03:46 PM EST - Stornoway Diamond Corporation : Announced that processing of ore has commenced at the Renard Diamond Project. This marks the beginning of a processing ramp-up designed to achieve 100% of plant nameplate capacity (2.16M tonnes/annum at 78% plant utilization) within nine months. Commercial production at Renard is defined as the maintenance of ore processing for 30 days at 60% of nameplate capacity. As of July 13, a total of 1,002,888 tonnes of ore had been stockpiled, sufficient to commence and maintain the planned ramp-up. Initial production is based on ore sourced directly from the Renard 2-Renard 3 open pit and supplemented from the stockpile as required. Stornoway Diamond Corporation
shares T.SWY are trading up $0.06 at $1.03.
