Key points
- Diamond Fields shipped 22,166.81 carats of gross weight rough diamonds recovered from the ML111 licence between Dec. 6, 2018, and Jan. 11, 2019.
- The shipment was endorsed by the Namibian Ministry of Mines and Energy and sent to Europe for valuation, processing and sorting ahead of a February 2019 sale.
- Total exports from Namibia reached 47,318.41 carats after 65 days of mining between Nov. 10, 2018, and Jan. 13, 2019.
- Diamond Fields will review operational performance with International Mining and Dredging Holdings Pty. Ltd., which ran the campaign via its subsidiary NUTAM Operations Pty. Ltd.
Diamond Fields Resources Inc. has shipped a 22,166.81-carat parcel of gross weight, unpolished rough diamonds, as endorsed by the Namibian Ministry of Mines and Energy.
The diamonds, which were recovered from the ML111 licence in offshore Namibia between Dec. 6, 2018, and Jan. 11, 2019, have been shipped to Europe for independent valuation, processing and final sorting (whereby they will be mixed with those previously shipped in December, 2018) in preparation for sale during February, 2019.
In total, 47,318.41 carats of diamond were exported from Namibia after 65 days of mining between Nov. 10, 2018, and Jan. 13, 2019.
As per the announcement on Oct. 3 2018, Diamond Fields Resources will now commence a review of operational performance during the period with International Mining and Dredging Holdings Pty. Ltd., which operated the campaign via its subsidiary, NUTAM Operations Pty. Ltd.
Information obtained during the period will be used to determine the future mine plan in order to optimize potential returns from the ML111 resource. The remainder of the initial six months (non-continuous) mining program is expected to resume later in 2019.
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, an advanced high-grade zircon exploration prospect located in the west of the country, approximately 220 kilometres east of the port of Maintirano and near a state road. In Namibia, International Mining and Dredging Holdings is undertaking an initial six-month (non-continuous) offshore diamond mining program on Diamond Fields Resources’ ML111 licence area.
