I would like to take this opportunity to thank my fellow Board members and team on the ground for their outstanding commitment and efforts in continuing to deliver on the tremendous value Stellar has to offer. In addition, I am hugely grateful for our highly supportive shareholder base and I look forward to the year ahead as we aim to further unlock the value of our West African portfolio on our route to commercial diamond production.



Lord Daresbury

Non-Executive Chairman

For full details click link below:

http://www.moneyam.com/action/news/showArticle?id=5004088

Stellar Diamonds Interim Loss Narrows, Looking To Raise USD20 Million
Alliance News 27 March, 2015 | 8:40AM

LONDON (Alliance News) - Stellar Diamonds PLC Friday said its pretax loss narrowed in the first half of the year as costs fell but said it needs to raise a further USD20 million to progress the Tongo project in 2015.

The West African diamond miner reported a pretax loss of USD934,928 for the six months ended December 31, narrower than the USD1.5 million reported a year earlier, as administrative expenses fell. The company does not currently generate any revenue.

The company is advancing two diamond projects into production with a focus on imminent trial mining at Baoulé to generate early cash flow.

"We are making great strides in advancing our key diamond projects which have multi-million carat potential towards production. Having created a defined path to trial mining with cash-flow being realised from diamond sales at Baoulé and with a compelling route to mine development which should achieve early cash flow identified at Tongo, this is an exciting time for Stellar," it said.

For 2015, the company said it "remains committed" to ensuring further cash flow from diamond exports and sales from Baoulé and said it will apply for a mining license for the Tongo project, which will include conducting an environmental impact assessment and the updating and combining of existing technical and mining reports in order to support the mine lease application.

"Naturally for this process further funding will be required with the objective of raising up to USD20 million in aggregate to fund both the mining licence application and the Tongo mine development. We will be considering the optimum ways of achieving this with the focus being on securing funding via non-dilutive project debt structures," said Stellar in a statement.

Stellar Diamond shares were down 0.1% to 0.899 pence per share on Friday morning.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Proactive weekly mining news summary - Rare Earth Minerals, Xtract Resources, Stellar Diamonds and Jubilee Platinum
By Giles Gwinnett
March 28 2015, 8:30am

Elsewhere, Stellar Diamonds (LON:STEL) expects to raise US$20mln in additional funding when it makes its licence application at Tongo.

Karl Smithson, chief executive, said the firm wants the funding to come from non-dilutive project debt structures.

Bulk sampling has been completed at the project in Sierra Leone, which has an inferred resource of 1.45 mln carats, despite the Ebola crisis.

Smithson said: “A surface mining study has also been completed, which identified a technique that is expected to allow us to mine from surface for three years whilst underground mine development is completed.

1 April 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" or the "Company")

Application for Mining Licence at Tongo Kimberlite Project, Sierra Leone

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has commenced the application process for a mining licence at its 100% owned 1.45 million carat Tongo Dyke-1 kimberlite project in eastern Sierra Leone ("Tongo"). This is as a result of the Company's decision to fast-track Tongo to production following recent positive resource definition work, mining studies and financial modelling undertaken by Paradigm Project Management ("PPM").


Highlights:

· Acceleration of the Tongo project, saving shareholder funds and reducing the time to production

· PPM to consolidate and update all previous technical reporting into a single Preliminary Economic Assessment ("PEA")

· Attractive economics for surface mining concurrent with underground mine development

· Estimated pre-tax NPV(10) and IRR of US$75 million and 55% respectively (120cpht and US$270/ct)

· Significant potential NPV and IRR upside using higher resource grade of 165cpht and US$270/ct

· Target of 120,000 carats production via surface mining in first 3 years

· Target of over 1 million carats mined in estimated 16 year mine life

· Low capital expenditure estimated at US$20 million to bring mine into production

· Funding primarily by debt structures being targeted

· Favourable response received from Sierra Leone stakeholders for decision to accelerate Tongo towards mine development



Chief Executive Karl Smithson commented:

"Moving Tongo to the mining licence application stage is a major milestone for the project. Having recently defined a faster route to production cash flow by the assessment of surface mining studies and based on the extensive resource and financial modelling completed to date, Tongo has clear economic potential. The application for a mining licence will be accompanied by updated mining and financial reports under a Preliminary Economic Assessment instead of a previously planned Definitive Feasibility Study in order to cut costs and seek to fast-track Tongo to production. Simultaneous to this we intend to establish a suitable financing structure to access debt funding for the majority of the US$20 million of capital expenditure which is estimated to be required to bring the project into production.

"We are delighted at the positive response received from various stakeholders within Sierra Leone. There is a clear will to support our efforts to build the next diamond mine in Sierra Leone, which can offer a significant and positive contribution to the post-Ebola social and economic reconstruction. We look forward to the full support of the Sierra Leonean Government in assisting our efforts."

More from link below:

http://www.moneyam.com/action/news/showArticle?id=5007701

UPDATE - Stellar Diamonds lodges application as it fleshes out Tongo fast track plan
By Philip Whiterow
April 01 2015, 12:44pm

--- ADDS SHARE PRICE AND BROKER COMMENT---

Stellar Diamonds (LON:STEL) has lodged its application for a mining licence at the Tongo Dyke-1 kimberlite project in eastern Sierra Leone as part of its new fast-track plan.

All of the data compiled so far on the 1.45mln carat deposit will also be pulled together for a preliminary economic assessment. This will be instead of a previously planned definitive feasibility study and will cut costs.

Tongo has a net present value (NPV) on current estimates on US$75mln assuming an average 120cpht [carats per hundred tons] and US$270/ct [per carat] price.

Stellar expects to increase that NPV value by targeting higher grade stones at an average 165cpht, with an initial target of 120,000 carats production through surface mining during the first three years.

It will cost US$20mln to bring the mine into production, to be funded by debt, with a target over the total life of mine of one million carats over 16 years.

Karl Smithson, chief executive, said: "Moving Tongo to the mining licence application stage is a major milestone for the project.

“Simultaneous to this we intend to establish a suitable financing structure to access debt funding for the majority of the US$20mln of capital expenditure, which is estimated to be required to bring the project into production.

"We are delighted at the positive response received from various stakeholders within Sierra Leone.

“There is a clear will to support our efforts to build the next diamond mine in Sierra Leone, which can offer a significant and positive contribution to the post-Ebola social and economic reconstruction."

Sanlam keeps its 'speculative buy' unchanged on the shares, targeting 1.86p.

"We believe that the Tongo and Baoule projects merit development (Baoule dependent on stone value) but are concerned about recommending a stock that needs equity in the current soft funding environment (for junior miners)," said analyst Charlie Long.

He added that Stellar's debt approach would minimse the dilution if successful, so long as the cost is not too high.

"Presumably a project level investor is also a possibility," added the analyst.

Stellar shares were unchanged at 0.85p.

A bit more publicity:

STELLAR DIAMONDS MAKES ITS FIRST SALES
07 April 2015


Stellar Diamonds Plc has recently completed its first tender of rough diamonds offered for sale in Antwerp. The company has reported sale of 4,414 carats, out of a total of 6,031 offered at the tender, for gross revenues of US$417,122.
The sale reportedly included excellent quality white stones, with a value of US$5,000 per carat achieved for one particular five carat stone.

The company withheld 1,617 carats from the sale as they found the bid prices offered for those goods were below what they considered acceptable. These goods will be added to future exports and be offered for sale at a later date.
The company has said that it is pleased with the revenues generated from the sale in what it describes as a challenging market for rough diamonds. Future sales will be targeted for optimum selling windows with the next sale from Stellar's operations planned for May 2015.

20 April 2015
AIM: STEL

Stellar Diamonds plc

("Stellar" or the "Company")



First 5,000 Carats Achieved from Trial Mining at Baoulé Kimberlite, Guinea

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces an operational update from trial mining at its 75% owned, five hectare Baoulé kimberlite pipe ("Baoulé" or "the Project") in Guinea.

Highlights:

· Trial mining has yielded a total of 5,087 carats to date at an average grade of 13.5 cpht

· High quality gems continue to be recovered, including stones of 12.6 carat and 10.0 carat

· First sale of 733 gem quality carats from Baoulé last month realised $195,000 for an average value of $266 per carat (which formed part of a larger sale of 4,414 carats)

· Included in this sale was a 5.55 carat stone which sold for US$5,000 per carat and several stones which exceeded US$1,000 per carat underpinning the high value and quality of some Baoulé gems

· Next diamond sale planned for May 2015

· Objective to recover a total of 15,000 carats to complete the trial mining phase and provide a basis for deciding whether to advance Baoulé to commercial scale mining

· JORC Resource to be confirmed on completion of trial mining. Current in-house estimate of 3.3 million carats based on previous drilling and average target grade of 15cpht



Stellar Diamonds Chief Executive Karl Smithson commented:

"Good progress continues to be made from trial mining at Baoulé. Our objective is to produce 15,000 carats from this exercise to enable us to determine the grade, value and presence of large stones in the pipe, with a view to using this information to consider a decision to advance Baoulé to commercial scale mining. It is pleasing that we have achieved our maiden revenues following the first diamond sale from Baoulé, as well as other Stellar projects. We are currently planning the next export and sale of Baoulé goods and remain committed to targeting additional diamond sales throughout 2015. I look forward to updating shareholders on progress as we continue the trial mining programme at Baoulé and in the process increase our cashflow."



Trial Mining Production and Processing

Trial mining of the eastern lobe of the Baoulé kimberlite pipe has continued during the first quarter of 2015. In order to maximise the pit area in preparation for the second 3m cut, mining progressed towards the eastern and southern margin of the pipe where a lower grade contact breccia was recently encountered, reducing the average grade to 13.5cpht at a 1.25mm cut off. This has resulted in fewer carats being produced than anticipated at this point in time, but mining and processing of the second cut is expected to see a return to higher grades, based on the results realised from the first cut of the lobe.


Simultaneous to this mining, stripping of the western lobe of the pipe has commenced in advance of the rainy season. Overburden and ground disturbed by diamond diggers is currently being stripped to access the uncontaminated kimberlite in preparation for bulk sampling.


The processing plant is running at a steady state average capacity of approximately 50 tonnes per hour over a double shift (16 hours). The kimberlite material remains predominantly weathered, however some harder blocks of kimberlite are being encountered. Since these blocks are too hard to scrub but are also too soft to efficiently crush, they are being sent to an oversize stockpile where they are broken down with an excavator prior to being re-fed into the plant to ensure maximum diamond liberation and integrity of results.

The overall objective of the trial mining exercise is to produce up to 15,000 carats for grade and diamond value determination of the Baoulé pipe. The Company remains on track to achieve this objective and is currently one third of the way through this exercise. A short operational update of the mining can be found at the following link:

http://stellar-diamonds.com/wp-content/uploads/2015/04/Baoule-Presentation-Apr-15.pdf

Diamond Results

A total of 5,015 carats have been recovered to date from Baoulé at a +1.25mm cut off, giving an average grade of 13.6cpht. This still compares favourably with the historically reported +1mm grade of 13cpht. A total of 380stones greater than 1 carat have been yielded and numerous gem diamonds of over 5 carats and more recently gem diamonds of 10.0 and up to 12.6 carats have been recovered to date.

SEE LINK AT bop FOR TABLE

Diamond Sale

The first diamond sale of 2015 was announced on 24 March 2015. Included in this sale were 733 carats of gem quality diamonds from Baoulé that sold for an average of US$266 per carat and which realised US$195,000 in revenues. This sale included a stone of 5.55 carats which attracted a price of US$5,000 per carat, as well as other stones that exceeded US$1,000 per carat in value, which demonstrates the high quality of some of the goods at Baoulé. Stellar opted to withhold 1,617 carats of predominantly near gem/industrial goods from this sale as the Company believed a stronger price could be realised for the goods in future sales. Stellar will present these withheld goods for sale alongside the next export from Baoulé at a sale currently planned for May 2015. Further information will be announced in relation to the next planned sale, when the final number of carats and definitive dates are established.

Ebola Update

Although the Ebola virus persists in some areas of Guinea there have been no recorded cases in the area of operation for some time. Nevertheless, the Company remains vigilant and adheres to strict operating procedures to ensure the continued well-being of all employees and the local communities.

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 26 years' experience.

http://www.moneyam.com/action/news/showArticle?id=5018871

Stellar Diamonds pleased with trial mining progress at Baoule
By Philip Whiterow
April 20 2015, 8:33am

Stellar Diamonds (LON:STEL) has recovered more large, high quality stones from its trial mining operation at Baoule in Guinea.

Latest mining has seen diamonds of between 12.6 carat and 10.0 carats, the company said. So far a total of 5,087 carats has been unearthed at the mine at an average grade of 13.5 cpht.

Last month, Stellar sold 733 gem quality carats from Baoulé at an average value of $266 per carat as part of a larger sale. One 5.5 cpht diamond sold for more than US$25,000.

Karl Smithson, chief executive, said: "Good progress continues to be made from trial mining at Baoulé.

“Our objective is to produce 15,000 carats from this exercise to enable us to determine the grade, value and presence of large stones in the pipe, with a view to using this information to consider a decision to advance Baoulé to commercial scale mining.“

7 May 2015
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")


Baoulé Diamond Sale

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that its next diamond sale of up to 4,439 carats from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea will take place in Dubai and Antwerp via the eDiamond auction platform during May. The sale process will include gem quality stones up to 12.6cts in size.

The goods will be available to view in the offices of eDiamond in Dubai from the 10 to 13 May and in Antwerp from the 18 to 25 May with the auction expected to close at the end of May 2015.

Interested and compliant qualified groups can arrange to view the goods by registering with eDiamond.

This second diamond sale is part of the Company's anticipated regular sales process from the trial mining of Baoulé where a total of 15,000 carats are targeted in order to establish the diamond grade, value and presence of large diamonds in the kimberlite pipe.


About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5031718

Stellar Diamonds and their Tongo Kimberlite Project get a mention in the latest 'African Mining' magazine:

http://www.myvirtualpaper.com/doc/brookepattrick/african_mining_may-june_2015/2015051301/17.html#16

and relates to this announcement:

Application for Mining Licence at Tongo Kimberlite Project, Sierra Leone

6 Month Chart

5 Year Chart

BIG PICTURE - Stellar Diamonds gleaming in Guinea
By Andrew Neil
May 15 2015

Twelve months ago Stellar Diamonds’ (LON:STEL) Baoulé mine was tipped to transform the company’s fortunes.

Back then, the firm was still building roads and lugging equipment to its 75% owned site, located in the heart of the Aredor diamond district in Guinea.

A year on, and after fast-tracking trial mining at the West African operation, Baoulé is generating substantial carats and cash flow for the business.

“We’ve become more of a development company than an exploration company,” Stellar’s chief executive Karl Smithson told Proactive. “That’s been a key change for us.”

To date, diamond production from initial trial mining at Baoule has recovered 34,958 diamonds, weighing 5,087 carats.

Sales of up to 4,439 carats will take place in Dubai and Antwerp this month and will include gem quality stones up to 12.6 carats in size.

It follows an earlier sale of 733 gem quality carats from Baoulé at an average value of US$266 per carat.

One diamond sold for more than US$25,000.

Stellar’s plan is to produce and sell a total of 15,000 carats from the site this year, raising between US$2-3mln.

All of which is being used to establish the overall diamond grade, value and presence of large stones in the kimberlite pipe.

“Essentially it’s a self-funded evaluation exercise,” explains Smithson.

“We’ll be recycling all the funds back into the project. That way, Baoule becomes a lot more tangible from an investment perspective.”

Still, the firm would need to raise between US$50mln and US$100mln to move to full commercial-scale mining.

That requires a track record of production and a definitive resource study.

Hence why Stellar’s trial mining is an important early indicator of the mine’s future potential.

“In the long run, if we can prove Baoule’s economically viable, potentially, we could be mining 2mln tonnes of deposit annually,” said Smithson.

“At current grades, that could produce 300,000 carats with potential revenues of US$40-50mln each year.”

Clearly, that’s a major operational step up, but the early work could count for a lot.

In a recent note, Austin McKelvie, analyst at Daniel Stewart, said Stellar is already establishing itself as a supplier of regular, high quality diamonds to the markets of the world from the mine in Guinea.

Another broker, Sanlam Securities, has a 'speculative buy' rating on Stellar’s shares, targeting 1.86p with current prices at 0.9p.

Sanlam is just as keen on the firm’s second project in Tongo, which has an inferred resource of 1.45mln carats.

Bulk sampling has been completed at the project in Sierra Leone, despite the Ebola crisis.

In April, Stellar lodged its application for a mining licence at the site as part of its new fast-track plan.

All of the data compiled so far on the deposit is being pulled together for a preliminary economic assessment.

This will be used instead of a previously planned definitive feasibility study and will cut costs.

Smithson says moving the site to the mining licence application stage is a major milestone for the project.

Meanwhile, there is a clear will to support efforts to build the mine – which can offer a positive contribution to the post-Ebola social and economic reconstruction of the area.

Like most companies in the region, Stellar had to adjust its operations last year to address the threat of the Ebola outbreak.

Guinea has been the least affected of the West African countries, so work Baoulé hasn’t been impacted.

But in Tongo, one of the worst affected areas in Sierra Leone, Steller had to temporarily lock down its site.

Austin McKelvie, analyst at Daniel Stewart reckons the Ebola concerns have taken 50% off Stellar’s the share price since May last year.

However, now reckons the shares are undervalued and is currently considering his target price.

Smithson, meanwhile, reckons it’s only a matter of time before Stellar’s value picks up.

“There’s no high-risk exploration left,” he said.

“We’ve reached the development end of the curve and have a better understanding of grades, value, levels of production.

“As we progress, people will sit up and realise this is a different company altogether.”

28 May 2015
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Strong Revenues from Baoulé Diamond Auction


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces sales of US$505,000 from the auction of diamonds from its 75% owned, Baoulé kimberlite pipe in Guinea ("Baoulé" or "the Project"). This brings sales to date for 2015 to over US$922,000, of which US$700,644 are derived from the trial mine evaluation of Baoulé.

Highlights from Baoulé sales:


· Latest diamond auction realises US$505,000 before costs

· 6 lots totalling 48.12cts of +5ct stones sold for US$3,510.17 per carat ($168,909.23)

· Revenue to date of US$700,644 from 5,173 carats at an average of US$135 per carat

· Latest run of mine parcel of 2,822 carats realised an average price of US$156 per carat

· Trial mine evaluation continuing with the objective to yield 15,000 carats for sale and valuation



Stellar Diamonds Chief Executive Karl Smithson commented:

"We are delighted with the results from the latest diamond sale from Baoulé via the online auction eDiamond platform. The presence of larger, high value stones and the stability in the rough diamond market has resulted in an average price of US$156 per carat for the latest Baoulé "run of mine" parcel. Stellar's total revenue from diamond sales in 2015 currently stands at US$922,000, of which US$700,000 is derived from Baoulé. Trial mining is on-going and further diamond sales are targeted for the coming year."



About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5045093

price 1p

STEL's strong revenues from diamond auction

Stellar Diamonds confirms sales of US$505,000 from the auction of diamonds from its 75%-owned, Baoulé kimberlite pipe in Guinea. This brings sales to date for 2015 to over US$922,000, of which US$700,644 are derived from the trial mine evaluation of Baoulé.

Highlights from Baoulé sales:
· Latest diamond auction realises US$505,000 before costs
· 6 lots totalling 48.12cts of +5ct stones sold for US$3,510.17 per carat ($168,909.23)
· Revenue to date of US$700,644 from 5,173 carats at an average of US$135 per carat
· Latest run of mine parcel of 2,822 carats realised an average price of US$156 per carat
· Trial mine evaluation continuing with the objective to yield 15,000 carats for sale and valuation

hmmmmm.....more like that song from James...


Smithson, meanwhile, reckons it’s only a matter of time before Stellar’s value picks up.

“There’s no high-risk exploration left,” he said.

“We’ve reached the development end of the curve and have a better understanding of grades, value, levels of production.

“As we progress, people will sit up and realise this is a different company altogether.”

http://www.proactiveinvestors.co.uk/companies/news/106811/big-picture-stellar-diamonds-gleaming-in-guinea-106811.html

14 August 2015
AIM: STEL
Stellar Diamonds plc

Issue of Convertible Loan Note and Grant of Warrants

Proposed capital re-organisation

Director's loan

Stellar Diamonds Plc (the "Company" or the "Group"), the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has today raised US$330,000 (approximately £211,200) by way of the issue of a new unsecured convertible loan note ("Note") to Deutsche Balaton AG ("Deutsche Balaton").

Additionally the Company has granted Deutsche Balaton a warrant to subscribe for new ordinary shares for an aggregate subscription price of US$330,000 (£211,200) as further detailed below ("Warrant"). The net proceeds of the Note will be used for the near term working capital requirements of the Group.

