Foundation Project DRC

South Africa - North West (NW)

“The use of new technology, can radically increase the profitability of diamond mining in this area”

Overview

  • Low grade alluvial deposits (<1 cpht)
  • Diamond prices USD300/ct – USD700/ct
  • Historical mining methods resulted in lower recoveries
  • New technology results in higher recoveries
  • Most prospective
    • Higher recoveries
    • Readily accessible, uncemented ore

Locality of NW Operations

Potential Value – To Provide an Indication

Sites

Resource

Contained Carats 

Contained Value ($) 

Production per annum (carats)

Production Value per annum ($)

Zone 1

141 Mt

  583 300

  387 753 900

 8 200

  6 560 000

Zone 2

10 Mt

 42 000

 24 192 000

 4 896

  3 525 120

Zone 3

29 Nt

  207 200

  105 879 200

 20 400

 12 240 000

Zone 4

78 Mt

  242 600

  105 773 600

 5 000

  3 000 000

Zone 5

11 Mt

 32 300

 15 084 100

 5 000

  3 000 000