Stellar Diamonds Share Discussion Threads

[suicidesid2] 07/11/2014 17:27

That he is well placed to acquire future development funding IMO SS2

[frogkid] 07/11/2014 09:34

JohnWhat is your point ?RegardsFrog

[johnwise] 06/11/2014 11:14

Business pedigree of Lord Daresbury


Stellar Diamonds Non-Executive Chairman

Peter Daresbury has held numerous executive positions, including CEO from 1997 to 2000 of the Greenalls Group, which had an annual turnover of £983 million and a FTSE 100 market capitalisation of £1.7 billion. In 2000, the company was re-named The De Vere Group plc, and Peter Daresbury became Non-Executive Chairman until he stood down in 2006. Peter Daresbury has also served as Non-Executive Chairman of Kazakhgold Group Ltd from 2005 to 2007 and Executive Chairman of Highland Gold from 2002 to 2004. Peter is currently Chairman of AIM quoted Nasstar plc, Aintree Racecourse Company Ltd, Mallett plc and North West Business Finance Ltd, a new Private Venture Capital and Loan Fund (VCLF) for the Northwest.

Current directorships include Bespoke Hotels Ltd, Rusant Ltd and in addition, since 2005, Peter has been a member of the Fleming Family and Partners Private Equity Investment Committee.

Lord Daresbury is holding 9,484,807 shares in Stellar Diamonds

[johnwise] 22/10/2014 11:56

Stellar Diamonds PLC Given “Buy” Rating at Daniel Stewart & Co (STEL)

Stellar Diamonds PLC (LON:STEL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Daniel Stewart & Co in a research note issued to investors on Tuesday. They currently have a GBX 5 pence ($0.08) target price on the stock. Daniel Stewart & Co’s target price would suggest a potential upside of 292.16% from the stock’s previous close.

[johnwise] 21/10/2014 21:01

VIDEO

Interview : Stellar Diamonds CEO: Encouraging start to trial mining

[taxislags] 21/10/2014 19:50

trying to post a link here but seems not able to anymore. ? Interview with Karl Smithson on Pro@ctive Inv3stors posted today at 3.20pm. Will have to google it I guess.


Stellar Diamonds CEO: Encouraging start to trial mining

By Sarah Lowther

October 21 2014, 3:20pm



Stellar Diamonds (LON:STEL) chief executive Karl Smithson reckons ‘two or three exports’ are needed before the company becomes self-sustaining.

His comments follow the news trial mining at Stellar’s Baoulé kimberlite pipe in Guinea exceeded expectations with a number of large stones uncovered.

Smithson says there is as much use for the ‘industrial217; diamonds as there is for the ‘gem quality’ diamonds and explains how Ebola will affect the company’s operations.

[johnwise] 21/10/2014 13:42

BlackRock Inc has some 120+ investment teams in 30 countries, the biggest investor in the world, As of June 30, 2014, BlackRock's assets under management total US$4.594 trillion (almost as much as all private-equity and hedge funds put together) and another $11 trillion it oversees through its trading platform..

BlackRock is holding 35,305,180 shares in Stellar Diamonds (STEL)


Institutions / Pension Funds Holdings in Stellar Diamonds


Foradex Invest SRL: Holding 187,371,150 Shares

Nassim Funds: Holding 41,278,333 Shares

Groupe Financiere Hottinger & Company Limited: Holding 39,000,00O Shares

BlackRock Inc: Holding 35,305,180 Shares

Hottinger & Co Ltd: Holding 32,618,500 Shares

Mano Diamonds Ltd : Holding 30,780,866 Shares

IPConcept Fund Management S.A: Holding 16,666,667 Shares

Richmond Capital LLP: Holding 13,522,745 Shares

UBS Deutschland AG: Holding 10,522,746 Shares

Barclayshare Nominees Limited: Holding 7,370,066 Shares

[totally banjo] 21/10/2014 06:56

Stellar Diamonds' Guinea trial mine yields several large stones as grade exceeds expectations
By Ian Lyall
October 21 2014, 7:18am

Stellar Diamonds (LON:STEL) said trial mining of its Baoulé kimberlite pipe in Guinea had exceeded hopes with a number of large stones uncovered.

