Diamond Fields Resources Inc. has provided an update on activities at its ML111 diamond mining concession area in Namibia.
As previously announced, following completion of the initial stage of Diamond Fields Resources’ current ML111 mining campaign, the company has been reviewing the first phase of mining and operational performance with International Mining and Dredging Holdings Pty. Ltd., which carried out the campaign via its subsidiary, Nutam Operations Pty. Ltd.
The company and IMDH continue to assess, amongst other things, the need for further exploration and development work in order to improve mining performance and a possible sharing of such costs. Such work is expected to improve recoveries from the remaining blocks under the current ML111 mining plan.
As a result of the continued discussions and the development work envisaged, the second stage of the ML111 initial six-month (non-continuous) mining program is now not expected to resume later in 2019. A further update will be provided in due course.
About Diamond Fields Resources Inc.
Diamond Fields Resources is a TSX Venture Exchange-listed exploration and mine development company with assets in Madagascar and Namibia. In Madagascar, Diamond Fields Resources is developing the Beravina project in co-operation with Denham Mining Fund LP. Beravina is an advanced, high-grade hardrock zircon exploration prospect, located in the west of the country, approximately 220 kilometres east of the port of Maintirano and near a state road. Diamond Fields Resources acquired Beravina from Pala Investments and Austral Resources in 2016.
