DIAMOND EXPLORATIONMetallic minerals

Buffalo Head Hills diamonds

Star Diamond · 38 kimberlites, 26 diamondiferous; K252 55 cpht

100 % acquired July 2024; bulk sample planned.

RESOURCE CONTEXT

51 kimberlites; Buffalo Head Hills 26–28 diamondiferous; K252 0.55 ct/t (22.8 t sample)

Fifty-one kimberlites, twenty-six diamondiferous, grades of 6–55 carats per hundred tonnes — intriguing but sub-economic so far.

Official reserve statements for this commodity (1)

  • Buffalo Head Hills — 26 diamondiferous kimberlites (K252 0.55 ct/t)26 diamondiferous pipes · Resource estimate · 2024Star Diamond / AER ↗

GEOLOGICAL SETTING

Prospectivity envelopes for Diamonds

  • Buffalo Head Hills kimberlite fieldFavourable
    Late Cretaceous kimberlite pipes (38 known) intruding the Buffalo Head terrane
  • Birch Mountains & Mountain Lake kimberlitesPermissive, under-explored
    Kimberlite / ultramafic pipes with sub-economic grades

Development regime

Tenure
Metallic & Industrial Minerals Tenure Regulation (AR 265/2022): permit — exclusive exploration right, indefinite term, no rent, $625 fee, assessment work $7/ha (first 2 years) → $13 → $20/ha; lease — 15-year initial + 15-year intermediate term, indefinite while producing, $3.50/ha rent.
Royalty
Metallic minerals: 1 % of mine-mouth revenue pre-payout; post-payout the greater of 1 % mine-mouth or 12 % of net revenue (AR 350/93 s.4). Diamonds are treated as metallic minerals; Canterra retains a 1 % royalty on Buffalo Hills.

DATASETS TO STACK HERE

Public layers that cover this site

NEARBY OPERATIONS

Within reach