Stellar Diamonds plc (AIM: STEL), the London listed diamond development company focused on the Tongo kimberlite development project (“Tongo”) in Sierra Leone, announces the award of the Tongo Environmental Licence from the Environmental Protection Agency (“EPA”) of the Government of Sierra Leone. It is now expected that the National Minerals Agency will draw up the Tongo Mining Licence for consideration and signature by the Minister of Mines and Mineral Resources.
Chief Executive Karl Smithson commented:
“The receipt of the Environmental Licence marks an important milestone in the proposed development of the Tongo deposit into commercial production. The next milestone will be the drafting of the Tongo Mining Licence. Tongo forms part of the proposed 4.5 million carat combined Tongo-Tonguma mine development which has the potential to be the second largest hard rock diamond mine in West Africa and have one of the highest $/t kimberlite ore values globally. We look forward to providing a further update in due course.”
For further information contact the following or visit the Company‘s website at www.stellar-diamonds.com.
