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by Will Purcell

The diamond and specialty minerals stocks box score on Monday was a pleasing 89-75-146 as the TSX Venture Exchange rose 13 points to 892. Terry Tucker's Southstone Minerals Ltd. (SML) -- halted since late 2023 at one-half cent -- continues to plod along with mining at its Oena alluvial diamond project in northwestern South Africa.

The halt was the result of Southstone planning to acquire the 90-per-cent interest in Padstone Ltd. that it did not already own. The company called off that deal a year ago, but a few months later, Southstone set out to acquire Afrium Energy Ltd., a Singapore-based company exploring for uranium in Botswana. The deadline for that transaction passed last week, but the company and the vendors have agreed to extend the deadline to mid-March.

But first Oena: Southstone cheers that it mined and sold 803.58 carats from the gravel within the Sandberg section during its fourth quarter, which ended on Aug. 31, selling the gems for $1.48-million (U.S.), an average of $1,839 (U.S.) per carat. In the previous quarter, the company sold 614.47 carats for $920,000 (U.S.), about $1,496 (U.S.) per carat.

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