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!

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