CEO Karl Smithson commented:

"Deutsche Balaton share our vision for the development of a significant hard rock diamond mine from our portfolio of advanced projects in West Africa. In what remains a challenging market for the natural resource sector we welcome and value the support and credentials of Deutsche Balaton who we believe will be a long term strategic investor in the Company.

It is necessary for Stellar to undertake a capital reorganisation in order to amend the nominal value of our shares relative to the price at which we are currently able to issue new shares. As such, it is intended that the Company's shares will be consolidated and sub-divided. The Directors consider that the participation of Deutsche Balaton and the proposed share re-organisation are important developments in the transformation of Stellar from a junior explorer in to an established diamond producer."

Further Information

Deutsche Balaton AG is a German private equity investment company founded in 1991 and based in Heidelberg. Its shares are traded on the Frankfurt Stock Exchange (Regulated Unofficial Market, Open Market, Entry Standard) and it is an investor in public and private companies across a range of sectors, in addition to investing in other areas such as fixed-interest securities. Investments are typically held over the long term with a view to creating an attractive return for its shareholders.

The terms of the Note and the Warrants are set out below.

Conversion of the Note into ordinary shares in the Company ("Conversion") and exercise of the Warrant ("Exercise") is conditional on, inter alia, approval by an appropriate resolution of the shareholders of the Company of a share reorganisation ("Proposed Capital Re-organisation"), further details of which are set out below. The Proposed Capital Re-organisation, if implemented, would result in the number of ordinary shares in issue being reduced by a factor of 50 times.

Shareholders should take particular note of references to "Existing Shares", which refers to the existing ordinary shares of 1 pence each (there are currently 811,929,724 Existing Shares in issue) and references to "Proposed New Shares", being those ordinary shares of 1 pence each in issue following completion of the Proposed Capital Re-organisation (expected to be approximately 16,238,595 Proposed New Shares in issue immediately following the Proposed Capital Re-organisation).

Key terms of the Note

The maturity date of the Note is 7 August 2017 ("Maturity Date") unless redeemed ("Redemption") or converted into ordinary shares in the Company prior to this date. The Maturity Date may be extended by a maximum of six months in the event that Conversion or Exercise is not possible at the Maturity Date (to the extent that the Note has not already been redeemed or converted or the Warrant has not already been exercised) as a result of, inter alia, Deutsch Balaton being in possession of unpublished price sensitive information. Interest is payable on the Note at 6% per annum to be paid in cash in arrears, with the first instalment to be paid on 7 August 2016 and thereafter every six months. On Conversion, any outstanding interest will become payable.

The Note may be converted into 37,473,600 Existing Shares at an effective price of 0.56 pence per Existing Share. The Note may be converted into ordinary shares in whole, but not in part.

The Note may be redeemed in cash at any time at the Company's discretion providing that 10 weeks' notice is given to Deutsche Balaton. Deutsche Balaton may, at its sole discretion, require that the Note be converted into ordinary shares rather than redeemed. The Note may also be redeemed early in certain circumstances, including customary events of default.

Following Conversion and assuming that no other shares are issued by the Company between now and Conversion, Deutsche Balaton would be interested in 4.4 percent. of the Company's so enlarged issued share capital.

The Note is subject to standard anti-dilution provisions and protections in the event of further capital re-organisations in addition to the Proposed Capital Re-organisation (including in the event of an issue of new ordinary shares pursuant to the exercise of options held by employees or directors of the Company).

Details on the effect of the Proposed Capital Re-organisation on the number of shares to be issued pursuant to Conversation are set out below.

Key terms of the Warrant

The Company has granted Deutsche Balaton a warrant to subscribe for a total number of 59,957,900 Existing Shares for an aggregate subscription price of US$330,000, equivalent to an exercise price of approximately 0.35 pence per Existing Share, in order that assuming Conversion and Exercise in full, Deutsche Balaton may own in total up to 10.7 percent. of the Company's so enlarged share capital.

The Warrant is only exercisable following conversion of the Note and may be exercised at any time commencing from the date of Conversion and ending on the Maturity Date of the Note. The Warrant is only exercisable in the event that the Proposed Capital Re-organisation has occurred and may only be exercised in whole and not in part.

The Warrants are subject to standard anti-dilution provisions and protections, in the event of further capital re-organisations in addition to the Proposed Capital Re-organisation.

Proposed Capital Re-organisation

The Companies Act prohibits companies from issuing shares at a price below their nominal value. The terms of the Note and the Warrants are such that the effective issue price of Existing Shares to Deutsche Balaton, were Conversion or Exercise to occur, would be below the current nominal value of 1 pence per Existing Share.

Accordingly, it is the Directors' intention that a capital re-organisation be carried out in due course to allow Conversion and Exercise to occur.

Subject to publication of a shareholder circular and passing of resolutions by shareholders at a general meeting, it is intended that the Proposed Capital Re-organisation will consist of two elements:

· every 50 Existing Shares of 1 pence each will be consolidated into 1 consolidated share of 50.0 pence ("Consolidated Shares") ("Consolidation"); and

· immediately following the Consolidation, it is intended that each Consolidated Share will then be sub-divided into 1 new ordinary share of 1 pence ("Proposed New Share") and 1 new deferred share of 49 pence ("New Deferred Share") ("Sub-Division").

In the event of implementation of the Proposed Capital Re-organisation, shareholders would own 1 Proposed New Share of 1 pence nominal value and 1 New Deferred Share for every 50 Existing Shares that they own prior to the Proposed Capital Re-organisation. It is not expected that the percentage holding of individual shareholders in the Company would change as a result of the Proposed Capital Re-organisation. The rights attaching to the Proposed New Shares would be identical in all respects to those of the Existing Shares and the deferred shares would have carry no voting rights or be admitted to trading on AIM. Full details of the Proposed Capital Re-organisation will be set out in a shareholder circular and notice of general meeting.


Expected effects of the Proposed Capital Re-organisation on Conversion and Exercise

The result of the Proposed Capital Re-organisation (being the Consolidation and the Sub-Division), if approved by shareholders, would be to reduce the number of ordinary shares in issue by approximately 50 times and, accordingly, assuming normal market conditions, to increase the price at which the Company's ordinary shares would trade to approximately 50 times the value at which the Existing Shares currently trade. The nominal value of 1 pence each per Existing Share would remain unchanged at 1 pence per Proposed New Share under these proposals.

Assuming shareholder approval of the Proposed Capital Re-organisation:

· Conversion, if it occurred would result in the issue of 749,472 Proposed New Shares (being 37,473,600 Existing Shares divided by 50 times) issued at an effective share price of approximately 28.2 pence per Proposed New Share;

· Exercise, if it occurred in full would result in the issue of up to 1,199,158 Proposed New Shares (being 59,957,900 Existing Shares divided by 50 times) issued at an effective share price of approximately 17.6 pence per Proposed New Share.

In the event that Conversion and Exercise occurs, Deutsche Balaton will be interested in approximately 10.7 percent. of the so enlarged share capital (assuming no other issue of shares occurs between now and Exercise).

Since conversion of the Note and exercise of the Warrant is conditional on the Proposed Capital Re-organisation being implemented, the number of Existing Shares referred to above following Conversion or Exercise is for illustrative purposes only.

It is expected that a further announcement on the Proposed Capital Re-organisation will be made in due course together with publication of a circular and notice of general meeting to effect the Proposed Capital Reorganisation. In the event that the Proposed Capital Re-Organisation does not occur, Deutsche Balaton will be unable convert the Note into Existing Shares or exercise its Warrant.

Potential further issue of convertible notes

The Company is currently in advanced discussions with Deutsche Balaton with regards to securing a larger convertible loan note (and associated warrants) over and above the Note ("Additional Note") to provide sufficient working capital for the Group for the period through to expected completion of the Tongo mining licence approval process.

This approval process is expected to be completed later in 2015, although there is no guarantee of this timing and is subject to regulations the Mines Act (2009) of Sierra Leone, which allows for conversion of an exploration licence to a mining licence on completion of a mine plan, financial model, environmental impact study and environmental licence. Stellar is well advanced on all of these aspects of the mining licence approval process and a more comprehensive update will be issued in the near future. Whilst discussions with Deutsche Balaton are at an advanced stage, there is no guarantee that the Company will enter into definitive agreements in respect of the Additional Note.

Director's loan

The Company has received an unsecured loan of US$45,000 ("Loan") from Peter Daresbury, Non-Executive Chairman of the Company, in order to contribute to the Company's working capital position during the course of its negotiations with Deutsche Balaton. There is no interest payable on the Loan and the Loan does not have a fixed repayment term. It is anticipated that the Loan will be repaid in the event that further funds are raised from Deutsche Balaton or another investor. The Loan constitutes a related party transaction under the AIM Rules for Companies. The Directors who are independent of the Loan consider, having consulted with the Company's nominated adviser, believe that the terms of the Loan are fair and reasonable in so far as the Company's shareholders are concerned.

Exchange rate

An exchange rate £0.64: US$1.00 has been assumed for the purpose of this announcement.


About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which is continuing trial mine evaluation of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.
** ENDS **

http://www.moneyam.com/action/news/showArticle?id=5094837

Just catching up:

24 August 2015
AIM: STEL

Stellar Diamonds plc

Positive PEA on Tongo Project and Mining Licence Application, Sierra Leone

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces the results of the preliminary economic assessment ("PEA") from its Tongo kimberlite diamond project in Sierra Leone ("Tongo" or "the Project").


Independent consulting company Paradigm Project Management ("PPM") was retained by the Company to conduct the PEA over the 1.45 million carat inferred resource of the Tongo Dyke-1 kimberlite, one of four kimberlite dykes at the Project. The objective was to define updated project economics for both surface and underground mining of the diamond resource in support of the mining licence application. This independent PEA report can be found on the Company's website.



Tongo Dyke-1 PEA Highlights:

· 18 year life of mine from both surface and underground mining yielding 955,930 carats

· Surface mining in years 1-4 targeting a yield of 117,806 carats providing early cash flow

· Modelled diamond resource grade of 120cpht and diamond value of US$270 per carat

· Low cost capex requirement of US$24.2 million to establish surface and underground mine

· Gross mine revenues of US$386.7 million

· Pre-tax NPV10 of US$53.2 million and IRR of 31%

· Significant potential to increase mine life and revenues with resource open at depth

· Mining licence application to be submitted



Chief Executive Karl Smithson commented:

"The Tongo PEA has delivered robust economics which support the development of an open pit and subsequent underground mine. Early cash flow is expected to be generated from the initial surface mining but the mine also represents a long-term and sustainable operation which has the potential to generate solid cash flows from the sale of its very high quality, high grade diamonds over many years. Stellar considers that the Tongo mine can be further improved and extended with the development of additional diamond resources from nearby high-grade kimberlites that we have previously identified and tested.

"Importantly for Sierra Leone, this mine will contribute significant employment and community development opportunities in an area that has been adversely affected by the Ebola crisis, which has now thankfully been eradicated from the area of operation for over six months. As such we will work closely with all stakeholders to ensure the successful development of this mine for all concerned. We expect to formally submit our application for the mining licence in the near future, once our environmental impact assessment study has been completed and our environmental licence granted.


"I look forward to updating shareholders over the coming months as we continue towards the development of the Tongo mine to complement our Baoulé Kimberlite Pipe Project in Guinea where Trial Mining has already generated revenues from diamond sales."

More from link below:

http://www.moneyam.com/action/news/showArticle?id=5099328

http://stellar-diamonds.com/

****************************************************************
Stellar Diamonds boss on potential upside at Tongo project

"2 November 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" of the "Company")

Capital Reorganisation

Issue of convertible loan notes and warrants

Cancellation of existing convertible loan note and warrant

Conditional subscription of 7,594,692 Subscription Shares

Approval of a waiver of Rule 9 of the City Code on Takeovers and Mergers

and

Notice of General Meeting



Highlights

· Proposed capital reorganisation: every 50 existing ordinary shares of 1 pence each to be consolidated into 1 consolidated share of 50.0 pence and each consolidated share will then be sub-divided into 1 new ordinary share of 1 pence ("New Ordinary Share") and 1 new deferred share of 49 pence;

· Convertible loan note to raise US$1.65 million (approximately £1.06 million). Conversion at an effective price of 0.56 pence per existing ordinary share (28.18 pence per New Ordinary Share);

· Issue of warrants with aggregate exercise price of US$1.65 million. Effective exercise price of 0.35 per existing ordinary share (17.61 pence per New Ordinary Share);

· Subscription to raise £497k at an effective price per existing ordinary share of 0.131 pence (6.55 pence per New Ordinary Share);

· Use of Proceeds to enable Stellar to apply for the Tongo mining licence, resume trial mining at Baoulé and for general working capital needs."


GENERAL MEETING AND ADMISSION TO AIM

Subject to passing of the necessary resolutions at the General Meeting to be held at 10.00 a.m. on 19 November 2015 at the offices of Daniel Stewart at 33 Creechurch Lane, London, EC3A 5EB, (further details of which are set out below), Admission to trading on AIM is expected to occur on 20 November 2015. A further announcement will be made in due course following the General Meeting.

Announcement in full via link below:

http://www.moneyam.com/action/news/showArticle?id=5143606

Stellar Diamonds set to bring in £1.26mln for working capital
02 Nov 2015

Stellar Diamonds (LON:STEL) is to bring in around £1.26mln net via a convertible loan note agreement and subscription deal, which will be used for ongoing working capital, it said, as it unveiled a big reorganisation of its shares.

The AIM firm wants to complete its Tongo mining licence application in Sierra Leone and resume the trial mining of the kimberlite pipe at Baoulé in Guinea which has to date yielded over 6,400 carats.

The miner said it would issue new convertible notes to Deutsche Balaton AG to raise around £1.06mln. It will also issue Deutsche Balaton warrants to subscribe for new Stellar shares worth around £1.06 million.

Conditionally, Stellar will also raise around £497,452 via a subscription through the issue of 7.6mln new subscription shares following the capital reorganisation.

That reorganisation will see every 50 shares consolidated into a single share of 50p each, which will then be sub-divided into one new share of 1 pence and one deferred share of 49 pence.

The aim at Baoulé remains to process 100,000 tonnes of kimberlite to justify the next stages of project development.

Diamond sales from trial mining evaluation have to date realised over US$700,000 with the latest sale in May 2015 achieving an average price of US$156 per carat.

Due to current weak rough diamond market conditions, however, Stellar expects the next diamond sale to be pushed back to the first quarter of 2016.

The rainy season in Guinea started in July this year which led to a hiatus in the trial mining.

It is expected that trial mining will recommence in this month (November), which the firm believes should result in an increase in diamond inventory for the next export and planned sale.

Shares in Stellar eased 20% to 0.30p.

9 November 2015
AIM: STEL
Stellar Diamonds plc

SIERRA LEONE DECLARED EBOLA-FREE


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, welcomes the announcement made by the World Health Organisation on Saturday 7 November 2015 that Sierra Leone is Ebola-free after going 42 days without any new infections. The Company, which is in the process of preparing the submission for its mining licence for the Tongo kimberlite diamond project in Sierra Leone ('Tongo' or the 'Project'), remains committed to supporting the recovery of Sierra Leone and the wider West African region.

Chief Executive Karl Smithson commented:

"Sierra Leone's status as Ebola-free is a huge achievement for both the country and the people who supported the fight against the virus; we would like to congratulate the resilience and dedication shown by all those involved.

"Stellar has also played its part in the fight against Ebola in Sierra Leone and Guinea and through various initiatives has contributed to the well-being and protection of its employees and local communities.

"The Company will continue to support Sierra Leone and Guinea through ongoing project development. The Tongo project is moving through the mining licence application stage and hopefully towards mine development, which will create both extensive employment and numerous community development opportunities that will significantly contribute towards the post-Ebola economic recovery in Sierra Leone. We note that whilst Ebola cases remain in Guinea these are dwindling and we hope that in the near future the virus can be fully eradicated from both Guinea and the West African region as a whole."

http://www.moneyam.com/action/news/showArticle?id=5148737

12 November 2015
AIM: STEL
Stellar Diamonds plc

UNSECURED BRIDGE LOAN



Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has entered into a bridge loan agreement for an amount of USD150,000 ("bridge loan") from Deutsche Balaton AG ("Deutsche Balaton"), a new institutional investor pending the passing of certain resolutions at the General Meeting ("GM") scheduled for 19th November 2015. At the GM a series of resolutions are proposed in relation to, inter alia, a subscription, issue convertible loan notes and a capital reorganisation as announced on the 2 November 2015. Subject to the resolutions being passed, the Company will receive funds of £1.56 million from Deutsche Balaton and other investors ("the Fund Raise").

An interest rate of 8% per annum is charged on the Bridge Loan though the loan will be repaid no later than the 30th November 2015 from the proceeds of the Fund Raise. Stellar's Chairman, Lord Daresbury, has undertaken to personally guarantee the Bridge Loan.

The proceeds of the Bridge Loan will enable Stellar to make immediate steps towards the recommencement of the trial mining at Baoulé and the submission of the Tongo mining licence application and not have to wait until the General Meeting has taken place.

http://www.moneyam.com/action/news/showArticle?id=5151861

SEE LINK AT BOP FOR FULL DETAILS:

19 November 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" of the "Company")

RESULT OF ANNUAL GENERAL MEETING

CAPITAL REORGANISATION

FUNDING UPDATE

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that at the General Meeting (the "GM") held earlier today, all resolutions were duly passed.


The resolutions passed included those relating to a consolidation and sub-division of the Company's share capital (the "Capital Reorganisation"), details of which were set out in the circular sent to shareholders on 2 November 2015, which is available on the Company's website at www.stellar-diamonds.com ("Circular"). A summary of the Capital Reorganisation was also announced by the Company on 2 November 2015 ("Prior Announcement").


Unless otherwise stated, capitalised terms used in this announcement are as defined in the Prior Announcement and the Circular.

Following the passing of the resolutions required to effect the Capital Reorganisation at the GM today, every 50 existing ordinary shares of 1 pence each ("Existing Ordinary Shares") will be consolidated into 1 consolidated ordinary share of 50 pence each ("Consolidated Share"). Immediately afterwards, each of the Consolidated Shares will be sub-divided into 1 new ordinary share of 1 pence each ("New Ordinary Share") and 1 new deferred share of 49 pence each ('New Deferred Shares').

http://www.moneyam.com/action/news/showArticle?id=5156988

SEE LINK AT BOP FOR FULL DETAILS:

20 November 2015

AIM: STEL

Stellar Diamonds plc
("Stellar" or the "Company")



Appointment of a director

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that Hansjörg Plaggemars has been appointed as a Non-executive Director of the Company with immediate effect.


Mr. Plaggemars is the board representative of Deutsche Balaton AG, who, following the passing of the resolutions at the General Meeting of the Company on 19 November 2015 and completion of a capital reorganisation of the Company's share capital, are interested in 6,912,692 ordinary shares of 1 pence each, representing 29.0 percent. of the current issued share capital of the Company. Additionally through convertible loan notes and warrants granted to Deutsche Balaton as announced on 2 November 2015 and 19 November 2015 and pursuant to a waiver of Rule 9 of the Takeover Code which was approved by shareholders of the Company on 19 November 2015, conversion of the convertible loan notes and warrants granted to Deutsche Balaton would allow Deutsche Balaton to be interested in up to 37.5 per cent. of the issued share capital of the Company. Mr. Plaggemars is an Executive Director of Deutsche Balaton AG and does not personally hold a direct interest in the Company's share capital.


Lord Daresbury, non-executive Chairman of Stellar commented:

"We are delighted to welcome Hansjörg to the Board. Not only does he represent the interests of our new major shareholder but he also brings with him a diverse range of skills and experience that can benefit the Company as we evolve from an exploration to a mining company."

Mr. Plaggemars has been a member of the board of Deutsche Balaton since 2014. He has a wealth of experience across a range of industries where he has acted in a variety of roles including executive roles such as CFO, COO and chief restructuring officer as well as acting as a supervisory board member for a number of companies. Most recently Mr. Plaggemars was managing director of Unister Holding GmbH, a leading online travel agency in the region of Germany, Switzerland and Austria and prior to this Mr. Plaggemars was CFO of Müller Holding Ltd. & Co. KG, a leading German drugstore chain and and previously Chief Restructuring Officer and CFO for Kampa AG, one of Europe's leading prefabricated house manufacturers. Mr Plaggemars also has a background in private equity and corporate finance and is a graduate of the University of Bamberg, Bavaria, Germany, in business economics.

http://www.moneyam.com/action/news/showArticle?id=5158122

24 November 2015
AIM: STEL
Stellar Diamonds plc ("Stellar" or the "Company")

Final Results and Notice of AGM


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces its final results for the period ended 30 June 2015.


