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!

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