Stellar Diamonds plc (LSE:STEL) announced that it’s received a letter of approval from the Environmental Protection Agency (EPA). The letter is regarding the Environmental, Social and Health Impact Assessment (ESHIA) for the company’s mining licence application for the Tongo Dyke-1 project, located in Sierra Leone.

Karl Smithson, chief executive at Stellar Diamonds, commented:

The approval of our ESHIA marks another key step in the process of obtaining the mining and environmental licences that will allow for the development of the 1.45 million carat diamond resource at Tongo Dyke-1, one of four kimberlite dykes at our Tongo project. We will now schedule a meeting with the EPA to discuss and agree on the fee relating to the issuing of the environmental licence.

We have also recently successfully concluded the surface rental agreement with the landowners and other key stakeholders and this will now be incorporated in to a legally binding agreement.

I look forward to updating shareholders in due course on progress relating to the mining licence application which awaits consideration by the Minerals Advisory Board as we continue to progress the development of this high-grade, high-value diamond resource.

Click here to read the full Stellar Diamonds plc (LSE:STEL) press release.

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