Slide 1: Advancing the World's Largest Undeveloped Diamond Project
ADVANCING THE WORLD’S LARGEST UNDEVELOPED DIAMOND PROJECT AUGUST 2024 WWW.STARDIAMONDCORP.COM
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as "forward-looking statements"). Forward-looking statements are often, but not always, identified by the
Slide 3: Star Diamond – Reasons to Buy
STAR DIAMOND – REASONS TO BUY • Advancing the world’s largest undeveloped late-stage diamond project • Revised Mineral Resources Estimate July 2024 o Star & Orion South Indicated Resources: 72 million carats, 29% increase o No additional bulk sampling required on Orion South • Previous evaluation wo
Slide 4: Diamond Industry Outlook
DIAMOND INDUSTRY OUTLOOK HIGHLIGHTS • Near term forecast of gradual and cautious recovery of diamond price. • Declining production of natural rough – few discoveries. • EU and G7 sanctions mean there are major restrictions on selling Russian-origin diamonds in those nations’ markets. • Diamond trace
Slide 5: Star Diamond Is Advancing the World's Largest Undeveloped Diamond Project
STAR DIAMOND IS ADVANCING THE WORLD’S LARGEST UNDEVELOPED DIAMOND PROJECT STAR-ORION SOUTH PROJECTS • Location: Fort à La Corne, Saskatchewan, Canada • Large, long-life mine: 66 million carats over 38-year mine life (2018 PEA) • Attractive economics: $2.0 billion / 19% IRR (Base Case) with an initia
Slide 6: Star Diamond: Three Year Stock Price and Volume
STAR DIAMOND: THREE YEAR STOCK PRICE AND VOLUME IMPORTANT EVENTS Rio Tinto 75:25 Joint Venture Rio Tinto: Project on Care & Maintenance Star Diamond 100% Fort a la Corne 6
Slide 7: Star and Orion South Are Well-Advanced
STAR AND ORION SOUTH ARE WELL-ADVANCED EXTENSIVE EVALUATION AND PERMITTING COMPLETED • Diamond exploration began in 1995 • Bulk sampling programs conducted between 2003-2009 • 200 carats from Star bulk sample selected for cutting and polishing in 2007, proving high-quality polished diamonds could be
Slide 8: Star and Orion South Are Well-Advanced: Participation by Major Mining Companies
STAR AND ORION SOUTH ARE WELL-ADVANCED SIGNIFICANT PARTICIPATION BY MAJOR MINING COMPANIES Past Project Current Project Company Period Interest Interest 1994-2006 42.245% FALC-JV Acquired by Star 9.7% Equity, 2005 - Present 11.5% Equity 40% FALC-JV 2017 - Present 75% FALC-JV 19.3% Equity Star/Rio
Slide 9: What Makes the Fort à la Corne Kimberlites Special & Unique?
WHAT MAKES THE FORT À LA CORNE KIMBERLITES SPECIAL & UNIQUE? ONE OF THE COARSEST DIAMOND SIZE FREQUENCY DISTRIBUTIONS IN THE WORLD COMBINED WITH UNUSUALLY HIGH PROPORTION OF TYPE IIa DIAMONDS • Fort à la Corne Kimberlites include some 60 bodies, many of which contain diamonds STAR HAS AN UNUSUALLY C
Slide 10: Advantage of RTEC's Participation in the Fort à la Corne
ADVANTAGE OF RTEC’S PARTICIPATION IN THE FORT À LA CORNE Modern bulk sample plant RTEC PROJECT HIGHLIGHTS • RTEC drilled 10 holes in the Star kimberlite with the Trench Cutter (TC) rig and processed the 12,792 tonnes of kimberlite through a modern bulk sample plant that includes narrow range DMS, HP
Slide 11: Star Diamond Owns 100% of Claims Covering Fort à la Corne Kimberlites
STAR DIAMOND OWNS 100% OF CLAIMS COVERING FORT À LA CORNE KIMBERLITES PROJECT HIGHLIGHTS • Large, contiguous diamond bearing kimberlites hosting Fort à La Corne Forest SASKATCHEWAN FalC very attractive diamonds Kimberlite Field Star - Orion South • More than 60 additional kimberlites represent Diamo
Slide 12: Extensive Evaluation Completed to Date
EXTENSIVE EVALUATION COMPLETED TO DATE STAR AND ORION SOUTH KIMBERLITES - CORE, LARGE DIAMETER DRILLING (LDD) UNDERGROUND BULK SAMPLING AND TRENCH CUTTER SAMPLING CORE DRILLING LDD UNDERGROUND TRENCH CUTTER Delineation & Internal Structure Mini-Bulk Sampling Bulk Sampling High Precision Sampling 12
Slide 13: Resource Outline - Star & Orion South
RESOURCE OUTLINE - STAR & ORION SOUTH CORE, LDD, TRENCH CUTTER AND UNDERGROUND BULK SAMPLING UNDERGROUND BULK SAMPLING RESULTS LARGE DIAMETER DRILLING Kimberlite Dry Tonnes Number of Total Grade Largest Stone Kimberlite Total Holes Kimberlite (m) Unit Processed Stones Carats (cpht) (carats) Unit Car
Slide 14: Star & Orion South - Revised Mineral Resources Estimate (MRE)
