Stellar Diamonds Strategic and Operational Update

Stellar Diamonds (AIM:STEL) announced it has decided to accelerate its hard rock kimberlite projects in West Africa.

The press release is quoted as saying:

In light of the strong rebound in diamond prices as evidenced by the record diamond prices achieved from the recent sale of a parcel of diamonds from the Company’s Bomboko project, as well as those achieved by other diamond producers, the Board of Stellar has decided that substantial value may be created by focusing the Company’s human and other resources on fast tracking the development of its hard rock kimberlite portfolio.

To read the full press release, click here.