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Star Diamond Corp.
Summary
| Project: | Star-Orion South | |
|---|---|---|
| Deposit: | Star-Orion South | |
| Location: | Canada | |
| Commodities: | Diamonds | |
| Date: | 4/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-4-2018: Star Diamond Corp. announces a PEA report for its Star-Orion South deposit at the Star-Orion South project. PEA results incl. post-tax NPV of US$ 2.0B (7%), IRR of 19% and 34yr LOM. Star Diamond Corporation (“Star Diamond” or the “Corporation”) | |
| Resources: | (Resource): 193Mt @ 15cpht (Ind.), 56.949Mt @ 11cpht (Inf.) at Star | |
| CP/QP: | [Overall Report]: Douglas Roy (SGS Canada Inc.) | |
| ABSTRACT: | Star Diamond Corporation (“Star Diamond” or the “Corporation”), is pleased to announce the positive results of the independent Preliminary Economic Assessment (“PEA”) on the Star and Orion South Kimberlites (the “Star - Orion South Diamond Project”, or “Project”), situated in the Fort à la Corne diamond district of central Saskatchewan, Canada, on mineral dispositions held 100% by Star Diamond. The PEA estimates that 66 million carats of diamonds could be recovered in a surface mine over a 38-year Project life, with a Net Present Value (“NPV”) (7%) of $2.0 billion after tax, an Internal Rate of Return (“IRR”) of 19% and an after-tax payback period of 3.4 years after the commencement of diamond production. The PEA was led by independent mining, processing and design consultants, with support from the Star Diamond technical team. The principal consultants include: SGS Canada Inc. - Geostat (“SGS”); DRA Americas Inc. (“DRA”) and ENGCOMP Engineering and Computing Professionals Inc. (“ENGCOMP”). A number of other independent consulting firms and potential vendors also provided their study results to Star Diamond for use in developing the PEA. All currency amounts are quoted in Canadian Dollars, unless otherwise stated. President and CEO, Kenneth MacNeill, states: “The Corporation is very pleased with the positive results of the PEA. On the shoulders of more detailed drilling and the Revised Resource Estimate of 2015, the Corporation has taken a fresh look at the Project and has refined the mining and processing plans with exciting and positive results. The PEA describes a lean, profitable, industry-leading plan. The Corporation’s Management and Directors acknowledge the extensive and diligent work that has been performed by Star Diamond’s technical 2 team and associated consultants to reach this important milestone in the evaluation of the Star and Orion South Kimberlites.” | |
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