Key points
- Mining licence ML111 is located offshore Luderitz, Namibia.
- The contract vessel MV Anya has recovered approximately 4,700 carats of gem quality diamonds to date.
- Recovered grades exceeded the 2001 MRDI feasibility study estimate by more than 250 percent.
- Remining a previously mined area from the Trans Hex joint venture achieved 0.5 carats per square metre.
Diamond production from mining licence ML111 offshore Luderitz, Namibia, has exceeded expectations.
Results to date from the mining program using the contract vessel Anya are extremely positive with approximately 4,700 carats of gem quality diamonds recovered to date.
DFI’s director of operations, Roger Daniel, stated: “We are delighted with the results to date. The additional capacity and power of the 24-inch airlifts with pebble jetting certainly offers significant improvement over the single 20-inch airlift system previously employed. We are generating highly profitable production from this and creating a positive cash flow.”
Additionally, DFI’s chief geologist, Randal Cullen, reported: “Recovered grades by the MV Anya to date have exceeded those determined by independent experts MRDI in their 2001 feasibility study, by more than 250 per cent. Recoveries have also exceeded their predicted tool bias of 230 per cent of estimated grades.
“Remining by the MV Anya in an area previously mined by the Trans Hex joint venture achieved a recovery of 0.5 carats per square metre, a highly minable grade. We intend to further test recoveries from the previously mined area in parallel to the current mining program.”
These exciting results indicate that an upward revision of the resource estimate for the Marshall Fork feature may be justified and the company will consider conducting an independent reassessment of the resource over the course of the next few weeks.
WARNING: The company relies upon litigation protection for “forward-looking” statements.
