Rio Tinto Canada has informed Star Diamond that it intends to submit an additional program and budget to the "FalCon Project Joint Venture Management Committee" of the Fort a la Corne project (the "JVMC") for the period commencing May 31, 2022. Star Diamond will be reviewing materials relating to these topic areas with Rio Tinto Canada as the Company collaborates on 2022 programs and the budget to be approved by the JVMC.
Star Diamond, in concert with a number of external consultants, is also in the process of completing a diamond breakage study.
Rio Tinto Canada has indicated to the Company that a number of desktop studies have been undertaken to evaluate the mineability and economic viability of the Project (see News Release dated February 17, 2022). Star Diamond recently received presentations from both Rio Tinto Canada and Rio Tinto personnel concerning data analysis and exploration activities that have been underway by Rio Tinto Canada over the last two years (see News Release dated March 9, 2022). Topics of interest covered during these technical meetings included: 1) Star Kimberlite trench cutter bulk sampling program results, 2) Diamond size and quality analysis, 3) 'Orbit' project update, 4) Mineability study, 5) Geological model and resource update, 6) Community and stakeholder engagement, 7) Environmental and permitting and, 8) Green energy and carbon mineralization.
STAR DIAMOND CORPORATION ANNOUNCES 2021 YEAR END RESULTS (newswire.ca)
DIAM - Financial Results (stardiamondcorp.com)