Operational Highlights:

Baoulé Project, Guinea (75% owned):

· Trial mining yielded 6,400 carats at a +1.25mm run of mine grade of 13.5cpht

· Diamonds sale revenues of over US$700,000 (US$900,000 including other project inventory)

· High quality diamonds with values of up to US$6,800 per carat realised

· Target resource of 3.3 million carats based on historical drilling and current trial mining



Tongo Dyke-1 Project, Sierra Leone (100% owned):

· Preliminary Economic Assessment issued highlighting robust project economics

· NPV (10) of US$53 million and IRR of 31%

· Early cash flow expected to be generated and low capital requirement of US$24.2 million for surface and underground mining

· 18 year life of mine plan yielding target 1 million carats and US$386 million revenues

· Mining licence application and environmental impact assessment study to be submitted in near future



Financial Highlights:

· US$2.2 million raised during the year to complete the Tongo PEA and bring Baoulé into Trial Mining production

· Further US$2.4 million raised in November 2015 to progress the Tongo mine licence process and the Baoulé Trial Mining exercise

· Group administrative costs reduced to US$1.4 million from US$2.8 million with significant reductions made in both corporate and project level administration costs


Stellar Diamonds Chief Executive Officer Karl Smithson commented:

"Having delivered a very robust mine plan and financial model for Tongo the Board has decided to advance the project to the mining licence application stage. The independent PEA outlines an 18 year life of mine at a modest capital requirement of US$24.8 million which is expected to deliver robust revenues at a high margin. The calculated NPV at US$53 million is multiples of our current market capitalisation.

"At Baoulé we commenced trial mining of the 5 hectare kimberlite pipe. Processing via our 100tph DMS plant has so far yielded over 6,400 carats with maiden revenues of US$700,000 with the most recent diamonds sale in May achieving an average value of US$156 per carat. A number of diamonds have achieved high prices with a 10 carat fancy yellow stone fetching US$6,800 per carat which indicates the high value potential of the diamonds contained in the Baoulé pipe.

"We look forward with excitement to the year ahead which we believe will be transformational for Stellar. Securing the mining licence and necessary funding to get Tongo into mine development and production, and continued positive results from trial mine evaluation of Baoulé should hopefully deliver the returns that shareholders deserve."

http://www.moneyam.com/action/news/showArticle?id=5159414

27 November 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" of the "Company")


SUBMISSION OF TONGO MINING LICENCE APPLICATION AND

ENVIRONMENTAL IMPACT ASSESSMENT

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that it has formally submitted to the National Minerals Agency (NMA) of Sierra Leone its application for a large scale mining licence for the Tongo project. This application will be processed by the NMA and then forwarded to the Minerals Advisory Board (MAB) for consideration. The MAB, after its consideration, will then make its recommendation to the Minister of Mines for approval of the mining licence.

The final Environmental, Social and Health Impact Assessment (ESHIA) report has been submitted to the Environmental Protection Agency (EPA) for consideration. In order to complete the process with the EPA, public disclosure meetings will be held in the New Year both in the project area and in Freetown, after which the ESIHA can be approved by the EPA and the required environmental licence issued.

Chief Executive Karl Smithson commented:

"The submission of the Tongo mining licence application and ESHIA marks a key milestone in the development of the project as we make the transition from exploration to mining. Notably, as far as I am aware, this is the first large scale mining licence of any kind to be applied for since the onset of the Ebola crisis. As such this therefore also marks an important milestone for the country of Sierra Leone which needs to attract new private sector investment to contribute to its post-Ebola economic recovery. I look forward to providing further updates as these applications are processed."

http://www.moneyam.com/action/news/showArticle?id=5162172

3 December 2015
AIM: STEL
Stellar Diamonds plc
("Stellar" of the "Company")

Director's dealing

Issue of equity

The Company announces that application has today been made for 1,969,189 new ordinary shares of 1p each in the Company ("New Ordinary Shares") to be admitted to trading on the AIM market of the London Stock Exchange plc.

Further to the announcement by the Company on 2 November 2015 (the "Announcement"), the Company has accrued net fees to certain Non-Executive Directors of approximately £65,607 in aggregate for the period up to December 2015 in order to conserve cash. Additionally, the Company has accrued a further £23,850 in respect of net fees owed to the Chief Executive Officer and £39,525 in respect of certain senior management for the same period. Due to being in a close period at the time of the Announcement, it was not possible to issue shares to the Directors and senior management in lieu of these fees concurrent with the subscription to raise approximately £0.5million at 6.55 pence per share which was announced at that time ("Subscription") ("Subscription Price").

The Company is no longer in a close period following the publication of its annual results on 24 November 215 and announcement of the submission of its mining licence on 27 November 2015. Accordingly, notwithstanding the statement in the Circular dated 2 November 2015 and in the Announcement, as a result of the Directors and Senior Management's outstanding payroll liabilities being settled in cash, they have agreed for the net amount received to be reinvested into new shares in the Company at the Subscription Price through the issue of the New Ordinary Shares.

1,365,753 New Ordinary Shares have been allotted to certain Directors as follows:

****SEE LINK AT BOP FOR FULL DETAILS****


The New Ordinary Shares will be subject to a lock-in period of 6 months from the date of admission (subject to certain limited exceptions), which can only be waived with the consent of Cairn Financial Advisers LLP.

The issue of the New Ordinary Shares is conditional on Admission. The New Ordinary Shares will rank pari passu with the existing ordinary shares and dealings are expected to commence in the New Ordinary Shares on or around 10 December 2015.

Related party transaction

The issue of the New Ordinary Shares to the Directors and certain senior management constitutes a related party transaction as defined by AIM Rules for Companies. The independent director, being Hansjörg Plaggemars, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, considers that the terms of the terms of the transaction are fair and reasonable insofar as the Company's Shareholders are concerned.

Total voting rights

Following the issue of the New Ordinary Shares, the Company's total voting share capital in issue will be 25,802,476 ordinary shares of 1p each.

http://www.moneyam.com/action/news/showArticle?id=5167259

18 December 2015
AIM: STEL

Stellar Diamonds plc
("Stellar" or the "Company")

Result of Annual General Meeting

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that all the resolutions put to shareholders at the Company's Annual General Meeting held today were duly passed.


About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through a definitive feasibility study. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5178079

4 January 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" of the "Company")

Director's dealing

The Company was informed on 31 December 2015 that Karl Smithson, Chief Executive Officer of the Company, on the 30 December 2015 purchased approximately £10,000 of ordinary shares in the Company as follows:

SEE LINK AT BOP


Following the purchase, Karl Smithson is beneficially interested in 626,073 ordinary shares (including those held by his wife), representing 2.43% of the issued share capital of the Company. The issued share capital of the Company comprises 25,802,474 ordinary shares of 1p each.

http://www.moneyam.com/action/news/showArticle?id=5185891

6 January 2016
AIM: STEL

Stellar Diamonds plc
("Stellar" of the "Company")

Director's dealing


The Company was informed on 05 January 2016 that Karl Smithson, Chief Executive Officer of the Company, on the same day transferred ordinary shares from a nominee account in his personal name into a personal SIPP as follows:

SEE LINK AT BOP

There is a small change to Mr Smithson's total beneficial as a result of the transfer. Following the transfer, he is beneficially interested in 625,019 ordinary shares (including those held by his wife), representing 2.42% of the issued share capital of the Company. The issued share capital of the Company comprises 25,802,474 ordinary shares of 1p each.

http://www.moneyam.com/action/news/showArticle?id=5187850

25 January 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

55 carat diamond recovered from Baoulé kimberlite in Guinea

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, provides an operational update from trial mining at its 75% owned, five hectare Baoulé kimberlite pipe ("Baoulé" or "the Project") in Guinea.

Highlights:

· 55 carat diamond recovered confirming presence of large stones in the pipe

· Continued recovery of high quality gems of up to 12 carats

· Trial mining has yielded a total of 8,043 carats to date at an average grade of 12.7 cpht

· Revenue from Baoulé diamond sales to date of US$700,644 from 5,173 carats

· Objective to mine and process 100,000 tonnes of kimberlite now 63% complete

· Target resource of 3 million carats at Baoulé based on previous drilling and diamond results to date; to be confirmed on completion of trial mining

Stellar Chief Executive, Karl Smithson, is currently undertaking a site visit at Baoulé with fellow director Hansjörg Plaggemars, the board representative of Deutsche Balaton AG, a substantial investor in the Company. From the Project site he commented:

"We are extremely encouraged to have recovered this 55 carat stone as it confirms that the Baoulé pipe is a possible source of the large diamonds which have been mined in alluvial deposits downstream of the Baoulé pipe for many years, several of which have been +100 carats in size. We will carefully examine the stone which appears to have a 'boart' exterior and a potentially better quality diamond on the interior. Gem quality diamonds continue to be recovered from the Baoulé kimberlite up to 12 carats in size.

"With approximately 63% of our trial mining and processing at Baoulé now complete, subject to the Company having sufficient working capital, we are currently on track to finalise the trial mining and processing of 100,000 tonnes in Q3 and look forward to providing further updates in due course."


Trial Mining Production and Processing

Trial mining of the Baoulé kimberlite pipe resumed in late November 2015 after the rainy season, with stripping and mining of the western lobe. Extraction of the kimberlite commenced in December 2015 and processing of the material continues on a double shift basis (16 hours per day). The kimberlite material remains predominantly weathered, with increasing amounts of friable harder primary kimberlite at depth.

The overall objective of the trial mining exercise is to extract and process up to 100,000 tonnes of kimberlite in order to determine with confidence the diamond grade and ultimate value of the pipe. The Company remains on track to achieve this objective, having processed over 63,000 dry tonnes of kimberlite thus far.

Diamond Results

A total of 8,043 carats have been recovered to date from Baoulé at a +1.25mm cut off, giving an average grade of 12.7cpht. This grade is slightly lower than previously reported average grade of 13.5cpht due to an average lower grade for the west lobe (11cpht) as compared to the east lobe (13cpht). This seems to be a consequence of fewer smaller stones in the -7 sieve fraction and thus should not impact negatively on the gross diamond value.

Recently a 55.64 carat diamond was recovered, which is the largest stone discovered to date at Baoulé. This is an unusual stone since it has a low quality (boart) coating but what seems to be a better quality diamond within the interior. The quality and potential value of the stone is currently highly uncertain and the stone will be carefully analysed to accurately determine its value before deciding on the sales process.

A total of 610 stones greater than 1 carat have been yielded including numerous gem diamonds of up to 12 carats in size. The presence of the 55 carat stone confirms the Company's belief that the Baoulé pipe is a source of large diamonds and supports the investment thesis of a potentially lower grade but high value kimberlite orebody.

The table below sets out the diamond results to date from Baoulé:

SEE LINK AT BOP

Ebola Update

Guinea was officially declared Ebola free in early January 2016. However, it is possible that isolated cases of infection may occur, as has happened in neighbouring Sierra Leone and Liberia. These cases have been quickly identified and isolated. Nevertheless, the Company remains vigilant and continues to take the necessary precautions to protect its people and assets.

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company. Although any forward looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Subject to any continuing obligations under applicable law or any relevant AIM Rule requirements, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which continues trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5198885

28 January 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Update on Tongo Mining Licence Application, Sierra Leone

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, provides an update on its mining licence application for its 100% owned Tongo Dyke-1 project ("Tongo" or "the Project") in Sierra Leone.

Highlights:

· Mining Licence Application processed by the National Minerals Agency

· Public disclosure meetings held in relation to the Environmental Licence Application

· Environmental, Social and Health Impact Assessment submitted

· Minerals Advisory Board due to review and consider application

Chief Executive Karl Smithson commented:

"Good progress continues to be made towards the approval of the mining licence for our 1.45 million carat Tongo Dyke-1 project in Sierra Leone. Whilst we await the formal granting of this we are considering appropriate funding structures for the future commercial development of the mine to take advantage of the robust economics demonstrated in last year's Preliminary Economic Assessment, which supports the development of an open pit and subsequent underground mine. This phased development model will not only create significant local employment opportunities but also support early cash flow generation and a long-term sustainable operation. I look forward to updating shareholders in due course on progress relating both to our licence application and mine development."

Further Information

During January 2016 two public disclosure meetings were held, one in the project district headquarters of Panguma and the other in Freetown. Both meetings were well attended by a cross section of stakeholders and Company representatives including Stellar's CEO Karl Smithson. These public disclosure meetings form part of the process of the environmental licence application and provide all stakeholders with the opportunity to understand the potential impacts of the future mining operations and associated risk mitigation.

Whilst the Environmental Protection Agency ("EPA") now considers the final Environmental, Social and Health Impact Assessment ("ESHIA") report, representatives of the Company will engage with local stakeholder groups to finalise surface rental and community development agreements. The final part of the ESHIA approval process will then be the discussion and agreement with the EPA of the fees related to the granting of the environmental licence.

The mining licence application is currently awaiting consideration by the Minerals Advisory Board ("MAB") and it is hoped that this will be tabled by the MAB at the next available opportunity, though the timing of this is outside of Stellar's control. As previously reported, the MAB, after due consideration, then makes its recommendation to the Minister of Mine for the approval of the mining licence.

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which continues trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5201572

16 February 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Baoulé Diamond Export and Upcoming Sale

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has exported a diamond parcel of 3,341 carats from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea to Antwerp. These goods will be cleaned and assorted prior to a planned auction which is expected to take place in March.

This third diamond sale 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's objective is to mine and process 100,000 tonnes 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, totaling 5,173 carats and generating revenues of over US$700,000, have been completed in 2015.

Further information on the planned diamond auction will be given once the final schedule has been confirmed.

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue diplomatic channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

** ENDS **


http://www.moneyam.com/action/news/showArticle?id=5213947

17 February 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Approval of Environmental, Social and Health Impact Assessment for Tongo Mine Licence


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has received a letter of approval for its Environmental, Social and Health Impact Assessment ("ESHIA") from the Environmental Protection Agency (EPA) in relation to the mining licence application for its 100% owned Tongo Dyke-1 project ("Tongo" or "the Project") in Sierra Leone.

Chief Executive Karl Smithson commented:

"The approval of our ESHIA marks another key step in the process of obtaining the mining and environmental licences that will allow for the development of the 1.45 million carat diamond resource at Tongo Dyke-1, one of four kimberlite dykes at our Tongo project. We will now schedule a meeting with the EPA to discuss and agree on the fee relating to the issuing of the environmental licence.

"We have also recently successfully concluded the surface rental agreement with the landowners and other key stakeholders and this will now be incorporated in to a legally binding agreement.

"I look forward to updating shareholders in due course on progress relating to the mining licence application which awaits consideration by the Minerals Advisory Board as we continue to progress the development of this high-grade, high-value diamond resource."

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which continues trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

** ENDS **

http://www.moneyam.com/action/news/showArticle?id=5214715

22 February 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Appointment of Joint Broker

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has appointed Beaufort Securities Limited as the Company's joint broker with immediate effect.

http://www.moneyam.com/action/news/showArticle?id=5217167

25 February 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Baoulé Diamond Sale Set For March


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that its next diamond sale from trial mining of its Baoulé kimberlite project in the Aredor area of Guinea will take place in Antwerp via the DDA Trading platform during March 2016.

A total of 3,341 carats were exported in February 2016 which after cleaning has resulted in a loss of weight to 3,295 carats to be sold by auction.

The goods will be available to view in the offices of DDA Trading in Antwerp from 25th February 2016 with the auction expected to close on 8th March 2016. Interested and compliant qualified groups can arrange to view the goods by appointment only and by registering with DDA.

This diamond sale forms part of the Company's trial mining evaluation process of the 5 hectare Baoulé kimberlite where some 100,000 tonnes is being mined and processed in order to determine with confidence the grade and diamond value of the pipe. Over 9,000 carats have been yielded to date and some 5,173 carats were sold in 2015 realising over US$700,000 in revenues.


About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond development company which has commenced trial mining of its Baoulé kimberlite in Guinea, and is progressing the 1.45 million carat Tongo Dyke-1 resource in Sierra Leone through the mining licence application process. In addition, Stellar holds the 3 million carat Droujba project in Guinea and continues to pursue channels to ensure the proper reinstatement of its Kono licences in Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5219834

15 March 2016
AIM: STEL

Stellar Diamonds plc
("Stellar" or the "Company")

Issue of Equity, Diamond Sale and Directorate Change

http://www.moneyam.com/action/news/showArticle?id=5236905

Stellar raises £600 000, auctions $300 000 in diamonds
15th March 2016
By: Natasha Odendaal Creamer Media Deputy Editor Online

Aim-listed Stellar Diamonds has conditionally raised some £600 000 to support various development initiatives at its Sierra Leone and Guinea operations and for general working capital.

The West Africa-focused diamond development company placed 4.4-million new ordinary shares at 10p apiece, while Stellar’s largest shareholder Deutsche Balaton agreed to subscribe for 1.6-million subscription shares at 10p each.

Deutsche Balaton would now hold an aggregate 8.5-million shares, growing its stake to 26.77% following the conclusion of the transaction.

The proceeds would be used to support the company’s Tongo mine licence application process in Sierra Leone, as well as complete the trial mining and diamond sales exercise and a maiden resource statement, targeting three-million carats, at the Guinea-based Baoulé project.

Stellar also announced the generation of nearly $300 000 from the sale of 3 291 ct in diamonds from the Baoulé project through an auction in Antwerp.

The average price achieved was $91.05/ct, a decline on the $156/ct achieved in the May 2015 sale, owing to a “different mix of goods” with a higher proportion of lower-quality stones, as well as a broadly weaker rough diamond market since mid-2015.

Despite this, at the recent auction, certain gemstones, mostly white gems and fancy coloured yellow gems, fetched prices between $1 000/ct and $4 600/ct.

Meanwhile, in line with Stellar’s ongoing corporate cost-cutting initiative and the rationalisation of the board, Liviu Meran and Dr Markus Elsässer have stepped down as nonexecutive directors, effective March 15.

29 March 2016
AIM: STEL
Stellar Diamonds plc
(“Stellar” or the “Company”)

Interim Results for the six months to 31 December 2015

Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, announces its unaudited interim results for the six months to 31 December 2015.

Operational and Financial Highlights during the period:

•Cash, diamonds held for sale and other inventories of US$0.7m at period end
•US$2.4m of funding brought in through the issue of a Convertible Loan and placing of shares, predominately through new strategic funding partner Deutsche Balaton
•Repayment of Yorkville loan in full
•Administrative costs further reduced to US$0.65m from US$0.91m in the 6 months to December 2014 (29% reduction) and US$1.44m for the 12 months to June 2015 (10% reduction for 6 month equivalent)
•Mining licence application submitted for Tongo Kimberlite Dyke-1 Project in November 2015 and making good progress
•Continued progress of the trial mining process at the Baoulé Kimberlite Pipe Project

Post period-end Highlights

•Baoulé Kimberlite Pipe Project, Guinea (“Baoulé”):

•Diamond sale in March 2016 realising approximately US$0.3 million taking total revenues to date from diamond sales to approximately US$1 million
•Gem diamonds of high quality achieving prices of up to US$6,800 per carat
•Trial mining continues and has yielded over 9,300 carats to date
•Largest stone of 55 carats, though of low quality, indicates large stone potential of pipe
•100,000 tonne bulk sample now 73% completed

•Tongo Kimberlite Dyke-1 Project, Sierra Leone (“Tongo”):

•Good progress made on Mining Licence application
•Environmental Impact Assessment approved
•Estimated project NPV of US$53m and IRR of 31%, however; the weakening of South African Rand and lowering of diesel price has significantly enhanced current project economics

•Financial Highlights

•Equity raising of £0.6m before expenses (conditional on Admission)

Stellar Diamonds Chief Executive Karl Smithson commented, “During the six months reporting period Stellar has continued to achieve good progress at the advanced Tongo and Baoulé projects.

“At Tongo the application for the mining licence over the 1.45 million carat Dyke-1 resource was submitted in November 2015, after we had compiled all necessary technical and financial information in support of the application. The first stages of the approval process have been completed and we now await the recommendation of the Minerals Advisory Board (MAB) to the Minister of Mines. We have also prepared and submitted our environmental impact assessment study to the Environmental Protection Agency (EPA) and this was recently approved in February of this year. We will now engage with the EPA to determine an appropriate licence fee in order to receive our environmental licence which will enable the mining licence to be granted, subject to the MAB and Ministerial approval.

“Trial mining has continued at the 5 hectare Baoulé pipe where we are now 73% of the way through our stated 100,000 tonne bulk sample. The diamond grade remains at the expected 13cpht at a +1.25mm cut off and diamonds of up to 55 carats in size have been yielded, which confirms that the pipe is a source of large diamonds. We sold two diamond parcels in the first half of 2015, realising over US$700,000 in revenues, and a third sale was recently completed post reporting period which generated a further US$300,000 in revenues, bringing total revenues to US$1 million. From the sales conducted we have realised high values for single stones of up to US$6,800 per carat, which demonstrates the high quality of some of the diamonds in the deposit. At the end of the trial mining period we intend to establish a maiden diamond resource for the pipe with a target of 3 million carats based on current diamond grade and modelled tonnages.”

