Five Star Diamonds Limited: Catalao Diamond Project Update

Gem Investing

Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on recent activities in Brazil. As quoted in the press release: Highlights Successful completion of the pilot mining and processing programme at the Catalao Diamond Project. This has highlighted the potential for a commercial operation within …

Five Star Diamonds Limited (TSXV:STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on recent activities in Brazil.
As quoted in the press release:

Highlights

  • Successful completion of the pilot mining and processing programme at the Catalao Diamond Project.

  • This has highlighted the potential for a commercial operation within the oxide zones of the Cat1A, Cat1B and Cat1C kimberlite pipes.

  • World renowned diamond processing group, ADP Group (www.adpgroup.com), has now been appointed to complete design work and construction of the oxide commercialization project.

  • The oxide commercial plant is largely now on site and in the final design and pre construction phase. Approximately 80% of capital expenditure has been completed.

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