The first ore processed yielded 196 carats in total, or 17 carats per hundred tonnes – which was well ahead of the minimum expected grade of 13 carats per hundred tonnes.

Within that Stellar unearthed octahedrons of 5.5 carats and 5.1 carats alongside stones of 3.1, 1.9, 1.3 and 1.2 carats. Overall, half of the diamonds found were of gem quality.

A sale towards the end of the year should deliver some much needed cash flow.
The objective is to mine 100,000 tonnes to establish a diamond grade and a benchmark value for the stones.

Chief executive Karl Smithson said: "Processing of the first kimberlite ore from trial mining at the Baoulé pipe is delivering excellent results.

“Not only is the grade exceeding our minimum expectations but the recovery of three five carat diamonds, two of which are of excellent gem quality and shape, from a 196 carat diamond parcel is outstanding news.

“We believe that this suggests that Baoulé has a large stone size distribution which would be consistent with our expectations, knowing that the Aredor area of Guinea has produced some spectacular stones over many years.

“The processing plant, which was commissioned in September, is working well and we will now increase volume throughput over the coming weeks.

“It is our intention to make a diamond export in November and thus begin our cycle of exports and sales for the duration of the trial mining period."

Separately, Stellar said it had implemented restrictions on staff travel and a total ban on visits to the epicenters of the Ebola virus in Guinea.

“The company continues to monitor the situation very closely to ensure the continued well-being of all employees and that of the local communities,” it added.

[burdetth] 21/10/2014 06:49

Now I understand why £400k was needed for earth moving equipment. This is excellent news up we go

[tradermel] 21/10/2014 06:45

Bingo

Highlights:

· 196 carats recovered to date from kimberlite ore at an average grade of 17cpht (+1.25mm cut-off) exceeding minimum grade expectation of 13cpht

· Gems of 5.5 (octahedron), 5.1 (octahedron), 3.0, 1.9, 1.5, 1.3 and 1.2 carats recovered

· Over 50% of diamonds recovered classified as gem quality

· Trial mining is expected to generate cash flow from first diamond sale targeted before YE 2014

· Mine plant functioning well, with steady increase in tonnes of ore processed

[johnwise] 21/10/2014 06:12

Stellar Diamonds PLC Large Diamonds Recovered from Trial Mining, Baoule

[goodpick] 17/10/2014 16:49

I agree Tradermel They need to.issue some numbers about the potential cash flow that Baule.could generate in 12 months

[tradermel] 17/10/2014 07:26

That RNS from yesterday could have been far better worded. Pretty frustrating really. Baoule is hardly trial mining it seems.

[totally banjo] 16/10/2014 09:53

Stellar Diamonds invests in earthmoving machines with placing proceeds
By Philip Whiterow
October 16 2014, 8:12am

Stellar Diamonds (LON:STEL) has raised just shy of £400,000 to spend on earth moving equipment at its Tongo and Baoulé projects in Sierra Leone and Guinea.

Baoulé will receive most of the equipment, Stellar added, to boost its mining and production rate as part of the large scale bulk sampling, or trial mining, planned over the next twelve months.

First diamonds were recently recovered from Baoulé as part of the processing plant commissioning process and Stellar now wants to increase mining and processing capacity.

The machines are being bought for €0.5mln from Stellar's major shareholder, Foradex Invest SRL.

To raise the money, Stellar issued 25.56mln shares at 1.55p with a warrant attached.

[goodpick] 16/10/2014 07:40

Why would you invest so much money for equipment for "sampling"

[cammy3] 16/10/2014 06:44

Totally - why have we not had an RNS about this?

[tradermel] 16/10/2014 06:41

Another kick in the nuts today

[leopold555] 14/10/2014 11:34

This is a gift I am doubling my investment

[totally banjo] 14/10/2014 11:29

Relates to last weeks announcement (translated via Chrome):


Guinea: Stellar Diamonds made his first discoveries of diamonds Baule
Monday, October 13, 2014 2:03 p.m.

(Agence Ecofin) - Stellar Diamonds plc made the first discovery of diamonds in its project on kimberlite Baule, Guinea, with commissioning in the period of the treatment plant with a capacity of 100 tonnes per hour in September 2014.