STAR & ORION SOUTH - REVISED MINERAL RESOURCES ESTIMATE (MRE) STAR & ORION SOUTH COMBINED INDICATED MINERAL RESOURCES ESTIMATES 2015 & 2024 Total Grade Total Tonnes Grade Carats MRE Year Kimberlites Tonnes (cpht) Carats % Increase % Increase % Increase 2015 Star & Orion South 377,184,000 14.7 55,530
Slide 15: Preliminary Economic Assessment (2018)
PRELIMINARY ECONOMIC ASSESMENT (2018)* HIGH VALUE DEPOSIT PROJECTIONS SURFACE MINE ~66 MILLION PROJECT LIFE RECOVERY CARATS 38 YEARS BASE CASE NET PRESENT $2.0 BILLION IRR 19% VALUE (7%) AFTER TAX PAYBACK PERIOD 3.4 YEARS Weighted Average Grade Of LOM PLANT FEED 470 MILLION TONNES 14 Carats / 100 To
Slide 16: Future Mine Site Layout
FUTURE MINE SITE LAYOUT HIGHLIGHTS • Two open pits with a centralized processing plant • Star - Orion South Project located in southern area of Star Diamond properties • Shallower overburden on Orion South (100m) than Star (135m) • Mining Orion South first ensures better cashflow and quicker pay bac
Slide 17: High Value Diamonds
HIGH VALUE DIAMONDS HIGHLIGHTS STAR 4.77 CARAT IF $4,685/ct • Evaluation parcel recovered STAR 5.39 CARAT IF $2,728/ct US$22,362 to date includes these high ORION SOUTH 10.53 CARAT US$14,721 value diamonds Fancy Yellow $8,300/ct US$87,348 • High value diamonds include internally flawless ORION SOUTH
Slide 18: Type IIa Diamonds
TYPE IIa DIAMONDS WHAT MAKES TYPE IIa DIAMONDS UNIQUE? Star and Orion South Kimberlites - Type IIa Diamond Statistics (Diamonds +11 DTC (0.32 carats) to >10.8 carats) • TYPE IIa DIAMONDS: Kimberlite Geological Diamonds Type IIa • Contain no nitrogen or boron impurities Unit Unit Typed Diamonds • Usu
Slide 19: Future Opportunity at Orion North
FUTURE OPPORTUNITY AT ORION NORTH ORION NORTH HIGHLIGHTS ORION NORTH KIMBERLITES • Over 500 million tonnes of diamond bearing kimberlite • Coarse diamond size frequency distribution • Anomalously high proportion (52%) of Type IIa diamonds in K148 • Potential target for future Trench Cutter bulk samp
Slide 20: The Way Forward on Star & Orion South
THE WAY FORWARD ON STAR & ORION SOUTH WHATS NEXT FOR STAR & ORION SOUTH? • Since April 2023 Star has actively worked toward reducing risk from the diamond price estimate on Orion South. This work aims to eliminate the requirement of additional bulk sampling on Orion South • Star aims to publish a re
Slide 21: Low Carbon Footprint for Future Diamond Mine
LOW CARBON FOOTRPINT FOR FUTURE DIAMOND MINE CARBON CAPTURE OPPORTUNITY • ELECTRICALLY POWERED MINING AND PROCESSING: • Our proximity (20km) to the Saskatchewan power grid enables a future mine to exclusively use electric-powered equipment in all mining and processing activities. This significantly
Slide 22: Community Engagement
COMMUNITY ENGAGEMENT WORKING TOWARDS PARTNERSHIPS WITH THE INDIGENOUS AND LOCAL COMMMUNITES • Cultivated a strong partnership with the indigenous communities during operational years, emphasizing mutual respect and cooperation. • Launched the “Kīwētin” diamond brand, meaning ‘North Wind’ in the Cree
Slide 23: Buffalo Hills Diamond Project Alberta
BUFFALO HILLS DIAMOND PROJECT ALBERTA GEOLOGY HIGHLIGHTS • 100% Star Diamond Corporation. • Road accessible, near surface kimberlites with prospective diamond populations. • Exploration commenced in 1996. • 38 kimberlites, of which 26 are diamond bearing, represent exploration upside potential. Prio
Slide 24: Buffalo Hills Diamond Project: Attractive Diamonds
BUFFALO HILLS DIAMOND PROJECT: ATTRACTIVE DIAMONDS HIGHLIGHTS: Diamonds from these kimberlites exhibit good quality, colour and very low to no fluorescence. All the parcels of diamonds appear to be statistically very similar in terms of their graded characteristics % Gem % White Faint to no Average
Slide 25: Experienced Management and Technical Team
EXPERIENCED MANAGEMENT AND TECHNICAL TEAM OVER 100 YEARS OF COMBINED EXPERIENCE Ewan Mason Rick Johnson CPA CEO and Chairman Chief Financial Officer Extensive background in mining investment Mr. Johnson has over 25 years of experience in banks and numerous mining and exploration finance, accounting,
Slide 26: Contacts
CONTACTS Head Office: 600, 224 - 4th Avenue South Saskatoon, Saskatchewan Canada S7K 5M5 Tel: +1 (306) 664-2202 Fax: +1 (306) 664-7181 stardiamondcorp.com @StarDiamondCorp Star Diamond Corp