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!

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