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Stellar Diamonds boss on potential upside at Tongo project

Karl Smithson, chief executive of Stellar Diamonds (LON:STEL), discusses the potential upside at the firm’s Tongo kimberlite diamond project in Sierra Leone.

The CEO was speaking to Proactive after an independent study by Paradigm Project Management indicated that development of the Tongo 1 kimberlite dyke - by both surface and underground mining -  could produce a total of 956,000 carats of diamonds over an 18 year mine life.

Next steps for the business include securing an environmental licence and mining licence.

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