Stornoway Diamond Corp. (TSX: SWY) has added three extra years of production to its Renard project, which will become Quebec’s first-ever diamond mine when commercial production kicks off in December.
Just six months before the first ore is scheduled to be processed at the end of September, Stornoway has come out with a new mine plan that incorporates revisions to mineral resource estimates completed in 2013 and 2015.
Management says the mine update captures opportunities that have developed in the schedule, operating profile and processing capacity at the project, 350 km north of Chibougamau in the James Bay region of Quebec.
Under the new plan, the mine life has been extended from 11 to 14 years based on a 25% increase in probable reserves, which have grown from 17.9 million carats (23.8 million averaging 0.75 ct/t) to 22.3 million carats (33.4 million tonnes averaging 0.67 ct/t).
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