Stellar provides an operational update from trial mining at its 75% owned, five hectare Baoulé kimberlite pipe in Guinea. Accordingly, 11,808 carats recovered at an average grade of 11.4cpht at a +1.25mm cut off & Over 8,400 carats sold to date in three diamond sales realising over US$1 million in revenues.
Gem diamonds of high quality is achieving prices of up to US$6,800 per carat. Diamond value and grade modelling under way as part of establishing the diamond resource targeting ~3 million carats.
Stellar Chief Executive commented: “The trial mining exercise at Baoulé has been successfully completed, ahead of schedule, through the processing of over 100,000 tonnes of kimberlite from the eastern and western lobes of the 5 hectare pipe.
A total of 929 stones greater than 1 carat have been yielded including numerous high value gem and fancy coloured (yellow) diamonds.”