STAR ‐ Orion South Diamond Project Technical Report of Preliminary Economic Assessment Filed ON SEDAR
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NEWS RELEASE May 30, 2018
TSX: DIAM Saskatoon, Saskatchewan
STAR ‐ ORION SOUTH DIAMOND PROJECT
TECHNICAL REPORT OF PRELIMINARY ECONOMIC ASSESSMENT FILED ON SEDAR
Star Diamond Corporation (“Star Diamond” or the “Corporation”), is pleased to announce that the Technical
Report of the independent Preliminary Economic Assessment (“PEA”) on the Star and Orion South Kimberlites
(the “Star ‐ Orion South Diamond Project”, or “Project”) (see News Release dated April 16, 2018) has been filed
on SEDAR (www.sedar.com). The Technical Report will also be filed on the Corporation’s website
(www.stardiamondcorp.com). The Star and Orion South Kimberlites are situated in the Fort à la Corne
diamond district of central Saskatchewan, Canada, on mineral dispositions held 100% by Star Diamond. The
PEA estimates that 66 million carats of diamonds could be recovered in a surface mine over a 38‐year Project
life, with a Net Present Value (“NPV”) (7%) of $2.0 billion after tax, an Internal Rate of Return (“IRR”) of 19%
and an after‐tax payback period of 3.4 years after the commencement of diamond production.
The PEA was led by independent mining, processing and design consultants, with support from the Star
Diamond technical team. The principal consultants include: SGS Canada Inc. ‐ Geostat (“SGS”); DRA Americas
Inc. (“DRA”), CSA Global Geosciences Canada Ltd (“CSA”) and ENGCOMP Engineering and Computing
Professionals Inc. (“ENGCOMP”). A number of other independent consulting firms and potential vendors also
provided their study results to Star Diamond for use in developing the PEA.
The PEA was authored by the following independent qualified people: W. Douglas Roy, Senior Associate
Mining Engineer for SGS, a registered Professional Engineer in the Province of Nova Scotia; Daniel Leroux,
Global Business Manager – Geological and Mining Services for SGS, a registered Professional Geoscientist in
the Provinces of Ontario and Saskatchewan; Lehman van Niekerk, Senior Process Engineer, DRA Projects SA
(Pty) Ltd, a registered Professional Engineer with the Engineering Council of South Africa and member of The
Southern African Institute of Mining and Metallurgy; Geoffrey Wilkie, Senior Cost Consultant ENGCOMP, a
registered Professional Engineer in the Province of Saskatchewan, and Leon McGarry, Senior Resource
Geologist, CSA Global Geosciences Canada Ltd, a registered Professional Geoscientist in the Province of
Ontario and Saskatchewan.
About Star Diamond Corporation
Star Diamond Corporation is a Canadian based corporation engaged in the acquisition, exploration and
development of mineral properties. Shares of the Corporation trade on the TSX Exchange under the trading
symbol “DIAM”. The Corporation’s Star ‐ Orion South Diamond Project is located in central Saskatchewan some
60 kilometres east of the city of Prince Albert. The Project is in close proximity to established infrastructure,
including paved highways and the electrical power grid, which provide significant advantages for future mine
development.
All technical information in this press release has been prepared under the supervision of George Read, Senior
Vice‐President of Exploration and Development, a registered Professional Geoscientist in the Provinces of
Saskatchewan and British Columbia; Mark Shimell, Project Manager, a registered Professional Geoscientist in
the Province of Saskatchewan; and William van Breugel, Mine Project Engineer, a registered Professional
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Engineer in the Province of Saskatchewan, who are the Corporation’s “Qualified Persons” under the definition
of NI 43‐101.
Star Diamond commissioned the PEA and related Technical Report for the Star and Orion South Kimberlites
and, as such, the PEA and Technical Report are the sole responsibility of the Corporation. The PEA is based on
exploration and evaluation work conducted up to and including March 2017.
Caution Regarding Forward‐Looking Statements
This news release contains forward‐looking statements as defined by certain securities laws, including the "safe harbour"
provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995.
Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "believe",
"expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate",
"predict" or similar words suggesting future outcomes or language suggesting an outlook. In particular, statements
regarding the Corporation's future operations, future exploration and development activities or other development plans
constitute forward‐looking statements. By their nature, statements referring to mineral reserves, mineral resources, PEA
or TFFE constitute forward‐looking statements.
Forward‐looking statements in this press release include, but are not limited to, disclosure regarding the economics and
project parameters presented in the PEA, including, without limitation, IRR, NPV and other costs and economic
information, carats of diamonds to be recovered, pre‐tax payback period, tonnes of kimberlite to be mined, carats per
tonne to be recovered (grade), diamond prices, life of mine, capital costs, length of pre‐production period and all data in
Tables 1 through 6, possible events, conditions or financial performance that is based on assumptions about future
economic conditions and courses of action; the timing and costs of future development and exploration activities on the
Corporation's projects; success of development and exploration activities; permitting time lines and requirements; time
lines for further studies; planned exploration and development of properties and the results thereof; and planned
expenditures and budgets and the execution thereof as well as statements with respect to the Corporation’s objectives
for the ensuing year.
These forward‐looking statements are based on the Corporation's current beliefs as well as assumptions made by and
information currently available to it and involve inherent risks and uncertainties, both general and specific.
Risks exist that forward‐looking statements will not be achieved due to a number of factors including, but not limited to,
developments in world diamond markets, changes in diamond prices, risks relating to fluctuations in the Canadian dollar
and other currencies relative to the US dollar, changes in exploration, development or mining plans due to exploration
results and changing budget priorities of the Corporation or its partners, the effects of competition in the markets in
which the Corporation operates, the impact of changes in the laws and regulations regulating mining exploration,
development, closure, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the
additional risks described in the Corporation's most recently filed Annual Information Form, annual and interim MD&A.
The Corporation's anticipation of and success in managing the foregoing risks could cause actual results to differ
materially from what is anticipated in such forward‐looking statements.
Although management considers the assumptions contained in forward‐looking statements to be reasonable based on
information currently available to it, those assumptions may prove to be incorrect. When making decisions with respect
to the Corporation, investors and others should not place undue reliance on these statements and should carefully
consider the foregoing factors and other uncertainties and potential events. Unless required by applicable securities law,
the Corporation does not undertake to update any forward‐looking statement that is made herein.
For further information: [email protected] or (306) 664‐2202
www.stardiamondcorp.com
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