Stellar Diamonds Update


 

TIDMAAAM TIDMSTEL 
 
RNS Number : 4583H 
African Aura Mining Inc. 
22 February 2010 
 

 
 
 
 
 
22 February 2010 
 
TSX-V:  AUR 
AIM:     AAAM 
 
 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
                            African Aura Mining Inc 
 
                    ADMISSION TO AIM OF STELLAR DIAMONDS PLC 
 
February 22, 2010, African Aura Mining Inc. ("African Aura" or the "Company") 
the TSX-V (AUR) and AIM (AAAM) listed exploration to production company focused 
on gold and iron ore in sub-Saharan Africa, is pleased to note the following 
announcement made by Stellar Diamonds plc ("Stellar") with regards to its 
admission to the AIM market of the London Stock Exchange and the first day of 
dealings in its ordinary shares under the ticker symbol STEL. Prior to the 
transaction, African Aura held a 58.5% interest in Stellar and following 
admission of the enlarged share capital African Aura will have a 31.8% interest 
in Stellar. 
 
Luis da Silva, CEO of African Aura commented: 
"Today marks a significant milestone for both companies.  We are delighted that 
Stellar will be increasingly autonomous with a fresh cash injection of GBP5m to 
deliver on its growth strategy. African Aura firmly believes Stellar has the 
potential to become a leading diamond producer and explorer in Africa. For 
African Aura the listing crystallises value and evidences our solid strategy to 
create value for our shareholders". 
 
About Stellar Diamonds 
Stellar Diamonds plc is a newly listed diamond production and development 
company that was formed from the merger of Stellar Diamonds Limited and West 
African Diamonds plc. Stellar has a portfolio of projects in West Africa. Two 
projects in Guinea are in production, Mandala and Bomboko, which provide robust 
cash flow. At the time of the merger, Mandala had produced over 53,000 carats 
and Bomboko had produced over 2,000 carats, with both projects currently 
undergoing expansion programmes. 
 
Stellar also owns rights over four high-grade kimberlites that are the focus of 
further development. In Sierra Leone the Tongo and Kono projects comprise a 
series of kimberlite dykes, with the Kono project having produced 4,200 carats 
of diamonds through underground trial mining with Joint Venture partner Petra 
Diamonds. In Guinea the Droujba kimberlite pipe and the Bouro kimberlite dykes 
are located in proximity to the Mandala mine and demonstrate grades of up to 
500cpht and 200cpht respectively. 
 
RBC Capital Markets is the nominated adviser and broker to Stellar. On 
Admission, Stellar has 96,581,432 ordinary shares in issue and a market 
capitalisation of approximately GBP19 million. 
 
Copies of the Admission Document are available on the African Aura website: 
www.african-aura.com and on Stellar's website www.stellar-diamonds.com. 
 
About African Aura Mining Inc. 
African Aura is an established African exploration and development company 
listed on the TSX-V (AUR) and London's AIM (AAAM). African Aura is focused on 
the development of world-class gold and iron ore deposits in highly prospective, 
under explored countries of sub-Saharan Africa. The Company has a highly 
motivated and experienced team with a record of discovering mines and taking 
projects through development and into production in Africa. 
 
African Aura's assets include the New Liberty gold deposit and the Putu iron ore 
project, both in Liberia. Putu is being explored and operated by the Company's 
Joint Venture partner, Severstal Resources (the mining division of OAO 
Severstal).  A pioneer in Africa, African Aura has attracted some excellent 
strategic partners and shareholders always with the objective of preserving or 
enhancing shareholder value. For further information on the Company you are 
invited to visit its website at www.african-aura.com, or SEDAR's website at 
www.sedar.com, or contact the individuals below. 
 
 
Enquiries: 
 
 
African Aura Mining Inc. 
Luis da Silva, President & CEO                                             Tel: 
+44 (0) 20 7299 4212 
 
Stellar Diamonds Ltd. 
Karl Smithson, CEO 
Tel:  +44 (0) 77 837 07971 
 
Evolution Securities Limited 
Simon Edwards / Chris Sim / Neil Elliot                                 Tel: 
+44 (0) 20 7071 4300 
 
Pelham Bell Pottinger 
Charles Vivian / James MacFarlane                                       Tel: 
+44 (0) 20 7337 1500 
 
Forward-looking Statements 
This press release includes certain forward-looking statements. All statements, 
other than statements of historical fact, included herein, including without 
limitation, statements regarding the future plans and objectives of African 
Aura, are forward-looking statements that involve various known and unknown 
risks and uncertainties as well as other factors. Such forward-looking 
statements are subject to a number of risks and uncertainties that may cause 
actual results or events to differ materially from current expectations, 
including delays in obtaining or failure to obtain required regulatory 
approvals. There can be no assurance that such statements will prove to be 
accurate and actual results and future events could differ materially from those 
anticipated in such statements. Any forward-looking statements speak only as of 
the date hereof and, except as may be required by applicable law, African Aura 
disclaim any obligation to update or modify such forward-looking statements, 
either as a result of new information, future events or for any other reason. 
 
 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
      term is defined in the policies of the TSX Venture Exchange) accept 
          responsibility for the adequacy or accuracy of this release. 
 
Ends 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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