Stellar to enter into tribute mining agreement with Octea

February 20, 2017

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Stellar Diamonds has terminated discussions with Octea Mining around the acquisition of the Tonguma kimberlite diamond project, in eastern Sierra Leone. Instead, Stellar and Octea intend to enter into a tribute mining agreement, which will allow Stellar to fund and mine the Tonguma licence area, alongside its own Tongo project, and process and sell any diamonds mined from these concessions, in return for paying Octea 10% of the gross sales revenue.

Category: General