The first treatments of ore were crowned by the recovery of more than 50 carats of diamonds, diamonds of 3.76 and 1.37 carats, announced October 9 the diamond company, a presence in Sierra Leone, which aims to complete optimization of the plant to pass an operating test on all cylinders.

" I am delighted to have been on the ground to witness the discovery of the first diamonds from the chimney of the Baule is a milestone for Stellar , "commented Karl Smithson, CEO of the company listed in London. " Our team did a great job to bring the project to this level in a short time and under difficult conditions during the rainy season , "he has said, adding that the company will now optimize commissioning plant and increase ore mining kimberlite.

The kimberlite Baule, discovered in 1999 and bounded to 5 ha, is located in heart of the Diamond Field Aredor that produced in the past few number of the largest diamonds of great value in Guinea.

In 2013, Stellar Diamonds has sealed a joint venture with the local group company Tassiliman, eyeing a mining license covering an area 1 km including the chimney, and will hold 75% interest in the joint venture in compensation expenses 5 million dollars.

The diamond company, which believes it has met the conditions, announced a new joint venture, to which the mining license is to be transferred has been created. Stellar Diamonds has the option, we learn, to acquire the remaining 25% interest from its partner, this to their fair market values.

[johnwise] 09/10/2014 11:49

For those who missed this video the first time round

Stellar Diamonds chief on Guinea diamond project’s potential
Published on Aug 11, 2014
VIDEO


Stellar Diamonds Gets First Diamonds Through New Baoule Plant

[totally banjo] 09/10/2014 07:28

Stellar Diamonds passes key milestone as unearths first diamonds from Guinea mine
By Ian Lyall
October 09 2014

Stellar Diamonds (LON:STEL) said it passed a key milestone as it recovered the first diamonds from Baoulé kimberlite pipe in Guinea.

Having commissioned the trial mining plant on schedule last month, a limited amount of ore has so far been processed.

Even so it has yielded over 50 carats, including stones 3.76 carats and 1.37 carats.

The objective is to mine 100,000 tonnes to establish a diamond grade and a benchmark value for the stones.

Chief executive Karl Smithson said: "I am delighted to be on site to witness the first recovery of diamonds from our Baoulé pipe which is a key milestone for Stellar.

“Our team has done an excellent job to get the project up and running in a short space of time and under challenging conditions during the rainy season.
“Our next objective is to optimise the commissioning of the plant before increasing the volume throughput of kimberlite ore, which could take a few weeks further.

“Whilst this large scale bulk sampling, or trial mining, is expected to establish the diamond grade and value of the kimberlite pipe to a high degree of confidence, it is also expected to provide cash flow to the company over the next twelve months."

In-house modelling of previous drilling over the pipe has identified a target of over 22mln tonnes to a depth of 300m, which, at a grade of 13 carats per hundred tonnes, would yield around 3mln carats.

This increases to 6.5 million carats using an average microdiamond grade of 30 carats per hundred tonnes.

“However, investors should note that this is not an independent resource estimate or in accordance with the JORC Code,” Stellar cautioned.

Sticking with the historic data, the firm said a 509-carat parcel sold in 2000, which did not contain any large stones, was sold for US$157 per carat.

Stellar said there “may be considerable upside” on this diamond price and the same parcel could realistically be expected to achieve prices in excess of US$200 per carat in the current market.

In the same announcement, the company said it had reached the investment milestones that cede it a 75% interest in the licence containing the Baoulé.
Separately, Stellar said it continued to monitor conditions in the area with regard to Ebola. However it pointed out there has not been a case in the vicinity.

[leopold555] 09/10/2014 06:46

Stellar Diamonds plc

("Stellar" or the "Company")

9 October 2014

First Diamonds from Trial Mining at Baoulé Kimberlite Pipe in Guinea



Stellar Diamonds plc, the London listed (AIM: STEL) diamond development company focused on West Africa, announces that first diamonds have been recovered from the commissioning of the mine plant at the Baoulé kimberlite pipe in Guinea.



