The Company has a portfolio of projects in West Africa. Two projects in Guinea are in production, Mandala and Bomboko, which provide robust cash flow to Stellar.
Mandala has produced over 78,000 carats whereas Bomboko has produced over 4,000 carats (to 28 June 2010), generating over $2.7 million in revenue. Both production projects are currenly undergoing expansion programmes that will increase monthly carat production and revenues to the Company.
Stellar also owns rights over four high-grade kimberlites that are the focus of further development. In Sierra Leone the Tongo and Kono projects comprise a series of kimberlite dykes, with the Kono project having produced 4,200 carats of diamonds through underground trial mining. In Guinea the Droujba kimberlite pipe and the Bouro kimberlite dykes are located in proximity to the Mandala mine and demonstrate grades of up to 500cpht and 200cpht respectively.