Chairman’s Statement

During difficult resource market conditions, Stellar’s focus has rightly remained on the key projects of Tongo and Baoulé which offer the most direct routes to enabling Stellar to become a significant diamond producing company. This has been achieved under very challenging circumstances on the ground during the Ebola outbreak which, I am pleased to report, is totally eradicated from Sierra Leone and with only a few recent sporadic cases in remote areas of Guinea that signify the end of the outbreak there. As Chairman, I am proud of what our Company achieved in its commitment to educate and protect its staff and nearby local communities during this period, often at great personal risk.

Tongo Project, Sierra Leone

Last calendar year we managed to complete all the necessary resource, mine plan and financial modelling requirements for the 1.45 million carat resource at Dyke-1 in the form of an independent Preliminary Economic Assessment (PEA). Armed with this information we were then able to submit the mining licence application which is being given due consideration by the Government authorities. This, to my knowledge, will be the first mining licence application in Sierra Leone since the onset of the Ebola crisis.

The resource at Tongo is high grade (120cpht) and of high diamond value (US$270/ct) which offers an attractive in-situ value of over US$300 per tonne of rock. This is what drives the attractive margin and returns, as evidenced in our PEA where an NPV of US$53 million and IRR of 31% (at a 10% discount rate) were calculated in H1 2015. However, if we adjust the model for today’s South African Rand to US Dollar exchange rate, and the current diesel price in Sierra Leone, the project returns jump to an NPV of US$68.9 million and IRR of 41%.

As I have previously written, there is further resource potential at Tongo from three as yet undrilled, high-grade kimberlites next to Dyke-1. Subject to available finance we will aim to drill Dyke-4 and bring it into resource with a target of 500,000 carats that can contribute to the 1.45 million carat resource at Dyke-1 as we commence production.

We are now turning our attention to potential and appropriate sources of funding for the Tongo mine. A total capital requirement (including working capital for the project) is calculated to be around US$25 million which will enable both the surface and underground mining operation to be brought on stream. We will provide further details on this in due course.

Baoulé Project, Guinea

We resumed trial mining late in the report period after a prolonged rainy season. Our objective remains to mine and process 100,000 tonnes from the 5 hectare pipe, with an approximate equal amount being from the east and west lobes so as to be able to compare results.

We are currently 73% of the way though this sample, having mined 46,500 tonnes from the east lobe and 26,000 tonnes from the west lobe. Processing of this material has yielded over 9,300 carats at an average run of mine (diluted) grade of 12.7 carats per hundred tonnes at a +1.25mm cut off. The largest stone recovered so far is a low quality 55 carat diamond but this does demonstrate the pipe has large diamonds. Notable gem stones up to 13 carats in size have been yielded with some achieving high rough selling prices of up to US$6,800 per carat (for a 10 carat fancy yellow stone).

Three diamond sales have been concluded in Antwerp which have realised US$1 million in revenues. The average prices received for each sale have been highly variable due to the different mix of product and also the volatility in the rough diamond market experienced over the past 12 months.

Based on current production levels of approximately 1,000 carats per month, the trial mining exercise is mostly a cash neutral exercise which is an efficient way to conduct what is essentially an evaluation and resource building exercise. We expect the trial mining component of the process to be completed before the next rainy season (circa. July) and thereafter we will establish maiden resource statement for the Baoulé pipe. In-house modelling of previous drilling over the pipe suggests a target of over 22 million tonnes to a depth of 300m. At an average target grade of 12.7cpht, this would suggest a diamond resource in the region of 3 million carats.

Corporate

In November we were delighted to welcome Deutsche Balaton, a German based investment company, as a significant shareholder and funding partner. Deutsche Balaton invested approximately US$2.4m into Stellar through a convertible loan and a direct equity investment, and at the same time we undertook a capital reorganisation through a 1 for 50 consolidation of our ordinary shares. We hope to work closely with Deutsche Balaton over the coming months as we fund and develop the Tongo mine into production.

We were also pleased to welcome Hansjörg Plaggemars onto the Board of Stellar as the appointed representative of Deutsche Balaton. However, as part of our efforts to rationalise our corporate costs we have streamlined the Board and Dr. Markus Elsasser and Liviu Meran, both representatives of significant shareholders, stepped down from their non-executive director positions. I would like to thank them both on behalf of the Board for their contribution to Stellar and we will continue to work closely with them as key shareholders as we move forward on our strategy of becoming a diamond producing company. Also in November we undertook a capital reorganization through a 1 for 50 consolidation of our ordinary shares.

As in previous periods we have continued to look for ways of reducing our corporate and general administrative cost overheads and I am pleased to report that this has again resulted in a significant reduction of these costs.

Diamond Market

The rough diamond market in 2015 saw average price declines of 15%. However, it is noted that prices have recovered strongly in the first two months of 2016 with both De Beers and Alrosa managing supply to the market to meet the actual demand. There is likely to be some ongoing uncertainty in pricing in the shorter term after manufacturers have restocked so prices for 2016 are likely to remain vulnerable if there is excess supply to the market. The longer term fundamentals for diamonds nevertheless remain robust and one of the most compelling of any commodity.

Outlook

Looking ahead our objective for 2016 is for Stellar to evolve from an explorer to a funded diamond mining company with Tongo moving into the development phase once the mining licence is granted and the necessary funding has been secured. This will be the key focus of the executive team over the coming months and it is no doubt going to be challenging with the current tough resource market conditions. However, we believe that we have the project and the team to make this happen.

Finally, I would like to take this opportunity to thank all our shareholders for their ongoing support for Stellar during these tough markets, as well as my fellow Board members and team on the ground for their commitment in driving the projects forwards. We are all hopeful that 2016 will be one of success and renewed value creation for Stellar.

Lord Daresbury
Non-Executive Chairman
http://stellar-diamonds.com/news/press/interim-results-for-the-six-months-to-31-december-2015

31 May 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Initial Approval of Tongo Mine Licence


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, has been verbally informed that the Minerals Advisory Board (MAB) has approved the application for a mining licence over its 100% owned Tongo project in Sierra Leone. Progression of the licencing process remains subject to the National Minerals Agency ("NMA"), the licencing body of the Ministry of Mines, formally writing to Stellar to inform it of the decision and drawing up a licence agreement to be forwarded to the Minister of Mines for approval.

Thereafter the fiscal terms of the mining licence will be negotiated between Stellar and the Government of Sierra Leone and the resulting mining concession agreement will then require ratification through Parliament.

In the meantime, Stellar is engaging with the Environmental Protection Agency ("EPA") with regards to the required environmental licence, which must also be issued before mining can commence.

A further announcement will be made to shareholders as and when the formal letter is received from the NMA. Such announcement will include any initial conditions expected in relation to the licence.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5350677

13 June 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Trial Mining Evaluation Completed at Baoulé kimberlite in Guinea

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to provide an operational update from trial mining at its 75% owned, five hectare Baoulé kimberlite pipe ("Baoulé" or "the Project") in Guinea.

Highlights:

· 100,000 tonne bulk sample completed

· 11,808 carats recovered at an average grade of 11.4cpht at a +1.25mm cut off

· Grade of the eastern lobe higher than western lobe at 13.3cpht vs. 9.8cpht respectively

· Over 8,400 carats sold to date in three diamond sales realising over US$1 million in revenues

o Gem diamonds of high quality achieving prices of up to US$6,800 per carat

· Sale of over 3,100 carats planned later this month

· Diamond value and grade modelling under way as part of establishing the diamond resource targeting ~3 million carats

Stellar Chief Executive commented:

"The trial mining exercise at Baoulé has been successfully completed, ahead of schedule, through the processing of over 100,000 tonnes of kimberlite from the eastern and western lobes of the 5 hectare pipe. A total of 929 stones greater than 1 carat have been yielded including numerous high value gem and fancy coloured (yellow) diamonds. Additionally as announced on 15 March 2016, one 55 carat stone has been recovered, which confirms the Company's belief that the Baoulé pipe is a source of large diamonds that are renowned in the Aredor area of Guinea.

The results show a clear difference in grade and diamond quality between the eastern and western lobes, with the volumetrically larger eastern lobe being of higher grade and quality. With the higher grade area identified, we intend to sell a further 3,188 carats later in June, with these diamonds all arising from the western lobe. This planned sale will add to US$1 million generated to-date from diamonds sold, which has contributed significantly to the costs of the exercise. We will then complete the necessary diamond grade and value modelling as part of the resource estimation exercise, with our resource target remaining approximately 3 million carats contained within the Baoulé pipe. This will then allow us to formulate the next development steps for the project."

Trial Mining Production and Processing

Trial mining evaluation of the Baoulé kimberlite pipe was recently completed through the mining, extraction and processing of over 100,000 dry tonnes of kimberlite. The geology of the pipe is complicated in parts with what seem to be multiple intrusions and brecciated contact zones in both lobes, with the western lobe in particular hosting a number of late stage and cross-cutting kimberlite dykes. For the purposes of evaluation it was not possible to separate and process separately each kimberlite lithology. However, the east and west lobes were sampled and processed separately, which did confirm a difference in grade between the two. Some 46,561 tonnes were processed from the eastern lobe whereas some 56,555 tonnes were processed from the western lobe.

The following link shows a pictorial of the trial mining exercise from start to finish: http://stellar-diamonds.com/wp-content/uploads/2016/06/Baoulé-Trial-Mining-Review-June-2016.pdf

Diamond Results

A total of 11,808 carats have been recovered to date from Baoulé at a +1.25mm cut off, giving an average grade of 11.4cpht. However, it is clear that the eastern lobe has a higher grade at 13.3cpht than the western lobe at 9.8cpht. This could be a consequence of different kimberlite types or processing efficiencies, since it was noted that the western lobe did yield a fewer percentage of -7 sieve stones (<1.83mm) compared to the eastern lobe

A total of 929 stones greater than 1 carat have been yielded including numerous high value gem and fancy coloured (yellow) diamonds of up to 12 carats in size. The presence of the 55 carat stone confirms the Company's belief that the Baoulé pipe is a source of large diamonds that are renowned in the Aredor area of Guinea.

A full statistical analysis will be made to compare the eastern and western lobes in terms of diamond grade, value and size distribution.

The table below sets out the diamond results to date from Baoulé:

***See Link at BOP***


Diamond Sales

A total of three diamond sales have been held to date. Some 8,400 carats have been sold realising US$1 million in revenues. Diamond values have varied widely from US$91 to US$156 per carat depending on the market sentiment at the time of the sale and the diamond mix of the parcels sold. However, it is notable that a number of gem and fancy coloured diamonds commanded premiums and values of up to US$6,800 per carat, confirming the presence of high value stones in the Baoulé pipe.

The fourth diamond sale of over 3100 carats is scheduled for June 2016. The sale will be via online auction using the DDA Trading platform. Viewings of the goods will take place from 20 to 27 June 2016 in Antwerp with the auction closing on 28 June 2016. Results of the auction will be announced soon after the auction is closed and sales proceeds received.

Competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5358806

13 June 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Shareholder Loan Facility

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has entered into an unsecured loan facility agreement ("the Agreement") with existing shareholders Altus Strategies Limited ("Altus") and Deutsche Balaton AG ("Deutsche Balaton") to provide funding to the Company of £465,000 in aggregate (the "Loan"), of which £325,000 is to be provided by Altus and £140,000 by Deutsche Balaton. The proceeds of the Loan will be used for working capital purposes as the Company advances its mining licence application for its Tongo kimberlite project in Sierra Leone and establishes a maiden resource at its Baoulé kimberlite project in Guinea.

The Loan is repayable six months following the date of the Agreement, or as otherwise agreed from time to time and bears interest at a rate of 20% per annum, payable in arrears. Stellar may prepay all or part of the Loan at any time, subject to a minimum prepayment amount. The Loan agreement includes customary terms and conditions, including agreement to use best endeavours to sell certain non-core assets (namely plant and equipment) to repay the Loan in the event of default.

By virtue of Deutsche Balaton being a substantial shareholder of the Company and Steven Poulton, a Director of the Company being the Chief Executive Officer of and minority shareholder in Altus, the Loan constitutes a related party transaction under the AIM Rules for Companies. The Directors who are independent of the Loan consider, having consulted with the Company's Nominated Adviser, that the terms of the Loan are fair and reasonable in so far as the Company's shareholders are concerned.

About Altus Strategies Ltd

Altus is a private UK based natural resource group which was founded in 2007. Through its subsidiaries, Altus is advancing a diversified portfolio of mineral exploration projects across Africa, is authorised by the FCA to undertake investment management activities and makes principal investments in selected special situations. Further information on Altus is available at: www.altus-strategies.com.

About Deutsche Balaton AG

Deutsche Balaton is a German investment company which was founded in 1991. Its shares are traded on the Frankfurt Stock Exchange (Regulated Unofficial Market) and the company invests as principal in public and private equities, interest bearing securities and alternative assets across a range of sectors and geographies. Deutsche Balaton typically makes investments which result in it holding between 25 per cent. and 100 per cent. of a company. Further information on Deutsche Balaton is available at: www.deutsche-balaton.de

About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5358805

Missed this interview from 1st June:

Stellar Diamonds “moving in the right direction” with licence, says chief
12:17 01 Jun 2016

This week Stellar Diamonds PLC (LON:STEL) reported progress on its bid for a mining licence for its Tongo project in Sierra Leone, where it has been verbally informed that the Minerals Advisory Board (MAB) has approved its application.

Karl Smithson, chief executive, says he is “very happy” that the company has “gone through essentially two stages” – the submission of the licence application in November and the review by the Minerals Advisory Board.

He tells Proactive Investors that the company expects written approval in the shortly, before the application moves to the minister for his signature and final approval.

While the process is long, Smithson says the company is “moving in the right direction”, adding that he expects the project in Sierra Leone, once approved, to be a “long-term and sustainable operation for Stellar and for the country”.

Stellar Diamonds completes Baoulé sampling early
08:57 13 Jun 2016

The company revealed that the quality of diamonds in the larger eastern lobe is higher than those from the western lobe



Stellar Diamonds PLC (LON:STEL) has completed the 100,000 tonne bulk sample at its Baoulé kimberlite project in Guinea.

The company revealed 11,808 carats were recovered at an average grade of 11.4 carats per hundred tonnes (cpht), using a +1.25mm cut-off.

Stellar added that to date, more than 8,400 carats have been sold in three diamond sales, bringing in more than US$1mln in revenues. The higher quality gems have been achieving prices of up to US$6,800 per carat, it added.

The sale of a further 3,100 carats are planned later this month, with all of the diamonds extracted from the western lobe, which is generally yielding lower quality gems than the larger eastern lobe. The grade of the eastern lobe is clocking in at 13.3 cpht, compared to 9.8 cpht at the eastern lobe.

“This planned sale will add to US$1 million generated to-date from diamonds sold, which has contributed significantly to the costs of the exercise,” said Karl Smithson, chief executive officer (CEO) of Stellar Diamonds.

Meanwhile, the company is set to receive a further influx of funds via a shareholder loan. Shareholders Altus Strategies and Deutsche Balaton are to provide funding to the company of £465,000 in aggregate.

The proceeds of the loan will be used for working capital purposes as the company advances its mining licence application for its Tongo kimberlite project in Sierra Leone and establishes a maiden resource at its Baoulé.

The loan short-term loan bears an interest rate of 20% a year.

"The trial mining exercise at Baoulé has been successfully completed, ahead of schedule, through the processing of over 100,000 tonnes of kimberlite from the eastern and western lobes of the five hectare pipe,” noted CEO Karl Smithson.

“A total of 929 stones greater than one carat have been yielded, including numerous high value gem and fancy coloured (yellow) diamonds. Additionally as announced on 15 March 2016, one 55 carat stone has been recovered, which confirms the company's belief that the Baoulé pipe is a source of large diamonds that are renowned in the Aredor area of Guinea,” Smithson added.

Once this month’s diamonds sale is out of the way, Stellar will then complete the necessary diamond grade and value modelling as part of the resource estimation exercise. The company’s resource target is, as previously indicated, some 3mln carats contained within the Baoulé pipe.

When the grading and modelling has been completed it will allow the company to formulate the next development steps for the project.

“The company was able to confirm a difference in grade between the (volumetrically) larger eastern lobe (averaging 13.3cpht) and smaller western lobe (9.8cpht) lobes. Having said that, Stellar also noted that the difference could be due to differing processing efficiencies of the different kimberlite types,” noted broker Shore Capital.

John Harrington


and

June 2016 Baoulé Trial Mining Review Presentation

http://stellar-diamonds.com/wp-content/uploads/2016/06/Baoul%C3%A9-Trial-Mining-Review-June-2016.pdf

From the announcement 'Trial Mining Evaluation Completed at Baoulé kimberlite in Guinea' (13th June 2016):

The fourth diamond sale of over 3100 carats is scheduled for June 2016. The sale will be via online auction using the DDA Trading platform.

Viewings of the goods will take place from 20 to 27 June 2016 in Antwerp with the auction closing on 28 June 2016. Results of the auction will be announced soon after the auction is closed and sales proceeds received.

http://stellar-diamonds.com/news/press/trial-mining-evaluation-completed-at-baoule-kimberlite-in-guinea

6 July 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

$228,000 Revenue from Baoulé Diamond Auction


Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces revenues of US$228,000 at an average of US$72.65 per carat from the auction of diamonds from its 75% owned, Baoulé kimberlite pipe in Guinea ("Baoulé" or "the Project"). This brings sales from the 100,000 tonne bulk sample exercise to US$1,228,000. The lower average price achieved compared to previous sales reflects the fact that the parcel was made up entirely from diamonds produced from the smaller Western lobe which contains lower quality diamonds compared to the volumetrically larger Eastern lobe, and the current weaker rough diamond market. However it should be noted that the better quality gem diamonds again achieved strong prices, with two 5 carat diamonds achieving in excess of US$3,500/ct.


About Stellar Diamonds plc

Stellar is an AIM quoted (AIM: STEL) West African focused diamond company with projects at the trial mining and mine development stages in Guinea and Sierra Leone.

http://www.moneyam.com/action/news/showArticle?id=5374299

28 July 2016
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Proposed Joint Ventures in Guinea and Liberia with Significant Earn-in Investment for Development

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, is pleased to announce that it has signed binding heads of terms with Citigate Commodities Trading ("Citigate"), a Dubai based commodities group, to formulate joint ventures over the Baoulé kimberlite project ("Baoulé") in Guinea, which has a resource target of approximately 3 million carats, and over two new exploration licences in western Liberia ("Liberia Licences"), which have recently been awarded to Stellar. The proposed joint ventures remain conditional upon completion of due diligence by Citigate and the parties entering into definitive joint venture agreements ("JVA") for each project.

Highlights of proposed Baoulé Joint Venture:

· Staged earn-in by Citigate of up to 75% of the Baoulé project

o Phase-1 expenditure of US$1.5 million for 25% equity in Baoulé

o Phase-2 expenditure of US$2 million for a further 25% equity in Baoulé

o Phase-3 fully fund a pre-feasibility study for a further 25% equity in Baoulé

· Stellar to be paid an up-front Phase-1 management fee of US$150,000 on signing full JVA

· Stellar to receive 56.25% of gross revenues from Phase-1 trial mining

· Citigate awarded off-take rights on goods exported during the Citigate earn-in process


Highlights of proposed Liberia Joint Venture:

· Two new exploration licences recently awarded to Stellar

· Licences cover areas previously explored by Stellar in 2006/7 which returned positive results

· Staged earn-in by Citigate of up to 85% of the Liberia licences

o Phase-1 expenditure of US$250,000 for 25% equity in the licences

o Phase-2 expenditure of US$2 million for a further 25% equity in the licences

o Phase-3 expenditure of US$4 million for a further 35% equity in the licences

· Stellar to be paid an up-front Phase-1 management fee of US$25,000 on signing of full JVA

· Stellar to receive pro-rata revenues from any diamond sales during any phase of earn-in

· Citigate awarded off-take rights on goods exported during the Citigate earn-in process

Stellar Chief Executive Karl Smithson commented:

"The terms of the joint ventures are highly attractive to Stellar in that we have essentially secured a free carried interest at both Baoulé and our new Liberian licences. Importantly, we will receive a proportion of revenues from on-going trial mining at Baoulé at zero cost and have an up-front payment for managing the projects during the first phase of work. These joint ventures allow the key management of Stellar to focus efforts on the development of our high-grade Tongo project in Sierra Leone as we progress towards the mining phase, whilst retaining equity positions in both the Baoulé and Liberia projects."