Highlights:

· 100tph treatment plant commissioned on schedule in September 2014

· First limited ore processed has yielded over 50 carats, including stones of 3.76cts and 1.37cts

· Plan to move in to full scale trial mining once plant optimisation complete

· Objective to process at least 100,000 tonnes for diamond grade and value estimation



Stellar Diamonds Chief Executive Karl Smithson commented from the Baoulé project:

"I am delighted to be on site to witness the first recovery of diamonds from our Baoulé pipe which is a key milestone for Stellar. Our team has done an excellent job to get the project up and running in a short space of time and under challenging conditions during the rainy season. Our next objective is to optimise the commissioning of the plant before increasing the volume throughput of kimberlite ore, which could take a few weeks further. Whilst this large scale bulk sampling, or trial mining, is expected to establish the diamond grade and value of the kimberlite pipe to a high degree of confidence, it is also expected to provide cash flow to the Company over the next twelve months."



Operational Progress

Stripping of the eastern lobe of the 5 hectare Baoulé pipe has been underway since early September and has now exposed highly decomposed kimberlite underlying a laterite cap and mixture of saprolitic kimberlite and laterite that has been extensively dug by local artisanal miners. This material has been stockpiled separately from cleaner and less contaminated kimberlite. The kimberlite has been collected from a controlled bulk sample measuring 24m x 16m x 3m and weighing approximately 2,200 wet tonnes. Measurements for specific gravity, bulk density and water content are currently being undertaken in order that the diamond grade can be established during processing.



Whilst the pipe stripping was on-going the construction of the 100 tonne per hour dense media separation ("DMS") processing plant was completed and tested to establish its optimum operational parameters. Commissioning began in mid-September with the processing of the mixed decomposed kimberlite and laterite stockpile. Once the plant was deemed to be operating efficiently in terms of diamond recoveries, processing of the decomposed kimberlite stockpile commenced.



All samples processed have yielded diamonds with some 54 carats having been recovered from the limited processing to date. These include a gem diamond of 1.37 carats as well as a 3.76 carat lower quality stone. Grades will be calculated once the representative density and moisture content have been measured and significantly more volume has been processed.



Baoulé Pipe Summary

The Baoulé kimberlite pipe was discovered in 1999 and was subject to drilling and initial bulk sampling by earlier operators. A geological database is available on the project which shows that the pipe was delineated to 5 hectares in size and drilled to a maximum depth of 190m, but remains open at depth. Microdiamond analysis returned modelled macrodiamond grades of between 20 to 40 carats per hundred tonnes ('cpht') though bulk sampling yielded lower grades (+1mm) of 7cpht and 13cpht using pan plant and DMS technology respectively.



In-house modelling of previous drilling over the pipe suggests a target of over 22 million tonnes to a depth of 300m, which, at the DMS generated grade of 13cpht, would suggest a target of 3 million carats; increasing to 6.5 million carats using the average microdiamond grade of 30cpht. However, investors should note that this is not an independent resource estimate or in accordance with the JORC Code.



In 2000, a parcel of 509 carats produced by the pan plant, which did not contain any large stones, was sold for US$157 per carat. The Company believes that there may be considerable upside on this diamond price and the same parcel could realistically be expected to achieve prices in excess of US$200 per carat in the current market.



Joint Venture Agreement

As announced on 9 December 2013, Stellar signed a joint venture agreement ("JVA") with local group Société;Tassiliman ("Tassilman") in relation to a licence to mine an area covering 1km which hosts the Baoulé kimberlite pipe (the "Licence"). Under the terms of the JVA, Stellar was entitled to earn a 75% interest in the JVA project once it had made expenditure of US$5 million. Stellar has now achieved this milestone of a 75% interest through a combination of expenditure by Stellar and vending into the project of plant and machinery. As a result, and in accordance with the JVA, a new joint venture company has now been created ("JV Co") and the Licence is being transferred from Tassiliman to JV Co. Stellar has the option to purchase the remaining 25% of JV Co at fair market value and with the agreement of the joint venture partners.



Ebola Update

Operations are continuing but under monitored conditions at Baoulé which is located in an area that has not yet had a case of the Ebola virus. The Company has been at the forefront of elevating awareness amongst the workforce and the surrounding local communities and civic leaders of the threat of Ebola and its prevention. Increased levels of sanitation and health screening have been established at the camp and project sites and will be rolled out to the homes of the Company's employees. Restrictions on staff travel are also implemented and a total ban on travel to the epicenters of the Ebola virus in Guinea is in place. The Company continues to monitor the situation very closely to ensure the continued well-being of all employees and that of the local communities.