Stellar Diamonds PLC Change of Registered Address (5294N)
August 09 2017 - 5:03AM
UK Regulatory
TIDMSTEL
RNS Number : 5294N
Stellar Diamonds PLC
09 August 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
9 August 2017
AIM: STEL
Stellar Diamonds plc
("Stellar" or the "Company")
Change of Registered Address
Stellar Diamonds plc (AIM: STEL) announces that the Company's
registered address has changed to 40 Bloomsbury Way, Lower Ground
Floor, London, WC1A 2SE and the Company's telephone number has
changed to +44 (0) 20 7164 6371 with immediate effect.
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%
** ENDS **
For further information contact the following or visit the
Company's website at www.stellar-diamonds.com.
Karl Smithson, Stellar Diamonds plc Tel: +44 (0) 20
CEO Stellar Diamonds plc 7164 6371
Philip Knowles, Tel: +44 (0) 20
CFO 7164 6371
Emma Earl Cairn Financial Advisers Tel: +44 (0) 20
Sandy Jamieson (Nominated Adviser) 7213 0880
Jon Bellis Beaufort Securities Tel: +44 (0) 20
Limited (Joint Broker) 7382 8300
Martin Lampshire Peterhouse Corporate Tel: +44 (0) 20
Finance (Joint Broker) 7469 0930
Rory Scott Mirabaud Securities
(Financial Advisers) Tel: +44 (0) 20
7878 3360
Tim Blythe Blytheweigh Tel: +44 (0) 20
Nick Elwes (Financial PR) 7138 3204
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGUGURUPMGUB
(END) Dow Jones Newswires
August 09, 2017 06:03 ET (10:03 GMT)
Stellar Diamonds (LSE:STEL)
Historical Stock Chart
From Apr 2024 to May 2024
Stellar Diamonds (LSE:STEL)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Stellar Diamond (London Stock Exchange): 0 recent articles
More Stellar Diamond News Articles