Citigate Chief Executive Tohib Iyiola commented:

"Adding the Guinean and Liberian joint venture agreements to Citigate's portfolio gives us substantial leverage in the Gulf Cooperation Council by securing additional assets in two of West Africa's most prolific diamond producing nations. With one mining project already in trial mining production, Citigate is working to rapidly expand its portfolio of projects for its West African diamond operator, Safa Afrique, to develop and flourish."

***More from Link Below***

http://www.moneyam.com/action/news/showArticle?id=5387070

19 August 2016

Stellar Diamonds plc


Potential Transaction & Suspension of Trading on AIM


Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that the Company's ordinary shares will be suspended from trading on AIM with effect from 07.30 a.m. this morning pending announcement of a potential transaction ("Potential Transaction"), which, if completed, would be classified as a Reverse Takeover under the AIM Rules for Companies and would require the publication of an admission document and also be subject to shareholder approval. There is no guarantee that the Potential Transaction will be completed.

Accordingly, trading in the Company's shares on AIM will be suspended until either an admission document is published or the Company announces that the Potential Transaction will no longer be proceeding.

The Company intends to make a further announcement in respect of the Potential Transaction in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
http://www.moneyam.com/action/news/showArticle?id=5400866

22 August 2016
AIM: STEL
Stellar Diamonds plc

Update on Potential Transaction

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, is pleased to announce further details in respect of the potential transaction which was announced on 19 August 2016. Stellar has agreed a proposed transaction with Octea Mining Limited ("Octea") to combine Stellar's Tongo kimberlite diamond project with Octea's adjacent kimberlite diamond project, Tonguma, and to bring both assets into production under the same production infrastructure (the "Potential Transaction") in Sierra Leone. The Potential Transaction, if completed, would be classified as a Reverse Takeover under the AIM Rules for Companies and would require the publication of an admission document and also be subject to shareholder approval. Accordingly, trading in the Company's shares on AIM will remain suspended until either an admission document is published or the Company announces its or Octea's withdrawal from the Potential Transaction.

Highlights

· Combined inferred JORC diamond resource of 5 million carats brought into a single mining operation

· Diamond grades up to 290 carats per hundred tonne ("cpht")

· Average diamond value of US$193 and US$270 per carat for Tonguma and Tongo respectively

· Exploration target of up to 8 million carats

· Opportunity presents enhanced production levels and operational margins, when compared with a stand-alone Tongo mining operation

· No cash acquisition costs to Stellar who will fund and operate the enlarged mine development

· Stellar to preferentially recoup repayment of development capital prior to paying a royalty and net profit interest to Octea


Stellar's Chief Executive Karl Smithson commented:

"The Proposed Transaction, if completed, will be transformational for Stellar and its shareholders. Once in production the combined diamond mining operations will be the second largest in West Africa with an estimated maximum output at full production of approximately 250,000 carats per year of high value diamonds. The high grade and high value nature of the kimberlites to be mined are compelling and the combination of operations should provide meaningful cost synergies that will enhance Stellar's projected operational margins. Using the available infrastructure at Tongo and Tonguma, we expect diamond mining operations to commence within the first 12 months post completion of the Proposed Transaction."

Octea's General Manager Christo Swanepoel commented:

"We are very excited to be combining Octea's Tonguma project with Stellar's Tongo project and bring the enlarged project into production under Stellar's operational management. Stellar has long-standing expertise in Sierra Leone and the Tongo region in particular, which we believe will be of great benefit to the project. In addition, the enlarged project should significantly increase local skilled employment for many years to come which in turn will support the local economy as well as generate significant funds for the Sierra Leonean Government."

Further Information

Stellar has conducted extensive technical due diligence on the Tonguma project and has subsequently entered into detailed, exclusive non-binding terms with Octea to acquire the Tonguma asset (the "Agreement"). The Potential Transaction remains subject to a number of conditions including further due diligence by the Company; Stellar raising a minimum of US$25 million (through a combination of equity, debt and other hybrid products) to fund the combined project into production (the "Fundraise") and entering into final and binding transaction documentation with Octea. Both Stellar and Octea have had detailed discussions with the relevant regulatory authorities in Sierra Leone, and the parties will also seek to obtain support from the Ministry of Mines in Sierra Leone for the Potential Transaction. Accordingly, there is no guarantee that the Potential Transaction will ultimately occur or that it will complete on the terms set out in this announcement.


Stellar has engaged London based Mirabaud Securities ("Mirabaud") as Financial Adviser for the Proposed Transaction. Mirabaud has a successful track record of raising funds in the resources capital markets.

Proposed Transaction Structure

Under the terms of the Potential Transaction as detailed in the Agreement, Stellar Diamonds Ltd, a wholly owned subsidiary of the Company, will transfer the shares of its subsidiary Sierra Diamonds Limited into a newly incorporated company ("NewCo") which will then acquire the shares of Octea Mining Limited's subsidiary Tonguma Limited. Stellar would be issued with 100% of the voting 'A' shares in NewCo while Octea would be issued with 100% of the non-voting 'B' shares in NewCo. Stellar's 'A' shares will give the Company full legal and management control of NewCo and the mining operation. Octea's non-voting 'B' shares in NewCo will entitle Octea to receive royalty payments of between 5% to 10% of the combined revenues of Tonguma and Tongo (the "Enlarged Project") and a 25% economic interest in the net cash flows of the Enlarged Project. Furthermore, Stellar and Octea have agreed a preferential repayment structure for the initial investment amounts of both parties. Under this structure Stellar will recoup its initial investment of at least US$25 million while Octea will pro rata recoup a maximum of US$5 million during the same period, in return for Octea contributing a 50 tonne per hour production processing plant to the Enlarged Project. Any royalty payments and net profit share due to Octea under the Agreement will only commence once the total initial investment amount of both parties has been fully repaid by NewCo. There is therefore no upfront acquisition cost to Stellar in terms of the Potential Transaction.

Background

Stellar's Tongo project has a JORC inferred resource of 1.45 million carats at a grade of 165cpht. The current mine plan for Tongo assumes a conservative lower grade of 120cpht with an average diamond value of US$270 per carat. A further three high-grade kimberlites are present in the licence area though these have not yet been drilled into resource.

The Tonguma project comprises a 25 year mining licence (granted to Octea in 2012) covering an area of 124 square kilometres in the Lower Bambara Chiefdom, Kenema District, in the Eastern Province of Sierra Leone. The Tonguma project is adjacent to and contains the on-strike continuation of the diamondiferous kimberlite dykes which are being explored by Stellar within its Tongo project. A mining licence at Tongo is in the application process with the Ministry of Mines. The two licences together cover the whole of the renowned Tongo diamond fields, which includes a number of high grade and high diamond value kimberlite dykes.

Octea has undertaken extensive exploration activities at Tonguma including over 58,000 metres of diamond drilling as well as bulk sampling which has produced approximately 7,250 carats of which over 3,500 carats has been used for diamond valuation. An independent JORC inferred resource of 3.45 million carats has been estimated at grades of up to 290cpht and average diamond values of US$193 per carat, to a maximum depth of 200 metres which has led to a total inferred carat resource of approximately 5 million carats being estimated for both projects.


The combination of very high grade and diamond value at Tongo and Tonguma yields potential in-situ ore values of up to US$560 per tonne.


Independent consultants have also estimated a significant further exploration target on the Tonguma licence, which, based on the mid-range grade and tonnage estimates, results in a potential exploration target of a further 8 million carats. It is the intention to bring the "exploration target" into the JORC resource category in due course, however, these estimates remain conceptual in nature and it is uncertain if further exploration will result in estimation of a mineral resource.

A full independent competent person's report on the Tonguma Project and existing Stellar projects including Tongo is being prepared by Toronto based MPH Consulting and will be included in any admission document, which is published in connection with the Potential Transaction.

Future Mining Strategy

Given the close proximity of the two projects, the Potential Transaction, if completed, should allow Stellar to undertake both surface and underground mining across both licences. It is envisaged that processing would be undertaken centrally, utilising the existing 50 tonnes per hour production plant which will be relocated to the project area from Octea's Koidu mine, approximately 60 kilometres North of Tonguma. Through mining two separate resources and centrally processing ore, the Company expects to be able to operate more efficiently thereby realising a number of cost savings, and generating significantly increased production rates. This should also have a meaningful impact on Stellar's future revenues and margins.



The initial capital outlay for Tongo as a stand-alone project has previously been reported by Stellar at an estimated US$25 million. Independent consultants Paradigm Project Management ("PPM"), who together with SRK Consulting ("SRK"), are preparing the combined Tongo/Tonguma mine plan, estimate the initial capital requirements at approximately US$40 million (excluding working capital) to establish production for the combined project. The Enlarged Project would, however, also lead to significantly higher production levels and revenues than just the Tongo mine alone. The final Tongo/Tonguma mine plan by PPM/SRK will be received in the near future and will provide significantly more detail on the production rates, revenues and capital/operational costs.

The Company will make further announcements in due course as and when appropriate.

Review by competent person

This announcement has been reviewed by Karl Smithson, Chief Executive of Stellar, a qualified geologist and Fellow of the Institute of Materials, Metals, Mining, with 27 years' experience.
http://www.moneyam.com/action/news/showArticle?id=5401553

5 October 2016
Stellar Diamonds plc
 
Preliminary Economic Assessment for the proposed Tongo-Tonguma Mine
 
Further to the announcement on 22 August 2016 on the proposed transaction ("the Transaction") (the "Transaction Announcement") between Stellar Diamonds plc ("Stellar" or "the Company") and Octea Mining ("Octea") to combine their adjacent Tongo and Tonguma diamondiferous kimberlite dyke properties in eastern Sierra Leone, Stellar announces the results of an independent Preliminary Economic Assessment ("PEA") for the combined mining project ("the Project"). 
 
The PEA demonstrates a financially robust and high margin 21 year life of mine over an initial resource of 4.5 million carats. The PEA also recognises considerable upside exists from additional high-grade kimberlite dykes on the properties which are not yet categorized into resource.
 
Highlights: 
·      Estimated pre-tax Project NPV(10) and IRR of $172 million and 49% respectively
·      Projected life of mine Project revenues of $1,518m with operating costs of $847 million
·      Estimated operating margin of 50% over the life of mine
·      First production expected within 12 months, ramping up to over 200,000 carats p.a. in 4th year
·      Expected Capex of $31.8 million in first two years (including 15% contingency)
·      Estimated 3.96 million carats recoverable from the initial 4.5 million carats resource at a +1.18mm cut-off

·      Recoverable diamond grades and values for first three kimberlites to be mined of:
o  Kundu: 260cpht and $209 per carat ($543 per tonne)
o  Lando: 220cpht and $209 per carat ($440 per tonne)
o  Tongo: 100cpht and $310 per carat ($310 per tonne)
·      Exploration target of up to 8 million carats in addition to existing resource
 
Chief Executive Karl Smithson commented:
"The PEA of the combined Tongo-Tonguma mine demonstrates robust financial returns for a modest capital requirement and supports the Board's decision to pursue this strategic acquisition.  Three kimberlite dykes, Kundu, Lando and Tongo are contained within the mine plan and have compellingly high diamond grades and values and together support a long life of mine. We are further encouraged by the potential which exists to significantly increase the resource base by bringing a number of additional high grade kimberlites that have been discovered to date on both licences into the long term resource base.
 
"We continue to make good progress with the legal and other due diligence processes that are required to complete the Transaction and will provide further updates in due course."

***More via Link Below***

http://www.moneyam.com/action/news/showArticle?id=5427475

9 November 2016

Joint Ventures Signed in Guinea and Liberia
 
Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that it has signed joint venture agreements ("JVA's") with Citigate Commodities Trading ("Citigate"), a Dubai based commodities group, over the Company's Baoulé kimberlite project in Guinea ("Baoulé project") and two earlier stage exploration licences in western Liberia ("Liberia project"), which were awarded to Stellar in February 2016. The Company currently has a 75% interest in the Baoulé Project and a 100% interest in the Liberia Project.
 
The attractive terms of the JVA's remain as announced on the 28 July 2016, providing Stellar with essentially a free-carry on the projects, and are summarised as follows:
 
Highlights of the Baoulé Joint Venture:

·      Staged earn-in by Citigate's subsidiary company SAFA Afrique Ltd. of up to 75% of Baoulé;
o  Phase-1 expenditure of US$1.5 million for a 25% shareholding
o  Phase-2 expenditure of US$2 million for a further 25% shareholding
o  Phase-3 fund a pre-feasibility study for a further 25% shareholding
·      Stellar to be paid a Phase-1 management fee of US$150,000
·      Stellar to receive 56% of gross revenues from Phase-1 trial mining
·      Citigate awarded off-take rights on goods exported during the Citigate earn-in process
 
Highlights of the Liberia Joint Venture:

·      Staged earn-in by Citigate's subsidiary company SAFA Afrique Ltd. of up to 85% of the Liberia project;
o  Phase-1 expenditure of US$250,000 for a 25% shareholding in the licences
o  Phase-2 expenditure of US$2 million for a further 25% shareholding
o  Phase-3 expenditure of US$4 million for a further 35% shareholding
·      Stellar to be paid Phase-1 management fee of US$25,000
·      Stellar to receive pro-rata revenues from any diamond sales during any phase of earn-in
·      Citigate awarded off-take rights on goods exported during the Citigate earn-in process
 
For each JVA above, Phase 1 is expected to take place over a 12 month period. In the event of the projects moving to Phase 2, work is expected to take place over a 2 year period with Phase 3 expected to occur over a 3 year period. SAFA Afrique Ltd will be awarded a 25% holding in each project upon receipt by Stellar of initial funds due. This will be adjusted proportionately in the event that the full Phase 1 earn-in funding, which is expected to be received over the 12 month work programme for each project, is not received.
 
Stellar Chief Executive Karl Smithson commented:
"Stellar is focussed on the proposed Tongo-Tonguma transaction in Sierra Leone, as previously announced. As such we are delighted to finalise these joint ventures on terms which are highly attractive to Stellar and our shareholders, who will retain an ongoing interest in the projects, including a proportion of any revenues commensurate with each parties' shareholding during each particular Phase. Stellar's experienced local teams will manage the programmes for at least the first Phase of work, for which the Company will receive a management fee.  We expect the first phase of work to commence on each project towards the end of November.
 
"Importantly, these joint ventures will allow the key management of Stellar to focus on the proposed Tongo-Tonguma transaction in Sierra Leone, which we believe offers significant value potential.  The combined Tongo-Tonguma project demonstrated robust economics in a Preliminary Economic Assessment, with an estimated pre-tax project NPV(10) of US$172 million, an IRR of 49%, and projected life of mine project revenues of US$1.5 billion.  We therefore look forward to focussing our efforts on the advancement of Tongo-Tonguma, whilst retaining exposure to Baoulé and the Liberian projects."

http://www.moneyam.com/action/news/showArticle?id=5445896

22 December 2016
AIM: STEL
Stellar Diamonds plc ("Stellar" or the "Company")

Final Results
 
Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces its final results for the period ended 30 June 2016.
 
Operational Highlights:
Tongo 1.45 million carat ("Mcts") Kimberlite Dyke-1 Project, Sierra Leone:
·      Mining licence application submitted and pending approval subject to environmental licence
·      Environmental impact assessment submitted and approved
·      Potential acquisition of adjacent 3.45Mcts Tonguma mining licence in process
·      Preliminary economic assessment delivered for the proposed combined Tongo-Tonguma project shows robust returns with pre-tax NPV (10) of US$172 million and IRR of 49%
 
Baoulé Project, Guinea:
·      Trial mining has yielded a total of 11,564 carats to date
·      Diamond sale revenues from trial mining have totalled US$1.1 million
·      Largest stone of 55cts (low quality) with high value gems up to 12cts in size
·      Target resource remains 3.3Mcts based on historical drilling and current grades
·      Joint venture signed with Citigate Commodities Trading (post year-end)
 
Liberia Licences:
·      Two exploration licences granted which cover historical positive exploration results in a known kimberlite and diamond province of west Liberia
·      Joint venture signed with Citigate Commodities Trading (post year-end)
 
Financial Highlights:
·      US$3.6 million cash raised in the financial year through a combination of equity and debt funding to complete the Baoulé trial mining exercise and advance the Tongo project and proposed Tonguma acquisition
·      New significant shareholder, Deutsche Balaton, brought in through a combination of equity and convertible loan
·      Cost savings made in previous years maintained with Group administrative costs static at approximately US$1.4 million for the year
 
Stellar Diamonds Chief Executive Karl Smithson commented:
"During the past year we have pursued the key strategy of consolidating our Tongo kimberlite dyke licence with the adjacent Tonguma kimberlite dyke mining licence in order to create an enlarged hard rock mining operation that can offer long-term and sustainable production and revenues.  In the event of completion of the acquisition of Tonguma, the combined mine would have an initial inferred +1.18mm diamond resource of 4.5 million carats, with diamond values ranging from US$209/ct to US$310/ct, from just three (of eight) kimberlite dykes in the licence areas, all of high grade and high diamond values. The PEA demonstrates a life of mine of 20 years with production estimated to be over 200,000 carats per year for the most part.
 
"The acquisition process is ongoing and remains the focus of Stellar (albeit there is no guarantee that it will be completed). In order to focus on the acquisition we undertook to joint venture our Baoulé kimberlite pipe project in Guinea and our Liberian licences to Citigate whilst retaining a free-carried interest in these projects. The earn-in allows for Citigate to fully fund both projects but Stellar's existing teams on the ground will manage the projects for the first phase of work and will also receive a management fee for doing so.
 
"We look forward to the next year with considerable excitement as we pursue a transformational acquisition whilst at the same time maintain exposure to our quality portfolio of diamond assets in West Africa."

http://www.moneyam.com/action/news/showArticle?id=5470225

 ***One to watch for 2017?***

Stellar Diamonds more than doubles FY pretax loss

StockMarketWire.com

Stellar Diamonds has more than doubled its FY pretax loss to $7.06m, from a year-ago loss of $3.02m.

Revenue was $499,725, from $614,228.

Most of the latest loss was due to a $4.3m charge for the impairment on intangibles, from a $605,728 charge in the comparative period.

"All the hard work during 2016 should ensure that 2017 is a very exciting year for the company," it said in a statement.

"Subject to completion occurring, Tongo-Tonguma has the necessary characteristics to transform Stellar into a mid-tier diamond mining company."

http://www.moneyam.com/action/news/showArticle?id=5470283

20 February 2017 
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
Tongo-Tonguma Update
Proposed Tribute Mining Agreement
Update on Joint Venture projects
Suspension Update

http://www.moneyam.com/action/news/showArticle?id=5498661

23 February 2017
 
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
 Placing to raise £324,500
Open Offer to raise up to £250,000
Proposed Issue of Shares to Directors and proposed Subscription
 Appointment of Joint Broker and Proposed issue of Warrants
Suspension Update

http://www.moneyam.com/action/news/showArticle?id=5500851

27 February 2017
 
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
Completion of Placing
Restoration of Trading
Open Offer to raise up to £250,000
Subscription and Issue of Shares to Directors
Notice of Annual General Meeting

http://www.moneyam.com/action/news/showArticle?id=5502404

1 March 2017
AIM: STEL
Stellar Diamonds plc
 
Directors' Dealings
 
On 28 February 2017, the Company received notification of the following share purchase transactions in its ordinary shares of 1 pence each ("Ordinary Shares") by certain Directors of the Company, all of which occurred on 28 February 2017:

http://www.moneyam.com/action/news/showArticle?id=5504236

6 March 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
Tongo-Tonguma Updated Presentation
 
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has updated a presentation summarising the Tongo-Tonguma project which covers the world famous Tongo diamond fields of Sierra Leone and which is subject to, inter alia, entering into a proposed Tribute Mining Agreement ("Tribute Agreement") with Octea Mining ("Octea"). The presentation is now available for download from the Company's website:
 
http://stellar-diamonds.com/wp-content/uploads/2017/03/Q1_2017_Tongo_Tonguma_Presentation.pdf
 
Key highlights

·      Robust estimated attributable post-tax Project NPV(8) and IRR of US$104 million and 31% respectively1
·      Potential estimated attributable NPV is in excess of 40 times the current market capitalisation of Stellar
·      Estimated projected life of mine revenues of US$1,518 million1
·      Significant estimated 4.5 million carats resource with target of additional 8 million carats

·      High recoverable diamond grades and values for first three kimberlites to be mined of:
o  Kundu: 260cpht and $209 per carat ($543 per tonne)
o  Lando: 220cpht and $209 per carat ($440 per tonne)
o  Tongo: 100cpht and $310 per carat ($310 per tonne)

·      Low estimated Capex of US$31.8 million in first two years (including 15% contingency)
·      Stellar to fund the mine development and recover its investment prior to paying to Octea a 10% revenue share on future mine revenues
·      High estimated operating margin of 50% over the life of mine
·      Potentially rapid initial cash flow within 12 months and commercial production within 24 months ramping up to over 200,000 carats p.a
·      Significant mine equipment, including a 50tph production plant to be acquired for nominal value as part of the Tribute Agreement
 
 
1 Company estimates based on the preliminary economic assessment. Assumes the proposed Tribute Agreement remains in place for the estimated lift of the mine.
 
