The Blom Diamond Group signed a binding sales agreement to acquire Star Mine from Frontier Diamonds Limited (ASX:FDX) for $5 million on February 11, 2019. A binding term sheet will be entered by February 22, 2019. A written and binding share sale and claims agreement will be signed within 45 days of completion of due diligence. The transaction is subject to completion and satisfaction of due diligence, approval from Board of directors of The Blom Diamond Group and Frontier Diamonds Limited, regulatory approval, competition commission approval and obtaining required financing.