- CEO
- Jean-Raymond Boulle
- Full Time Employees
- 6
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 600, 224 - 4th Avenue South Saskatoon SK Canada S7K 5M5
- IPO Date
- Feb 10, 1987
- Business
- Star Diamond Corporation is a Canadian natural resource company engaged in the acquisition, exploration, and development of diamond properties. The company’s primary assets include a 100% interest in the Fort à la Corne Project located in central Saskatchewan, Canada, which encompasses the Star and Orion South kimberlites, among the largest undeveloped diamond deposits globally. These kimberlite deposits benefit from proximity to existing infrastructure such as paved highways and the electrical power grid, providing strategic advantages for potential future mine development. Star Diamond operates primarily in the diamond exploration and evaluation sector within Canada.
The company’s core products and services focus on diamond exploration and project development, including geological assessments, resource estimation, and feasibility studies related to its mineral properties. Star Diamond provides detailed technical evaluations and mineral reserve estimates, focusing on the Star – Orion South Diamond Project as its flagship endeavor. The firm also manages other diamond property interests, including the recently acquired Buffalo Hills Diamond Project in Alberta, Canada, expanding its portfolio of diamond exploration assets.
Recent major developments include Star Diamond’s completion of the acquisition of Rio Tinto’s 75% interest in the Fort à la Corne Joint Venture, solidifying its 100% ownership of the project. In 2024, the company released a revised mineral resource estimate for the Star – Orion South Diamond Project, forming the basis for an ongoing prefeasibility study (PFS) launched in September 2025, with expected completion in the fourth quarter of 2026. The PFS will update key project components such as the mining method, process plant design, and site infrastructure, culminating in a feasibility study to support a production decision. Additionally, in mid-2024, Star Diamond completed the acquisition of Canterra Minerals Corporation’s 50% interest in the Buffalo Hills Diamond Project, further enhancing its asset base. In August 2025, Star Diamond closed a $4 million private placement financing with Spirit Resources s.a.r.l. to fund working capital and advance the prefeasibility study on Fort à la Corne, alongside strategic enhancements to its board of directors.
Founded in 1999, Star Diamond Corporation is headquartered in Saskatoon, Saskatchewan, Canada. The company actively pursues exploration and development opportunities within Canadian diamond territories, targeting international diamond markets and investors. Star Diamond’s recent focus on advancing the technical and economic evaluation of its flagship assets underscores its strategic intent to transition from exploration to potential production. Its subsidiaries and asset acquisitions position it as a growing player in the Canadian diamond mining sector.
In summary, Star Diamond Corporation offers comprehensive diamond exploration, mineral resource evaluation, and development services centered on its 100% owned Fort à la Corne diamond properties and expanded holdings such as the Buffalo Hills Diamond Project. The company’s strategic acquisitions, updated resource assessments, and initiation of a prefeasibility study highlight its progression toward advancing development of world-class diamond assets in Canada. It is listed on the Toronto Stock Exchange under the ticker DIAM.TO.