Further details of the exclusive heads of terms entered into with Octea and the proposed Tribute Agreement are set out in the announcement of 20 February 2017 which Shareholders are encouraged to read in full.

http://www.moneyam.com/action/news/showArticle?id=5506997

17 March 2017 
AIM: STEL
Stellar Diamonds plc
 
709 Carat Diamond Discovered in Sierra Leone
 
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, notes the recent reports regarding the discovery near to Koidu town by an artisanal diamond miner in eastern Sierra Leone of a 709 carat diamond, which has been reported as the 13th largest diamond ever found.  Other famous large diamonds discovered in Sierra Leone include the 969 carat "Star of Sierra Leone", the 770 carat "Woyie River" and the 620 carat "Sefadu".  This latest discovery reaffirms the Company's belief that Sierra Leone ranks in the very top tier globally for the production of large and high quality diamonds.
 
Stellar is focussed on the development of its 100% owned Tongo kimberlite diamond project in eastern Sierra Leone, on which it has invested £5.5 million (representing 15p per share) to date defining and growing the current resource and the proposed Tribute Mining agreement between Octea Mining Ltd and Stellar, of the adjacent Tonguma diamond project.  Both licences currently have a combined diamond resource of 4.5 million carats.
 
The economic model for the combined 4.5 million carat diamond resource for the proposed Tongo and Tonguma mine generates a robust estimated attributable post-tax Project NPV (8) and IRR of US$104 million and 31% respectively with estimated projected life of mine revenues of US$1,518 million with diamond grades and prices of 100cpht to 260cpht and US$209 to US$310 per carat respectively.  Shareholders should refer to the announcement of 20 February 2017 where details of the proposed tribute agreement are set out.

http://www.moneyam.com/action/news/showArticle?id=5514481

23 March 2017
AIM: STEL

Stellar Diamonds plc
 
Result of Open Offer

On 27 February 2017, Stellar Diamonds plc, the London listed diamond development company focused on West Africa announced details of, inter alia, an Open Offer to raise up to an additional £250,000 through the issue of up to 4,545,455 new ordinary shares at a price of 5.5 pence per share.
 
The Open Offer closed for acceptances on 22 March 2017 and the Company announces that it has received valid acceptances in respect of 3,340,931 Open Offer Shares from Qualifying Shareholders, conditionally raising £183,751 gross of expenses, which includes applications for 1,959,033 Open Offer Shares under the Excess Application Facility.  This represents approximately 73.5 per cent. of the Open Offer Shares offered.
 
Pursuant to the Conditional Placing, 1,381,818 of the Open Offer Shares were conditionally placed by the Company's joint broker, Peterhouse Corporate Finance Limited, subject to clawback, to satisfy valid applications under the Open Offer. Due to the level of valid acceptances received under the Open Offer, the Conditional Placing has been scaled back in full.
 
The Open Offer remains conditional on, amongst other things, shareholder approval and admission of the new ordinary shares to be issued pursuant to the Open Offer to trading on AIM.  Such approval is being sought at the annual general meeting of the Company to be held at 10a.m. on 24 March 2017 at the offices of Peterhouse Corporate Finance Limited, New Liverpool House, 15 Eldon Street, London, EC2M 7LD. It is expected that the Open Offer Shares will be admitted to trading on AIM on 27 March 2017.
 
Unless the context requires otherwise, all capitalised terms in this announcement have the same meanings as those given to them in the circular to shareholders, dated 28 February 2017, containing full details of the Open Offer, Subscription and issue of Director Fee Shares which is available on the Company's website at www.stellar-diamonds.com.  

http://www.moneyam.com/action/news/showArticle?id=5517897  

29 March 2017
 
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
PDMR Dealings
 
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has received the following notification of dealings in Stellar shares from certain Directors of the Company.  As stated in the Company's announcement dated 24 March 2017, following the Subscription and issue of Director Fee Shares the Directors hold the following number of shares in the Company:

***See Link Below***

http://www.moneyam.com/action/news/showArticle?id=5521881

31 March 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
Interim Results for the six months to 31 December 2016
 
Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, announces its unaudited interim results for the six months to 31 December 2016.
 
Operational Highlights:

o  Heads of terms signed with Octea Mining Ltd ("Octea) for proposed Tongo-Tonguma tribute mining agreement in February 2017 (post reporting period)
o  Robust attributable post-tax Project NPV(8) and IRR of US$104 million and 31% respectively1
o  Estimated attributable NPV in excess of 40 times current market capitalisation of Stellar
o  Estimated projected life of mine revenues of US$1.518 billion1
o  Significant 4.5 million carats resource over Tongo-Tonguma project with target of additional 8 million carats
o  Resource statements, mine plan, financial model completed by independent consultants
 
Financial Highlights
o  US$0.6 million interim loan repaid and replaced by a US$1.24 million convertible loan during the reporting period
o  Additional US$0.66 million raised post reporting period through a placing, subscription and open offer
o  Continued reduction in administration costs to US$0.55 million for the six months to 31 December 2016
 
1 Company estimates based on the independent preliminary economic assessment. Assumes the proposed Tribute Agreement remains in place for the estimated life of the mine.
 
Stellar Diamonds Chief Executive Karl Smithson commented, "With the significant potential of the amalgamation of the Tongo Diamond fields projects in mind, we entered into heads of terms with Octea Mining ("Octea") during the period to combine its adjacent Tonguma project with our own Tongo project in eastern Sierra Leone for commercial exploitation ("Acquisition Heads of Terms").  The terms of the transaction with Octea began to change towards the end of the year from a planned acquisition of Tonguma to a proposed tribute mining arrangement, whereby Stellar intends to fund the mine development and pay Octea a 10% revenue share of all production from both licences once has recouped our capital expenditure in respect of the mine build.  A new heads of heads of terms for the proposed tribute mining agreement was entered into and announced on 20 February 2017 ("Tribute Heads of Terms"). Full, legally binding conditional agreements between Stellar and Octea in respect of the proposed tribute mining agreement are currently being drafted and expected to be finalised in the near future ("Tribute Mining Agreement").
 
"Independent consultants completed a detailed mine plan and financial model for the combined 4.5 million carat resource at Tongo-Tonguma which demonstrates that over an estimated initial mine life of 21 years some 3.9 million carats is expected to be produced (subject to the Tribute Mining Agreement being entered into and remaining in place).  The recovered diamond grades and values of the three kimberlite dykes currently in the mine plan range from 100cpht to 260cpht and US$209/ct to US$310/ct.  By worldwide standards these are considered to be some of the highest dollar per tonne kimberlite diamond deposits.  Stellar has estimated that the combined Tongo-Tonguma project could potentially generate a post-tax Project NPV(8) and IRR of US$104 million and 31% respectively attributable to Stellar, which is in excess of 40 times our current market capitalisation, on estimated life of mine revenues of US$1.518 billion. We look forward to being in a position to fully unlock the potential of the high value Tongo diamond fields.
 
"Separately at the Company's Baoulé kimberlite pipe project in Guinea, trial mining of the targeted 100,000 tonnes was completed just prior to the year end in June 2016.  A total of 11,564 carats were mined with diamond sales totalling US$1.1 million over the trial mining period. As the project then stood down for the rainy season, we negotiated a joint venture over Baoulé (and the two exploration licences in Liberia) with a Dubai based group, Citigate, which were signed in October 2016. However, to date no funding has been forthcoming from Citigate. Accordingly, we are now considering our options, for the continual development of Baoulé and exploration in Liberia whilst we focus on the Tongo-Tonguma project in Sierra Leone."
 
Chairman's Statement
Our recent focus has been on bringing together the high grade and high value kimberlites that are covered by the adjacent Tongo and Tonguma licences in Sierra Leone for joint commercial development.  These licences cover the whole of the very rich Tongo diamond fields and once developed would represent the second largest kimberlite diamond mine in Sierra Leone and West Africa. 
 
Tongo-Tonguma Project, Sierra Leone
We have previously reported that the stand alone Tongo project of Stellar has an in-situ resource estimated to be 1.5 million carats at a diamond grade of 120cpht and diamond value of US$270/ct and independent consultants prepared a mine plan and financial model which estimated a pre-tax NPV(10) of US$53 million.  Whilst this represents considerable value against Stellar's current market capitalisation, in 2016 we took the initiative to approach Octea regarding the adjacent and larger Tonguma mine lease to strike a deal to combine the two licences for future development, seeing an opportunity to drive an even higher value for shareholders. 
 
After an agreement was reached with Octea, we appointed independent consultants to prepare a resource statement for Tonguma and develop a combined mine plan for Tongo-Tonguma. In summary, a combined resource of 4.5 million carats was identified for a 21 year life of mine.  Kimberlite grades range from 100cpht to 260cpht (on a recovered +1.18mm basis) with modelled diamond values ranging from US$209/ct to US$310/ct. These are very high grades and values and we believe offer an excellent potential operating margin.
 
A modest two year capital requirement of US$31.8 million is required to target production levels of 200,000 carats per year, with a forecast total of 3.9 million carats being recovered over the life of mine, importantly with first production being achieved towards the end of the first year of development.  Independent consultants attributed a potential pre-tax NPV(10) and IRR of US$172 million and 49% to this combined mine development.  The consultants have also identified an exploration target of a further 8 million carats not currently in the mine plan representing significant additional upside if brought into future development plans. Stellar has calculated the potential post-tax returns based on certain assumptions and the fiscal terms of the Tonguma mine lease and Sierra Leone Income Tax Act (2000) as amended, and estimates the post-tax NPV(8) and IRR of US$104 million and 31% respectively.
 
The initial Acquisition Heads of Terms entered into with Octea envisaged an acquisition of Tonguma by Stellar which was deemed to be a reverse takeover ("RTO") pursuant to the AIM Rules and consequently the shares of Stellar were suspended from trading on AIM.  After progressing the RTO and further negotiation a revised agreement with Octea was reached which resulted in the Tribute Heads of Terms being entered into in late February 2017 and should result in the Company entering into the proposed Tribute Mining Agreement in the near future. The Tribute Mining Agreement, which no longer involves the acquisition of Tonguma, is not deemed to constitute an RTO so accordingly shares of Stellar were thereafter unsuspended shortly after the interim reporting period ended and following completion of a fundraise.  The Tribute Mining Agreement, if entered into, will enable Stellar to retain 100% ownership of its Tongo licence and essentially contract mine the Tonguma mining licence.  The Company will invest 100% of the development capital of the Tongo-Tonguma project but importantly will recoup its investment preferentially, after which a 10% revenue share on production from the combined operation will be paid to Octea.  In addition, a US$5 million bullet payment will be made to Octea some five years after the mine development commences.  There is no acquisition cost to Stellar. We believe that the terms of this development are attractive to Stellar and, subject to funding and finalisation of related due diligence and contracts, could deliver significant returns to shareholders.
 
Baoulé Project, Guinea
The trial mining exercise at Baoulé was completed just prior to the interim period with a total of 11,564 carats being produced and sold with total revenues over the programme reaching US$1.1 million.  During the rainy season when operations stood down, Stellar entered and concluded negotiations with Citigate and a joint venture agreement was signed in late October 2016 after which period Citigate became responsible for the funding with Stellar remaining as operator.  Unfortunately, to date no funding has been forthcoming from Citigate and we are now considering our options to potentially cancel the joint venture and bring in a new partner to take the project forward whilst we focus on the Tongo-Tonguma development in Sierra Leone. The Company will update Shareholders on this in due course.
 
Kumgbo Project, Liberia
These two licences in western Liberia were granted in February 2016, having been paid for in 2014, and cover some historical indicator mineral anomalies identified from some historical work completed by Stellar. A short field programme was undertaken during the period which identified a number of key target areas some of which have coincident diamond diggings in proximity to the indicator minerals.  A nearby diamondiferous pipe discovery to the west, owned by a third party, where an 18-carat Type IIa diamond has been yielded, further emphasises the prospectively of these licences. 
 
However, in order for Stellar to focus on Tongo-Tonguma these Liberia licences were also joint ventured out to Citigate and, as for Baoulé, a decision on the future of this joint venture will be made shortly.
 
Diamond Market
The rough diamond market remains cautious with some new mines coming on stream and majors such as De Beers and Alrosa are indicating a slight increase in production levels for 2017. Whilst this new product may put slight pressure on prices it seems that 2017 has got off to an encouraging start with prices holding up and increasing in some of the better quality categories and the larger stones.  Ongoing stability in the market will be governed by continued economic growth in the USA and China and restraint on production levels from the majors. Forecasts for a drop in rough production from over 140 million carats in 2019 to around 115 million carats in 2029 remain unless new major discoveries are made.
 
Outlook
Looking ahead our objective for 2017 is for Stellar to conclude the Tongo-Tonguma agreements and secure the necessary funding to bring this high quality project into development. The project provides a significant resource with large upside, low estimated capex requirements, potentially rapid initial cash flow within 12 months and potential estimated life of mine revenues of US$1.5 billion, hence we see this as the key to driving significant shareholder value over the near to medium term.  I would like to thank our shareholders for their continual support and look forward to the remainder of 2017 and working hard to deliver on our objectives.
 
Lord Daresbury
Non-Executive Chairman

http://www.moneyam.com/action/news/showArticle?id=5523075

28 April 2017 
AIM: STEL
Stellar Diamonds plc
 
Tribute Mining Agreement Signed over Tongo-Tonguma, Sierra Leone
 
Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, announces that it has signed a legally binding conditional Tribute Mining Agreement and Revenue Share Agreement ("the Agreements") with Octea Mining Limited ("Octea") in respect of the Tongo-Tonguma kimberlite diamond project ("Project") in eastern Sierra Leone.
 
Background and Highlights of the Agreements and the Project:
·      Deal creates the potential for substantial near and long term cash flows for Stellar
·      Project hosts one of the highest value kimberlite ore bodies in Africa on a dollar per tonne basis and would create the second largest kimberlite diamond mine in West Africa
·      Agreements allow for mining the combined and contiguous Tongo and Tonguma concessions
·      Robust attributable potential post-tax Project NPV(8) and IRR of US$104 million and 31% respectively1
·      Modest mine development CAPEX in first two years estimated at US$32 million (including 15% contingency)
·      Estimated 21 year mine life, producing over 4.5 million carats with estimated revenues over US$1.5 billion1
·      Project at full production estimated to generate US$45 million gross revenue per annum2
·      Resource statements, mine plan, financial model, CPR, all completed by independent consultants
·      10% share of gross revenues (after deduction of Government royalty) payable to Octea on diamond and other minerals recovered and sold, once Stellar has recouped an amount equal to its CAPEX investment and Octea has received an initial revenue share payment of US$5 million
·      Stellar to make a one-off payment of US$5.5 million to Octea five years after Project mine development commences
·      On completion, Stellar will acquire a 50tph kimberlite processing plant from Octea for a nominal amount in order to fast track production
·      Stellar's has invested US$7.2 million to date on establishing resources at Tongo, equivalent to approx. £0.14 per Stellar share
 
1 Company estimates based on the preliminary economic assessment. Assumes the Agreements remain in place for the estimated lift of the mine.
2 200,000 carats per annum at a weighted average value of US$229 per carat, with full production estimated approximately three years after development commences
 
Chief Executive Karl Smithson commented:
"We are delighted to have signed these agreements with Octea which, subject to completion, will allow Stellar to build a single mine for the simultaneous commercial production from the contiguous Tongo (Stellar) and Tonguma (Octea) kimberlite deposits.  The combined project has an initial 4.5 million carat resource which, due to the high grade (100cpht to 260cpht at +1.18mm) and high quality diamonds (US$209/ct to US$310/ct), is considered to be one of the highest value kimberlite ore bodies in Africa on a dollar per tonne basis. The 21 year mine plan with a consistent output of over 200,000 carats per year at full production would quantify this development as the second largest kimberlite diamond mine in West Africa. The project also has a very modest two year capital requirement of just under US$32 million to get into full scale commercial production. Stellar has the strong support of all main stakeholder groups in Sierra Leone for this mine development, which would have a very positive impact in terms of employment, local infrastructure development and future taxation revenue for the country."
 
The technical information in relation to the proposed combined Tongo-Tonguma mine plan previously reported in announcements dated 5 October 2016, in respect of the preliminary economic assessment ("PEA") and mine plan, and 31 October 2016, in respect of the Competent Persons Reports ("CPR"), remains unchanged.
 
Tribute Mining and Revenue Share Agreements
The Company signed the binding Tribute Mining Agreement and Revenue Share Agreement with Octea on 27 April 2017. The terms of the Agreements are materially the same as those in the Heads of Terms, as announced on 20 February 2017. Completion of the Agreements remain subject to inter alia, valid licence opinions being obtained for the Tongo and Tonguma licences, any encumbrance over the Tonguma company or assets being lifted; the parties (each acting reasonably) being satisfied that Stellar shall receive sufficient monies to finance the Front End Engineering Design (FEED) stage of the Mine Plan ("Initial Financing Condition") (together "Completion").  If the conditions have not been satisfied or waived by 30 June 2017 (or such later date as may be agreed by both parties) the Agreements may be terminated. The first elements of mine development are planned and pursuant to the Agreements, are required to commence within three months of Completion. In the event that Completion does not occur and the Initial Financing Condition has not been met, Stellar will be obliged to pay certain costs to Octea which, if incurred, are expected to be in the region of approximately US$150,000.
 
Following Completion, Octea will continue to hold the Tonguma mining licence through its subsidiary company Tonguma Ltd (the legal holder of the Tonguma licence) and Stellar will continue to wholly own its adjacent Tongo licence and subsidiary company Sierra Diamonds Limited. Stellar will also own certain infrastructure and capital items procured and utilised for the mine development on both licences. 
 
Octea has agreed that for so long as the Tribute Mining Agreement is in place, it will not sell Tonguma Ltd or the Tonguma licence to a third party. The Tribute Mining Agreement however includes termination clauses whereby the agreement can be terminated by either party for breach of the agreement. Shareholders should note that in the event of termination, Stellar would have no rights over Tonguma Ltd or the Tonguma licence save for any contractual rights accrued and, depending on the circumstances, may be obligated to pay certain costs to Octea, which in the event of a breach of the Tribute Mining Agreement by Stellar, may include, inter alia, the transfer back to Octea of the Tonguma processing plant.
 
Once Stellar has recouped its development capital, Octea has a right of a put option  ("Put") for Stellar to purchase its revenue share, such value to be agreed upon by independent experts if Octea and Stellar cannot agree on the Put valuation.
 
Having taken local tax advice in Sierra Leone, and following Completion, Stellar and Octea intend to create an unincorporated joint venture between Tonguma Ltd and Sierra Diamonds Ltd to account for their respective share of costs and revenues to comply with local tax law. This is not expected to change the contractual rights and responsibilities of each party pursuant to the Agreements. Diamonds, however, will be exported and sold on the international market by Stellar and using reputable third party diamond marketing groups.

http://www.moneyam.com/action/news/showArticle?id=5539275

Stellar Diamonds inks Tongo-Tonguma tribute mining agreement
Source: SMW

Stellar Diamonds has signed a legally binding conditional Tribute Mining Agreement and Revenue Share Agreement with Octea Mining Ltd in respect of the Tongo-Tonguma kimberlite diamond project in eastern Sierra Leone.

The deal created the potential for substantial near and long term cash flows for Stellar, it said in a statement.

CEO Karl Smithson said was delighted to have signed these agreements with Octea, which, subject to completion, would allow Stellar to build a single mine for the simultaneous commercial production from the contiguous Tongo (Stellar) and Tonguma (Octea) kimberlite deposits.

The combined project had an initial 4.5m carat resource, which, due to the high grade (100cpht to 260cpht at +1.18mm) and high quality diamonds (US$209/ct to US$310/ct), was considered to be one of the highest value kimberlite ore bodies in Africa on a dollar per tonne basis.

The 21-year mine plan with a consistent output of over 200,000 carats per year at full production would quantify this development as the second largest kimberlite diamond mine in West Africa.

The project also had a very modest two-year capital requirement of just under $32m to get into full scale commercial production.

"Stellar has the strong support of all main stakeholder groups in Sierra Leone for this mine development, which would have a very positive impact in terms of employment, local infrastructure development and future taxation revenue for the country," said Smithson.

3 May 2017
 AIM: STEL
Stellar Diamonds plc
 
Front End Engineering and Design Contract for Tongo-Tonguma Project
 
Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, announces that, further to the Company's announcement on 28 April 2017 that it entered into a Tribute Mining Agreement with Octea Mining Limited ("Octea") in relation to the Tongo-Tonguma kimberlite dyke diamond project in Sierra Leone ("the Project"), the Company has now entered into a contract for the Front End Engineering and Design study ("FEED") to be conducted for the underground mine development of the Project.
 
