Renard diamond mine expansion, Canada
Name of the Project
Renard diamond mine expansion.
Location
Quebec, Canada.
Client
Stornoway Diamonds.
Project Description
Renard diamond mine transitioned to underground mining in 2018.
Stornoway is investigating the potential for openpit mining at the Renard 4 and nearby Renard 9 kimberlites to supply additional ore feed earlier in the diamond mine’s life.
Such a pit would allow for the extraction of a portion, or all, of the estimated two-million carats of diamonds in the top 140 m of Renard 4.
These diamonds are contained within the project’s indicated mineral resources, but are outside the current mineral reserve as they occur in the area of the proposed crown pillar for the Renard 4 underground mine.
An openpit would require a water retention structure within the Lagopède Lake. If successful, the openpit will enable Stornoway to take advantage of the expanded plant processing capacity offered to the new ore-sorting circuit.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
Not stated.
Duration
Not stated.
Latest Developments
The results of the current sampling programme at the mine will be used to support an economic assessment for the development of a Renard 4-Renard 9 openpit.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Stornoway Diamonds manager – investor relations and business development
Alexandre Burelle, tel +1450616 5555 or email aburelle@stornowaydiamonds.com.
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