Star Diamonds to update Star-Orion PFS
As Star Diamonds takes the reins in full ownership of the Fort à la Corne joint venture (JV), the company’s technical team is once again focused on the technical investigation and evaluation of the Star-Orion diamond project, in Saskatchewan.
The renewed focus on the technical investigation marks a crucial phase of Star Diamonds, which is preparing a revised mineral resource estimate (MRE) for the Star-Orion project.
This updated estimate will serve as a cornerstone for a prefeasibility study (PFS) on which a production decision can be based.
“The revised MRE will potentially provide an improved foundation on which a well-constrained updated PFS can be built,” commented senior VP corporate development George Read.
The 2018 preliminary economic assessment demonstrated that it is economically efficient to mine the Orion South kimberlite first. However, Orion South has a significantly smaller evaluation diamond parcel than Star, adding some risk to the diamond price estimate for Orion South. Star Diamond believes there is opportunity to mitigate the risk in the Orion South diamond price estimate, without the necessity of additional bulk sampling to obtain a larger diamond evaluation parcel.
The scoping of an updated PFS will start in early 2024.
Read said that an estimated C$3-million in flow-through funding was required for 2024 to cover the revised resource estimate, the technical team expenses, scoping of the PFS, overall site management and environmental compliance. An additional financing of at least C$3-million to C$5-million would be needed to cover the costs of the updated engineering work required by the PFS in the latter part of 2024 and early 2025.
Star Diamonds announced last week that it would buy Rio Tinto’s 75% interest in the JV.
Comments
Research Reports
Projects
Latest News
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
