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STEL>>> Stellar Diamonds!-Stellar Performance in the offing! (STEL)     

skyhigh - 25 Feb 2014 10:26

Chart.aspx?Provider=EODIntra&Code=STEL&SChart.aspx?Provider=EODIntra&Code=STEL&S

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!

doodlebug4 - 07 Mar 2014 10:44 - 13 of 144

Next set of drilling results due out very soon.

doodlebug4 - 12 Mar 2014 14:24 - 14 of 144

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



doodlebug4 - 12 Mar 2014 17:15 - 15 of 144

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

skyhigh - 13 Mar 2014 22:20 - 16 of 144

Looking good!

doodlebug4 - 14 Mar 2014 15:56 - 17 of 144

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

R88AVE - 17 Mar 2014 16:23 - 18 of 144

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?

R88AVE - 18 Mar 2014 07:12 - 19 of 144

Great rns this morning

doodlebug4 - 18 Mar 2014 08:19 - 20 of 144

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."



doodlebug4 - 18 Mar 2014 13:51 - 21 of 144

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.

doodlebug4 - 19 Mar 2014 08:02 - 22 of 144

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.


skyhigh - 19 Mar 2014 23:03 - 23 of 144

All looking good & bubbling under!

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

doodlebug4 - 20 Mar 2014 12:06 - 24 of 144

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 **


doodlebug4 - 27 Mar 2014 14:05 - 25 of 144

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.

doodlebug4 - 15 Apr 2014 14:34 - 26 of 144

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

doodlebug4 - 08 May 2014 11:03 - 27 of 144

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

banjomick - 08 Jan 2015 00:14 - 28 of 144

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

banjomick - 08 Jan 2015 15:37 - 29 of 144

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

banjomick - 22 Jan 2015 07:54 - 30 of 144

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

banjomick - 22 Jan 2015 09:05 - 31 of 144

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.

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banjomick - 23 Jan 2015 08:46 - 32 of 144

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.

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