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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stellar Diamond | LSE:STEL | London | Ordinary Share | GB00BYZ5QT80 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTEL
Stellar Diamonds PLC
18 September 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.
18 September 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Corporate Presentation Update
Stellar Diamonds plc (AIM: STEL) the London-listed diamond development company focused on Western Africa, advises that the Company has updated its presentation on the 4.5 million carat Tongo-Tonguma mine development project in Sierra Leone. This presentation can be found on the Company's website http://stellar-diamonds.com/investors/presentations.
**ENDS**
For further information contact the following or visit the Company's website.
Karl Smithson, Stellar Diamonds plc Tel: +44 (0) CEO Stellar Diamonds plc 20 7164 6371 Philip Knowles, Tel: +44 (0) CFO 20 7164 6371 Emma Earl Cairn Financial Advisers Tel: +44 (0) Sandy Jamieson (Nominated Adviser) 20 7213 0880 Jon Bellis Beaufort Securities Tel: +44 (0) Limited (Joint Broker) 20 7382 8300 Martin Lampshire Peterhouse Corporate Tel: +44 (0) Finance (Joint Broker) 20 7469 0930 Rory Scott Mirabaud Securities Tel: +44 (0) (Financial Advisers) 20 7878 3360 Tim Blythe Blytheweigh Tel: +44 (0) Nick Elwes (Financial PR) 20 7138 3204
About Stellar Diamonds plc
Stellar is an AIM listed (AIM: STEL) diamond development company focused on the 4.5 million carat high-grade and high value Tongo-Tonguma kimberlite diamond project in the world famous diamond fields of eastern Sierra Leone. An independently generated mine plan, based on over 66,000m of drilling that has been completed to date, envisages the production of over 4 million carats, generating gross revenues of more than US$1.5 billion, over a 21 year life of mine. Initial production at Tongo-Tonguma is scheduled to occur in the first year of development, building up to over 200,000 carats per annum, with a weighted average modelled diamond value of $239 per carat. The Tongo-Tonguma kimberlites have the potential to be the highest dollar per tonne of any kimberlites in Africa yielding a Post-tax NPV(8) of US$104 million attributable to Stellar and an IRR of 31%.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAEAENXFDNXEAF
(END) Dow Jones Newswires
September 18, 2017 02:01 ET (06:01 GMT)
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