Stellar Diamonds Publishes Scoping Study on Tongo and Droujba Diamond Projects
Stellar Diamonds recently published its conceptual economic scoping studies on the Tongo and Droujba kimberlite diamond projects in Sierra Leone and Guinea.
Luckily for Stellar Diamonds, drilling in bulk at Tongoís dyke-1 over the last year and a half has delivered almost 1,074,000 carats at a grade of 120 per hundred tonnes. The average modeled diamond valued at $248 per carat, and at this grade and value, the kimberlite diamond was valued at over $290 per tonne.
Stellarís directors used the Paradigmís Project Management model to increase the life of mines in Sierra Leone, adding an extra 1,051,000 carats of existing carats in resources. This resulted in an overall revenue increase of almost $413 million, and a net value attributable to Tongo of $53 million, helping the areaís economical standpoint.
Tongo will continue to be used as a study site for Stellar diamond, according to Karl Smithson, who says the Droujba project will continued to be placed on hold for care and maintenance while the company finishes up its feasibility study in Tongo.
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