FEED Highlights:
·      First key milestone in the mine development of a high-grade diamond project
·      Paradigm Project Management Pty Ltd ("PPM") appointed to prepare the FEED study
·      Study will refine estimated operating and capital costs and mine construction parameters
·    Robust attributable potential post-tax Project NPV(8) and IRR of US$104 million and 31% respectively1
·      Long 21-year mine life, producing over 4 million carats with revenues over US$1.5 billion1
·      Project is one of the highest dollar per tonne value kimberlites in Africa and has the potential to be the second largest diamond mine in West Africa
 
1 Company estimates based on the Preliminary Economic Assessment ("PEA")
 
Chief Executive Karl Smithson commented:
"Having announced the signing of the Tribute Mining Agreement on the Tongo-Tonguma project last week, we are pleased to already be announcing the signing of the FEED contract today. The FEED is a very important first step in the mine development process. PPM are highly experienced in the delivery of diamond mine projects and together with SRK Consulting they will refine all elements of the mine plan as determined in the PEA to higher levels of confidence in order to reduce the project delivery risk. With over 66,000m of drilling completed at the Project to date, we will undertake mine plan related drilling to a depth of 75m concurrent with the FEED study.
 
"Once work commences on the FEED, it is expected to take approximately four months to deliver (including drilling) and will mark the onset of the mine development programme. I look forward to updating shareholders on our progress as we work to transform Stellar into a long term, high value diamond producer."

http://www.moneyam.com/action/news/showArticle?id=5541843

5 May 2017 
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
 
 Amendments to Convertible Loan Notes

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has negotiated a two month extension to the longstop dates with the noteholders ("Noteholders") of its two outstanding Convertible Loan Notes ("CLNs"). Details of the CLNs are contained in the announcements by the Company of 2 November 2015, 6 October 2016 and 24 February 2017 and in particular, the two month extension relates to the longstop dates referred to in the announcement of 24 February 2017.
 
Chief Executive Karl Smithson commented:

"Stellar is undergoing a transformation from an explorer to a mine developer. I would like to thank the Noteholders for their continued support as we progress towards the commercial development of the 4.5million carat Tongo-Tonguma underground kimberlite diamond mine in Sierra Leone. We have made key advances in recent weeks in terms of signing the binding Tribute Mining Agreement and signing the contract for the Front End Engineering and Design for the initial mine development. With a low capex requirement of US$32 million, the proposed Tongo-Tonguma mine has the potential to be the second largest kimberlite diamond mine in West Africa, with forecast production levels of 200,000 carats per annum, generating revenues of over US$45 million per annum over a minimum life of mine of 21 years. I look forward to updating shareholders on our progress."  
 
Note on Related Party Transaction
For the avoidance of doubt, other than as set out in this announcement, all other terms of the CLNs remain in force. By virtue of Deutsche Balaton being a substantial shareholder of the Company and Steven Poulton being a non-executive Director of the Company, the amendments above constitute related party transactions under the AIM Rules for Companies. The Directors who are independent of the CLNs and associated warrants consider, having consulted with the Company's Nominated Adviser, that the amended terms of the CLNs are fair and reasonable in so far as the Company's shareholders are concerned.

http://www.moneyam.com/action/news/showArticle?id=5543718

5 June 2017
AIM: STEL
Stellar Diamonds plc
 
Agreement to Sell Guinea Assets for US$2 million
Receipt of US$250,000 Exclusivity Fee
 
Stellar Diamonds plc, the diamond development company focused on West Africa, announces that it has entered into a conditional binding Term Sheet with BDG Capital Limited ("BDG") in relation to the proposed sale of Stellar's assets in the Republic of Guinea.
 
Highlights:
·      US$2,000,000 cash consideration price for Guinea assets
·      US$250,000 cash has been received (part of the consideration price) as an exclusivity fee ("Exclusivity Fee")
·      Exclusivity period of two months for due diligence and completion of documentation
·      Joint Venture Agreement over Baoulé and Liberia with Citigate terminated
·      Proceeds will be used to advance the development of the Company's flagship Tongo-Tonguma mine development in Sierra Leone
 
Chief Executive Karl Smithson commented:
"Subject to BDG satisfactorily completing its due diligence, this binding terms sheet should see Stellar realise some US$2 million in cash for its non-core projects in Guinea, representing approximately two thirds of our current market capitalisation.
 
"The proceeds will be used to advance the development of our flagship Tongo-Tonguma kimberlite project in Sierra Leone; a project that has an estimated post-tax NPV(8) of US$104 million attributable to Stellar.
 
"The proposed Tongo-Tonguma mine has a low capex requirement of US$32 million and the potential to be the second largest kimberlite diamond mine in West Africa - with forecast production levels of 200,000 carats per annum, generating revenues of over US$45 million per annum over a minimum life of mine of 21 years.
 
"The proposed disposal of our Guinea assets allows management to focus on the Tongo - Tonguma mine development in Sierra Leone.  It also allows for BDG to take the projects forward which is in the interests of Guinea and local stakeholders.
 
"We look forward to unlocking the significant value that we believe is inherent in the Tongo-Tonguma development as we advance the Company towards sustained commercial production."
 
The disposal comprises certain plant and equipment as well as the shares in subsidiary companies Ressources Tassiliman Baoulé (75% interest in the Baoulé project), Ressources Mandala Guinee (100% interest in the Mandala project) and West African Diamonds (100% interest in the Droujba project), collectively termed "the Guinea Projects".  Further detail on these assets is set out in the competent person's report which was announced on 31 October 2016 and which is available on the Company's website. Segmental information regarding the results and net book value of these assets is available in the Company's announcement of its interim results made on 31 March 2017.
 
Terms Sheet
The terms sheet with BDG Capital Limited, which is binding subject to BDG completing its due diligence satisfactorily, allows for a two month due diligence period during which time it is anticipated (although there can be no guarantee) the necessary share purchase agreements transferring Stellar's shares in its Guinea Projects to BDG will be completed. The final consideration price has been agreed at US$2,000,000 of which US$250,000 has been advanced to Stellar to ensure exclusivity for BDG to complete its due diligence.  Should Stellar withdraw from the proposed agreement and if the agreed terms are materially the same, then the exclusivity fee will be reimbursed to BDG in either cash or Stellar's shares at a price to be determined. However, BDG if proposes to materially amend the terms following due diligence and Stellar as a consequence withdraws then the exclusivity fee shall not be reimbursed. In the event that BDG decides not to continue with the transaction, the exclusivity fee of US$250,000 is not refundable to BDG.
 
Termination of Joint Venture Agreements with Citigate Commodities Trading (Citigate)
When the joint venture agreements (JVA's) were signed between Stellar and Citigate in November 2016 various warranties were made by Citigate to Stellar, including that Citigate had the necessary funding and authorisations to enter into the JVA's. This included a contractual payment to Stellar of US$150,000 as a management fee as a condition precedent to completion of the JVA's. To this date neither the project funding nor the management fee have been received from Citigate. Stellar has accepted such material breach as repudiatory and terminated the JVA's.

http://www.moneyam.com/action/news/showArticle?id=5561300

8 June 2017 
AIM: STEL
Stellar Diamonds plc
 
Directors' Dealings
 
On 7 June 2017, the Company received notification that Karl Smithson, Chief Executive Officer, transferred ordinary shares of 1 pence each ("Ordinary Shares") from a nominee account in his personal name to a Personal ISA and also into a Personal ISA of Helen Olivia Smithson, his daughter.
 
A total of 389,844 shares were sold at a price of 5.50p per share and total of 360,907 shares were purchased into the ISA of Karl Smithson and 27,839 shares were purchased into the ISA of Helen Smithson, both purchases at a price of 5.51p per share.  As a result of the small price spread in the transfer the total beneficial holding of Karl Smithson subsequent to transfer is now 1,117,012 shares, (being 2.61% of the Company's issued share capital). 
 
The issued share capital of the Company remains at 42,721,618.

http://www.moneyam.com/action/news/showArticle?id=5563810

8 June 2017 
AIM: STEL
Stellar Diamonds plc
 
Directors' Dealings
 
On 7 June 2017, the Company received notification that Steven Poulton, Non-Executive Director, purchased 155,000 ordinary shares of 1 pence each ("Ordinary Shares") at a weighted average price of 6.08p per share. Following the purchase Steven Poulton's total beneficial holding in the Company has increased to 1,371,745 (being 3.21% of the Company's issued share capital).
 
The issued share capital of the Company remains at 42,721,618.

http://www.moneyam.com/action/news/showArticle?id=5563846

From yesterday:

Tip TV Mining - Stellar Diamonds earns $2 million via a Guinea asset sale

Published on Jun 7, 2017
Karl Smithson, CEO of Stellar Diamonds informs Tip TV viewers about the Guinea asset sale and how the company intends to channelise the resulting $2 million cash inflow into the Sierra Leone project.

Smithson says, “The focus is on Sierra Leone diamond project” as it has potential to earn about $40-45 million a year.

Watch the full segment as Smithson details-

Guinea asset sale

Sierra Leone project - estimated projection, fund requirements

Fundraising plans and strategies

Work environment in Sierra Leone

https://www.youtube.com/watch?v=bgWZ9372eM0&app=desktop

9 June 2017 
AIM: STEL
Stellar Diamonds plc
 
Directors' Dealings
 
On 8 June 2017, the Company received notification that Steven Poulton, Non-Executive Director, purchased 85,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 7.4p per share. Following the purchase Steven Poulton's total beneficial holding in the Company has increased to 1,456,745 (being 3.41% of the Company's issued share capital).

http://www.moneyam.com/action/news/showArticle?id=5564618

9 June 2017
AIM: STEL
Stellar Diamonds plc
 
Substantial Shareholder Dealings

On 8 June 2017, the Company received notification that Deutsche Balaton AG ("Deutsche Balaton") had purchased 35,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 6p per share. Following the purchase Deutsche Balaton's beneficial holding in the Company has increased to 8,547,692 (being 20.01% of the Company's issued share capital).
 
The issued share capital of the Company remains at 42,721,618.

http://www.moneyam.com/action/news/showArticle?id=5564599

14 July 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Extension of Transaction Longstop date

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that following its announcement of 3 July 2017, it has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of the binding Tribute Mining and Revenue Agreements in relation to the Tongo-Tonguma mine development project in Sierra Leone, as defined in the announcement dated 28 April 2017) to 31 July 2017.

http://www.moneyam.com/action/news/showArticle?id=5586160

17 August 2017

AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Receipt of US$250,000 Exclusivity fee

Further to the announcement on 14 August 2017, Stellar Diamonds plc (AIM:STEL) announces that it has received the US$250,000 exclusivity fee from BDG Capital in relation to the disposal of Stellar's Guinea assets. The terms of the Exclusivity Fee are as set out in the announcement dated 5 June 2017.


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 estimated to give Stellar an attributable a Post-tax NPV(8) of US$104 million and IRR of 31%.

http://www.moneyam.com/action/news/showArticle?id=5631585

11 September 2017

Amendments to Convertible Loan Note

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces an extension to the longstop date of its US$1.65 million outstanding Convertible Loan Note ("CLN") with Deutsche Balaton. The Longstop has been extended to 30 September 2017 or in the event that the Company enters into a satisfactory letter of intent for funding of the Tongo-Tonguma project development prior to 30 September 2017 then to 30 November 2017 ("Extension"). Details of the CLN are contained in the announcements by the Company of 2 November 2015, 6 October 2016, 24 February 2017, 5 May 2017 and 3 July 2017 ("CLN Announcements").

In consideration of the Extension it has been agreed that the definition of 'Issue Price' as defined in the CLN Announcements, be changed from the VWAP of the first US$10 million raised from 1 February 2017 to the lower of:

i) 5 pence per share
ii) the VWAP of the next $2m equity raised;
iii) the VWAP of the first $10m raised since 1 February 2017; or
iv) the VWAP of equity raisings from the date of this amendment until at least $35m of debt has been raised for the purposes of the Tongo-Tonguma Project.


Note on Related Party Transaction
For the avoidance of doubt, other than as set out in this announcement, all other terms of the CLNs remain in force and as set out in the CLN Announcements. By virtue of Deutsche Balaton being a substantial shareholder of the Company the amendments above constitute related party transactions under the AIM Rules for Companies. The Directors who are independent of the CLN consider, having consulted with the Company's Nominated Adviser, that the amended terms of the CLN are fair and reasonable in so far as the Company's shareholders are concerned.

http://www.moneyam.com/action/news/showArticle?id=5658713

11 September 2017

Issue of equity

Placing and issue of shares to Directors

Open Offer to raise up to £200,000

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has conditionally raised, through Peterhouse Corporate Finance Limited ("Peterhouse"), £330,000 through the issue of 10,153,847 new Ordinary Shares of the Company at an issue price of 3.25 pence per share ("Placing Shares") (the "Placing"). Completion of the Placing is expected to occur on or around 14 September 2017.

In order to provide all Stellar shareholders with an opportunity to participate in the proposed issue of new ordinary shares of the Company, the Company proposes to raise up to approximately £200,000 (before expenses), at 3.25 pence each through an open offer ("Open Offer") to qualifying shareholders ("Qualifying Shareholders"). Subject to completion of the Placing, investors participating in the Placing will also be considered Qualifying Shareholders for the purpose of the Open Offer. Further details of the Open Offer and a circular providing full details of the Open Offer are expected to be announced and posted to Shareholders as soon as practicable.

Use of proceeds and Update
The Tongo mining licence has been approved by the Minerals Advisory Board in Sierra Leone, subject to the payment of the Tongo environmental licence. Therefore, the net proceeds of the Placing, together with the net proceeds of amounts raised from the Open Offer, will prioritise payment of the Tongo environmental licence and renewal of the Tonguma environmental licence (estimated $250,000 for both). Once the Tongo mining licence is issued fiscal terms may be negotiated and ratified via the Sierra Leone Government and Parliament respectively. Furthermore, funds will be allocated to ongoing costs related to the Tongo-Tonguma project in Sierra Leone, general working capital, and the payment of certain existing creditors whilst the Company continues to progress debt and equity financing to bring the high grade and high value 4.5 million carat Tongo-Tonguma project into production.

Further to the Company's announcement on 2 August 2017 in respect of the Tongo-Tonguma project, the Company continues to keep Octea Mining up to date as to the status of project financing for the Tongo-Tonguma mine development project in Sierra Leone and expects to formalise an extension of the long stop date for satisfaction of certain conditions precedent to the Tribute Mining and Revenue Agreements as required.

The disposal of the Company's Guinea projects and assets is progressing with further due diligence, audit and tax affairs being finalised. The results of these will determine the final net proceeds to be realised. Both Stellar and the acquirer (BDG Capital) have agreed to extend the exclusivity period to the end of September, or beyond should it be required to finalise the sale process.

Proposed issue of shares to Directors

****See Link Below****

http://www.moneyam.com/action/news/showArticle?id=5658770

14 September 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Completion of Placing

Open Offer to raise up to £200,000

Further to the announcement dated 11 September 2017 Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces the completion of the Placing to raise gross proceeds of £330,000 through the issue of 10,153,847 new Ordinary Shares of the Company at an issue price of 3.25 pence per share and issue of the 1,978,437 new Ordinary Shares to Directors and senior management in lieu of accrued fees, salary, expenses and benefits. The Company also today provides further details of the Open Offer to raise up to an additional £200,000 through the issue of up to 6,153,846 Open Offer Shares.

A circular (the "Circular") setting out full details of the proposed Open Offer will be sent to Shareholders tomorrow (other than to those who have elected to receive Shareholder communications via electronic communication) and will be available on the Company's website www.stellar-diamonds.com. Further information is also set out below.

Total voting rights

Following the issue of the Placing Shares and Fee Shares today, the Company's current issued share capital comprises 54,853,902 Ordinary Shares of 1 pence each. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. This figure excludes any new Ordinary Shares which may be issued pursuant to the Open Offer.

http://www.moneyam.com/action/news/showArticle?id=5665376

5 September 2017

AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

PDMR Dealing

Further to the announcement dated 11 September 2017 Stellar Diamonds plc, the Company confirms the issue of new ordinary shares in the Company to Directors and senior management in lieu of accrued fees, remuneration and expenses as follows:

http://www.moneyam.com/action/news/showArticle?id=5665896

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

25 September 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Payment of Tongo Environmental Licence

Extension of Tribute Mining Agreement Longstop date

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence. As previously stated, the Tongo Mining Licence has been approved by the Minerals Advisory Board subject to the issuing of the Environmental Licence. Once the Environmental Licence has been issued the National Minerals Agency will draw up the Tongo Mining Licence for consideration and signature by the Minister of Mines and Minerals Resources.

Furthermore, the Company has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of the binding Tribute Mining and Revenue Agreements ( "Agreements") in relation to the Tongo-Tonguma mine development project in Sierra Leone, as defined in the announcement dated 28 April 2017) to 31 October 2017.

Chief Executive Karl Smithson commented:

"The payment of the environmental licence fee is an important step to Stellar being issued the large scale mining licence for the Tongo project. The adjacent Tonguma project already has a 25 year mine licence issued in 2012. The combined Tongo-Tonguma project covers a series of high-grade and high-value kimberlites, three of which host a 4.5 million carat resource that comprises the 21 year life of mine plan. The longstop date of the Agreements has been extended as we continue to progress potential project funding and complete other certain conditions precedent to the Agreements. We look forward to providing a further update as we progress."

http://www.moneyam.com/action/news/showArticle?id=5676996

3 October 2017
AIM: STEL
Stellar Diamonds plc


Result of Open Offer

Issue of Equity

Director/PDMR Dealings



On 14 September 2017, Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announced the details of, inter alia, an Open Offer to raise up to an additional £200,000 through the issue of up to 6,153,846 new ordinary shares at a price of 3.25 pence per share.

The Open Offer closed for acceptances on 2 October 2017 and the Company announces that the open offer was oversubscribed and accordingly excess entitlements applied for under the Excess Application Facility were scaled back.

After scale back, the Company has received valid acceptances in respect of the full allocation of 6,153,846 Open Offer Shares from Qualifying Shareholders, raising £200,000 before expenses, which includes applications for 4,920,760 Open Offer Shares under the Excess Application Facility. Open Offer Shares issued under the Excess Application Facility represent approximately 80% of the Open Offer Shares offered.

Certain Directors and senior management subscribed for Open Offer Shares at the Issue Price as follows: ***See Link Below***

http://www.moneyam.com/action/news/showArticle?id=5688520

16 October 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Update on Disposal of Guinea Assets

Stellar Diamonds plc, the diamond development company focused on West Africa, announces that it has signed conditional share purchase agreements with Gold Knight Limited, a wholly owned subsidiary company of BDG Capital Limited ("BDG") in relation to the proposed sale (the "Transaction") of Stellar's assets in the Republic of Guinea ("Guinea"), as previously announced on 5 June and 14 August 2017.

Following the due diligence process undertaken by BDG, a final purchase price of US$1,250,000 has been agreed for the Transaction, of which Stellar has received US$500,000 to date. The proceeds already received have been applied to the Company's working capital since June. Completion of the Transaction and receipt of the balance of funds is conditional upon payment by Stellar of certain government taxes in Guinea, amounting to approximately US$123,000 which are due by Stellar's locally incorporated subsidiary in Guinea which is being sold. Completion is expected to occur later this month. A further announcement will be made in due course regarding completion.

Chief Executive Karl Smithson commented:
"We are delighted to be able to bring the disposal of our Guinea assets to a close. Stellar's carrying cost in Guinea is approximately US$70,000 per month and we look forward to focusing our resources exclusively on progressing the high-grade and high value 4.5 million carat Tongo-Tonguma kimberlite mine development project in Sierra Leone.

"We wish BDG every success in taking the Guinea projects forward."

Further terms of the Transaction
Pursuant to the conditional share purchase agreements entered into, Stellar has made customary warranties and indemnities in respect of the Guinea assets.

http://www.moneyam.com/action/news/showArticle?id=5704187

Stellar Diamonds gets mine licence

StockMarketWire.com

Stellar Diamonds has been granted an environmental licence for its Tongo project by the government of Sierra Leone.

It is now expected that the country's National Minerals Agency will draw up the Tongo Mining Licence for consideration and signature by the Minister of Mines and Mineral Resources.

"The receipt of the environmental licence marks an important milestone in the proposed development of the Tongo deposit into commercial production," chief executive Karl Smithson said.

"We look forward to providing a further update in due course."

http://www.moneyam.com/action/news/showArticle?id=5715227

28 November 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")

Corporate Update
Issue of Equity

Stellar Diamonds plc, the diamond development company focused on West Africa, announces that it has completed all necessary Guinean governmental tax payments, and has received the required tax clearance certificates in relation to the disposal of its Guinea companies and assets to BDG Capital ("BDG"). BDG is completing its review of these documents after which it is expected that the transaction will complete and the balance of the funds will be transferred to Stellar, as announced on 16 October 2017. The funds are expected to be utilised towards ongoing project costs in Sierra Leone as well as general working capital.

