Canadian Diamond Play Cafi Message Board

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Gold/Mining/Energy : Canadian Diamond Play Cafi

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From: Breccia	6/30/2022 4:13:54 PM
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2022-06-28 17:34 ET - News Release ORION SOUTH DIAMOND PROJECT.......... Is this the final end?! Star Diamond Corp. has noted that at a meeting of the Fort a la Corne joint venture management committee held earlier today, Rio Tinto Exploration Canada Inc. exercised its voting power to place the Star-Orion South diamond project on care and maintenance through Dec. 31, 2022. As part of this, Rio Tinto has advised that, subject to fulfilling its existing obligations, it does not intend to commit additional capital to the project during 2022 beyond what is necessary for care and maintenance. Rio Tinto intends to conduct a near-term review of its alternatives regarding the project, including its potential exit.

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