FALC and the BH Project-future possible mine development

 

Star Diamonds has 100% interest in two projects evaluating the resources  

Star Diamond Corporation reports that unaudited financial results for the quarter ended June 30, 2025, will be filed on SEDAR+. In the Overview, the report said, Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources.  

Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development.

The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the BH Project) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.  

Fort à la Corne mineral properties- the Company currently holds a 100% interest in certain Fort à la Corne kimberlites (Star Diamond Corporation completes acquisition of Rio Tinto's 75% interest in Fort à la Corne Joint Venture) including the Star and Orion South Kimberlites.  

The FALC mineral properties are located in the Fort à la Corne Provincial Forest, 60 km east of Prince Albert, Saskatchewan. Highway 55, located to the north of the Project, connects Prince Albert with several towns located directly north of FALC to the town of Nipawin, east of FALC. Highway 6 runs north south and is located to the east of FALC. Recent activities relating to the Star - Orion South Diamond Project and Fort à la Corne mineral properties.

The Revised Mineral Resources estimate (see July 24, 2024 news release: Star – Orion South Diamond Project Revised Mineral Resources Estimate) will now be incorporated into a re-optimized open pit mine plan for the Project, which will include a re-evaluation of Mineral Reserves and an economic assessment based thereon. 

It is anticipated that this work will be completed during 2025-26 and will result in an updated Pre-feasibility Study including a revised statement of Mineral Reserves for the Project, if warranted, and an economic assessment based thereon.  

Buffalo Hills mineral properties-the Company holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills (BH) Project. Located approximately 400 kilometres northwest of Edmonton, Alberta, Canada, the BH Project includes 21 mineral leases covering 4,800 hectares and is a significant and accessible field of diamond-bearing kimberlites, with similarities to the Company's Fort á la Corne kimberlites.  

The BH Project is located in the Buffalo Hills Kimberlite District, which contains at least 38 individual kimberlite bodies, of which 26 kimberlites are diamond-bearing and a number of which outcrop at surface. Exploration on these kimberlites started in 1996, and small parcels of diamonds have been collected from various exploration programs on many of those considered most prospective.