Stellar is in discussion with its Convertible Loan Note (CLN) holders regarding extensions to the outstanding loan notes and is confident these will be secured in the near future. Furthermore, Stellar is in discussion with Octea Mining regarding an extension to the Tribute Mining Agreement longstop date and is expected to secure such an extension in the near future. The Company also continues discussions with certain funding groups in relation to the required capital requirements for the Tongo-Tonguma mine development in Sierra Leone.

The Company has also agreed to issue today 1 million new ordinary shares in Stellar at a price of 3.25p per share as settlement of certain advisory fees ("Fee Shares") in order to preserve cash. Application will be made for the Fee Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM. Admission is expected to occur on 4 December 2017.

Further announcements will be made in due course as the Guinea transaction completes and extensions to the CLN's and transaction longstop date are finalised.

Total voting rights

Following the issue of the Fee Shares today, the Company's current issued share capital comprises 62,007,748 Ordinary Shares of 1 pence each. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5760110

19 December 2017
AIM: STEL
Stellar Diamonds plc ("Stellar" or the "Company")

Final Results

Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces its final results for the period ended 30 June 2017.

Operational Highlights:

Tongo Project, Sierra Leone (100% owned):

· Tribute Mining and Revenue Share Agreement signed with Octea Mining over the combined Tongo and neighbouring Tonguma licences

· Revised resource statements demonstrate a combined 4.5 million carats (+1.18mm) at recovered mining grades ranging from 100cpht to 260cpht and diamond values of between $209/ct to $310/ct

· A further 8 million carats identified as future exploration target

· Revised Preliminary Economic Assessment, mine plan and financial model prepared by independent consultants PPM and SRK Consulting, showing;

o Initial capital requirement of $32 million

o 21 year life of mine

o Production targeted within 12 months of funding

o Target production ramp up to over 200,000 carats per year by end of Year 3 giving annualised cash flows of $45 million per annum

o 49% margin

· Calculated post-tax/funding real NPV(8) of $109 million and IRR of 31%

· Environmental Licence issued by Government of Sierra Leone, post period end, with mining licence expected to be issued

· Stellar engaged market leaders in natural resource funding Exotix Capital to seek project funding

· Extension of tribute mining agreement longstop date extended to 31 January 2018



Guinea Assets Disposal:

· Share Purchase Agreements (post period end) signed with BDG Capital for sale of Stellar's Guinea assets, including all three subsidiary companies, for $1.25 million

· US$250,000 exclusivity fee advance received during the financial year, with a further US$250,000 received post period end

· The final balance, less certain exit costs including in country taxes and staff retrenchments received upon closing of the transaction post period, of US$366,000 bringing the total cash received to US$866,000 after payment of taxes, retrenchments, certain creditors and other exit related costs

· Saving of $70,000 per month from the Guinea exit going forwards



Kumgbo Project, Liberia (90% owned):

· Licences remain on care and maintenance whilst a joint venture partner is sought

· Historical Stellar results were positive with some high interest indicator mineral anomalies in areas of artisanal diamond digging

· New diamondiferous kimberlites discovered by another group in neighbouring licence demonstrate prospectivity of the Kumgbo project


Financial Highlights:

· US$1.2 million cash raised in the financial year through a combination of equity and debt

· A further $0.25 million received in the year as an advance on the sale of the Group's Guinea assets (as part of the $1.25m Guinea asset disposal)

· Loss before impairments and discontinued activities reduced from $2.75m to $2.25m



Stellar Diamonds Chief Executive Karl Smithson commented:

"The combined Tongo-Tonguma project has the potential to be an exceptional mine. The current plan demonstrates a 21-year life of mine exploiting the initial 4.5 million carats. Forecast production targets of over 200,000 carats per annum would generate significant estimated annual cash flows of US$45 million. The project has an after tax NPV attributable to Stellar of $109 million. This is far in excess of the Company's current market capitalisation and therefore rightly deserves our exclusive strategic focus.

"Furthermore, Sierra Leone has demonstrated twice this year why it should be the target of diamond miners. Gem quality diamonds of 709 carats and 478 carats have been discovered by third parties and the country has a rich history of yielding world class stones, such at the 970 carat "Star of Sierra Leone".

"During the past year the proposed acquisition of the Tonguma diamond project has been restructured to a tribute mining and revenue share agreement. The terms of the transaction require Stellar to fund the capital development of the combined Tongo-Tonguma mining operation in return for a de-facto 90% revenue share of future project revenues, once Stellar has fully recouped its capital outlay. Stellar and Octea continue to work together to extend the longstop dates to the completion of the Tribute Mining and Revenue Share agreements as required, to allow Stellar the necessary time to complete the required project development funding.

"The capital markets for junior resource companies remain challenging, and although the Company's current financial position is weak we have obtained strong shareholder support in recent open offer financings. Stellar continues to carefully manage its day to day working capital and alongside our loan note holders, who remain fully supportive, we are working on, and remain optimistic of securing, the required project funding to develop the Tongo-Tonguma project. The mine has the potential to be the second largest kimberlite diamond mine in West Africa and transform Stellar from a small cap explorer in to a mid-tier diamond mining company."

Financial statements and going concern

The Financial Statements will be available on the Company's website, www.stellar-diamonds.com, shortly and will be posted to Shareholders (other than those who have elected to receive shareholder information via electronic communication) in due course.

Whilst the Directors remain optimistic of securing future project funding, Shareholders should note the existence of a material uncertainty in respect of the Group's ability to continue as a going concern as set out in the Audit Report contained in the Financial Statements and summarised in Note 1.3 below. The Company's ability to continue as a going concern is dependent on the continued support of its loan note holders, creditors and the ability of the Company to raise further funds in the near term.

http://www.moneyam.com/action/news/showArticle?id=5788016

Possible Offer for Stellar Diamonds

http://www.moneyam.com/action/news/showArticle?id=5839058

VOX Podcast 12:10 in:

https://audioboom.com/posts/6635932-powerhouse-energy-phe-stellar-diamonds-stel-phoenix-global-mining-pgm-and-russ-mould-on-nicl-trcs-jay

RE.: POTENTIAL OFFER FOR STELLAR DIAMONDS PLC

Further to our letter dated 5 February 2018, we now enclose the Company's Opening Position Disclosure, together with Opening Position Disclosures provided by Company shareholders.

Kindly note that these disclosures are made as at 9 February 2018, and with respect to each shareholder's holding in Newfield Resources Limited, are based on the shares on issue at that date, being 270,583,335 fully paid ordinary shares. The disclosures will be posted to the submission platform RNS Submit.

For your convenience, we have grouped all of the disclosures that relate to Stellar Diamonds plc together, and all of the disclosures that relate to Newfield Resources Limited together.

A summary of the disclosures is shown below:

http://www.moneyam.com/action/news/showArticle?id=5850181

9 February 2018
Stellar Diamonds plc ("Stellar" or the "Company")


Receipt of US$3 million Loan

Director holding and update of irrevocable undertaking

AIM: STEL

http://www.moneyam.com/action/news/showArticle?id=5850711

NEWFIELD RESOURCES LIMITED busy this morning!

http://www.moneyam.com/action/nav/news?epic=STEL

20 February 2018
AIM: STEL
Stellar Diamonds plc

Commencement of Front End Engineering and Design for Tongo-Tonguma Project

Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, announces that the Front End Engineering and Design study ("FEED") for the underground mine development of the Tongo-Tonguma project ("Project") has commenced. A team of five consultants from contractors Paradigm Project Management Pty Ltd ("PPM") and SRK Consulting ("SRK") have arrived on site to begin the various work streams associated with the FEED programme (see below).

Chief Executive Karl Smithson commented:

"We are pleased that the first key milestone in the mine development at Tongo-Tonguma has commenced. PPM are highly experienced in the delivery of diamond mine projects and together with SRK they will refine all elements of the mine plan as determined in the published PEA to higher levels of confidence in order to reduce the project delivery risk. With over 66,000 metres of drilling completed at the Project to date, we will drill of a further 9,000 metres of mine plan related drilling to a depth of 75 metres concurrent with the FEED study."


FEED Objectives

The main objectives of the FEED study are to better define the technical requirements of the Project in order to ensure that the correct underground mine design is implemented and that the treatment plant design and layout is properly designed and the unit processes are clearly identified.

Although the combined Tongo-Tonguma projects have seen some 66,000 metres of drilling, approximately 9,000 metres of additional core drilling is intended to be undertaken at 50 metre intervals. The aim of this is to better define the near-surface geology of the kimberlites in resource with particular reference to siting of the decline portals, the declines and the development drives for the first two levels of mining to a depth of 75 metres below surface. Furthermore, the drilling will provide the necessary geotechnical and hydrogeological information for the initial years of mining.

The FEED programme will also define the final capital expenditure estimate and the operating cost budgets. In addition, the Project execution plan will also be developed. A refined financial model will also be developed for the mine.

Key FEED Elements and Deliverables

The following list highlights the key FEED work streams and deliverables by PPM/SRK and Stellar:

- Mining and design

- Underground geotechnical

- Hydrology

- Underground infrastructure

- Hydrogeology

- Surface geotechnical

- Surface infrastructure

- Bulk services (power and water supply)

- Treatment plant

- Security and product protection

- Operational readiness (including manpower plan, preliminary project procurement )

- Procurement and logistics

- Project execution plan

- Risk and opportunity management

- Project Management and services

- Infill mine plan drilling

- Environmental management in line with approved EIA's

- Social and community liaison

- Legal and permitting

http://www.moneyam.com/action/news/showArticle?id=5861880

26 February 2018

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

http://www.moneyam.com/action/news/showArticle?id=5869377

28 February 2018

Stellar Diamonds plc ("Stellar" or the "Company")



Statement re. Rule 2.6 Extension

http://www.moneyam.com/action/news/showArticle?id=5872369

1 March 2018
AIM: STEL
Stellar Diamonds plc

Completion of Tribute Mining Agreement over Tongo-Tonguma, Sierra Leone

Stellar Diamonds plc, the London quoted diamond exploration and development company focused on West Africa, is pleased to announce the completion of the Tribute Mining Agreement and Revenue Share Agreement ("the Agreements") with Octea Mining Limited ("Octea") in respect of the Tongo-Tonguma kimberlite diamond project in eastern Sierra Leone ("Completion").

Completion follows the satisfaction or waiver of the conditions precedent to the Agreements, including, inter alia, satisfaction of the Initial Financing Condition (as such term was defined in the Company's announcement on 28 April 2017, which set out key terms of the Agreements) and all encumbrance over the Tonguma company or assets having been lifted.

Pursuant to an agreement dated 27 February 2018, both Stellar and Octea have agreed that outstanding title opinions over the Tongo and Tonguma licences will be provided following payment of licence fees for the existing Tonguma mining licence held by Tonguma Limited which Stellar is expected to fund shortly. The Tongo mining licence has been approved by the Minerals Advisory Board and the licence fee is expected to be paid when the Company has secured the project funding. In this regard, the Company is continuing its discussions with Newfield Resources Limited regarding the Possible Offer as announced on 1 February 2017 and 28 February 2018.

Chief Executive Karl Smithson commented:

"The closure of the Agreements with Octea mark a major milestone for Stellar as it secures the Tongo-Tonguma project for the planned long-term development programme. We have already commenced the front end engineering design ("FEED") programme and have signed a contract for 9,000 metres of mine development drilling that will enhance the geological control for the first two levels of mining.

"Discussions are ongoing with Newfield Resources regarding the indicative offer which, if successfully concluded, and supported by our respective shareholders, will result in sufficient funding being made available to bring the Tongo-Tonguma project into production according to the refined mine plan that will be generated by the FEED programme. We look forward to updating shareholders in the near future."

http://www.moneyam.com/action/news/showArticle?id=5874414

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")


http://www.moneyam.com/action/news/showArticle?id=5876616

5 March 2018
AIM: STEL
Stellar Diamonds plc

Interim Results for the six months to 31 December 2017


Stellar Diamonds plc, the AIM listed (AIM: STEL) diamond development company focused on West Africa, announces its unaudited interim results for the six months to 31 December 2017.


Operational and Corporate Highlights:

o Successful disposal of Guinea assets for gross proceeds US$1.25 million;

o Tribute Mining and Revenue Share Agreement with Octea Mining over the Tongo-Tonguma project closed post period;

o Environmental Licence issued for Tongo paving way for issuing of the large scale mining licence subject to licence fee payment being made;

o Post-period announcement of a possible offer for the issued and to be issued share capital of Stellar by ASX listed Newfield Resources Limited ("Newfield Resources") with the intention to fund the commercial development of the Tongo-Tonguma mine.


Financial Highlights

o Placing of £330,000 and an oversubscribed open offer raising £200,000 completed;

o Receipt of final funds related to Guinea transaction, bringing total gross consideration to US$1,250,000 (including exclusivity payment of US$250,000 received pre-interim report period);

o Repayment of US$1.24m convertible loan note ("CLN") and issue of a US$1,340,000 CLN during period;

o Amendments to US$1,650,000 and US$1,340,000 CLN's made with repayment longstop dates extended to 30 April 2018 and 31 March 2018 respectively for the completion of the Tongo-Tonguma tribute mining agreement and securing of the project funding as defined in the CLN agreements;

o US$3 million unsecured loan received from Newfield Resources post period, funds used towards commencement of the Front End Engineering Design ("FEED"), mine plan drilling, payment of certain licence fees, certain creditors and transaction fees.



Stellar Diamonds Chief Executive Karl Smithson commented, "The interim reporting period has primarily been focussed on sourcing the necessary funding to bring the Tongo-Tonguma project into production. The capital markets in the UK have proven extremely difficult to raise funds for junior mining companies in recent years. Furthermore, the market capitalisation of Stellar during the last six months hovered around the US$2 million level, which provided additional challenges of raising capital to develop the mine in Sierra Leone. However, we were pleased to report on 1st February 2018 that a possible share offer to acquire Stellar by ASX listed Newfield Resources, at a significant premium for Stellar shareholders, was received which, if successful and alongside a planned fundraise by Newfield Resources, would also bring the required project development capital for Tongo-Tonguma. Alongside any possible offer for the Company and subsequent to the period ended 31 December 2017, Newfield Resources has advanced to Stellar an unsecured US$3 million loan with which to primarily commence the FEED programme, mine plan drilling and, as a result of the recent completion of the tribute mining agreement, payment of Tonguma mining licence fees of US$1.25 million (covering the period up to July 2018). The loan will also be used to pay legal and corporate financial advisor costs including those related to the possible offer for the Company. Working capital will therefore remain constrained as we continue discussions with Newfield Resources regarding the possible offer.


"In addition, Stellar completed the disposal of its Guinea assets and three Guinean subsidiary companies to BDG Capital in return for an overall payment of US$1.25 million, meaning Stellar can focus its resources on the Tongo-Tonguma project in Sierra Leone."



Chairman's Statement

Stellar achieved two key milestones in the interim reporting period and beyond. Firstly, we were able to successfully conclude the disposal of our Guinean assets and subsidiary companies for a total transaction price of US$1.25 million (with cash received of US$0.87 million in total after payment of taxes, retrenchments, certain creditors and other exit related costs), thus securing our orderly exit from Guinea to focus on Sierra Leone. Secondly, our innovative approach has led us to securing the potential funding for the Tongo-Tonguma project via a proposed offer by Newfield Resources to acquire the issued and to be issued share capital of Stellar by means of a 'scheme of arrangement', which, if successful, will bring in the required development capital for the project in Q2-18.

***More via Link Below***

http://www.moneyam.com/action/news/showArticle?id=5878436

12 March 2018
ASX Code: NWF

Recommended Offer for Stellar Diamonds plc ("Stellar") by Newfield Resources Limited ("NWF")

http://www.moneyam.com/action/news/showArticle?id=5887999

Stellar Diamonds' board recommends Newfield Resources merger
08:42 12 Mar 2018

Existing Stellar shareholders will own 8.14% of the group following the merger and financing.



Stellar Diamonds PLC’s (LON:STEL) board is recommending a merger with Australian company Newfield Resources Limited, which also operates in Sierra Leone.

The deal was flagged at the start of last month and the two groups have now agreed terms.

Newfield will offer shares to the equivalent 12.5p per Stellar share, which values the diamond miner at £7.74mln.

The Aussie company will lend Stellar US$3mln to help it over its immediate short-term cash needs, while undertaking a right issue to raise A$30mln to re-finance the enlarged group.

Existing Stellar shareholders will own 8.14% of the group following the merger and financing.

The boards of NWF and Stellar believe that merger and funding will enable the Tongo-Tonguma diamond project to start commercial production.

In addition, NWF's exploration to date in Sierra Leone has discovered kimberlites in its licence areas and bulk sampling from some alluvial deposits have resulted in diamond sales attracting over US$450 per carat.

Tongo-Tonguma lies to the north-east of NWF's Allotropes diamond project.

http://www.proactiveinvestors.co.uk/companies/news/192984/stellar-diamonds-board-recommends-newfield-resources-merger-192984.html

26 March 2018

Recommended Offer for Stellar Diamonds plc ("Stellar")

by

Newfield Resources Limited ("NWF")

to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006

POSTING OF SCHEME CIRCULAR

http://www.moneyam.com/action/news/showArticle?id=5908583

Updated timetable of principal events in relation to the Scheme of Arrangement

http://www.moneyam.com/action/news/showArticle?id=5916857

09 April 2018
Stellar Diamonds plc

PDMR Dealing

The Company was notified on 6 April 2018 that Karl Smithson, a director of the Company, transferred 347,151 ordinary shares in the Company shares into his ISA as per below:

http://www.moneyam.com/action/news/showArticle?id=5923631

Worth highlighting that not all brokers trade on ASX


STELLAR DIAMONDS - Important Information
Proposed Acquisition by Newfield Resources (NWF).


0.7622 of a New NWF share for each Stellar Diamonds Ordinary share held.

Please note that all trading in the New NWF shares will be undertaken on the Australian Stock Exchange (ASX).

The Boards of Stellar and NWF have announced that they have reached an agreement on the terms of a Recommended All-Share Offer by NWF for the entire issued and to be issued share capital of Stellar to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006.

Based on a NWF share price of AUS0.24 per share and an exchange rate of AUD1.83 to GBP1.00, the Acquisition values the share capital of Stellar at approximately GBP6.2 million and represents a value of approximately 10 pence per Stellar Share.


The Scheme is subject to shareholder approval at a General Meeting and Court approval at a Court Meeting both to be held on 19th April 2018. The Scheme will then be subject to Court sanctioning at a Court Hearing to be held on 25th April 2018. Subject to acquiring the necessary approval, the Scheme is expected to become effective on 26th April 2018.

Prior to the Scheme becoming effective, an application will be made to the London Stock Exchange for the cancellation of listing of Stellar shares. The cancellation of admission to trading is expected to become effective on 30th April 2018 with the last day in dealings in Stellar shares expected to be on 26th April 2018.

The New NWF shares are expected to be issued to shareholders on or around 3rd May 2018 with dealings expected to commence on the ASX on 4th May 2018. We will endeavour to credit your account shortly after 4th May 2018 once we have received confirmation of the new NWF holdings. As trading in NWF shares will be concentrated to the ASX we will be unable to facilitate trading in NWF shares via our sharedealing facility.

If you wish to trade your NWF shares on the ASX you will need to establish an arrangement with an alternative broker. Should you wish to do this, please contact our call centre with the details of your chosen alternative broker and we will facilitate the transfer of your shares to them at no cost to yourself. Please be aware that you will need to have contacted your chosen broker in order to complete their necessary transfer process prior to contacting our call centre.

25 April 2018
Stellar Diamonds plc ("Stellar")


Recommended Offer by Newfield Resources Limited ("NWF")

SCHEME SANCTIONED BY COURT

The Board of Stellar is pleased to announce that the Court has today sanctioned the Scheme to effect the acquisition by NWF of the entire issued and to be issued share capital of Stellar.

All Conditions of the Scheme and the Combination have now been satisfied or waived other than delivery to Companies House of a copy of the Court Order, which is expected to take place tomorrow, 26 April 2018, at which point the Scheme will become effective.

It is expected that trading in Stellar Shares on AIM will be suspended with effect from 7.30 a.m. on 27 April 2018 and the admission of Stellar Shares to trading on AIM will be cancelled with effect from 7:00 a.m. on 30 April 2018. The last day of dealings in Stellar Shares will therefore be 26 April 2018.

Capitalised terms used but not defined in this announcement have the same meaning as in the scheme circular sent to Stellar Shareholders on 26 March 2018. All references to times in this announcement are to London time.

http://www.moneyam.com/action/news/showArticle?id=5947040