Stellar Diamonds, a company focused on West Africa, has processed 1,482 dry tonnes of kimberlite (rock known to sometimes contain diamonds) from six separate bulk sample pits during the phase-2 bulk sampling programme in Guinea. A total of 1,477 carats were recovered for an average diluted grade of 100 carats per hundred tons. Four diamonds greater than 10.8 carats and 43 diamonds greater than two carats were recovered during the programme; however two large diamonds that were estimated at 67 and 49 carats were broken during processing.
Gold miner Triple Plate Junction has said that it is awaiting drilling results from its partner, Newcrest, from the first four of the six hole drilling programme at the Kisi prospect at its Manus Island project. The results have been delayed due to unexpected large volumes being tested at the laboratory used, but are due in the near future. Drilling is now under way at the Aria prospect, with the results expected in the fourth quarter of the calendar year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Will “Liberation Day” strike again?Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with IranDonald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran
