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Two irrigation and cattle /sheep farms with diamond-bearing gravel for sale in the Northern Province, South Africa. This area is noted for its high-quality diamonds and excellent ROI.
Farm #1: 836ha of which 736ha grazing, & 100ha irrigation.
Farm #2: 1060ha of which 996ha grazing and 65ha irrigation.
In the past little mining activities took place on the property. Only a few hectares outside the irrigation part was mined. The property has also 2 kimberlite pipes and Alluvial deposits. 442.81 carats were recovered over a period of 6 months (with proof).
With the resources underestimated by at least 50% and taking into consideration the historical statistics of the grade and dollar value per carat, the value of the remaining resources are estimated at R321,300,000.
With a strip ratio of 3 to 1, the mining cost is R41 per ton x 1,890,000 = R77,490,000
The net value of the remaining resources is estimated at R243,810,000
Farming equipment valued at R4,225,000 included in the sale. The lucern that is produced on the farm gets exported to Dubai.
For more details on this opportunity, please enquire now!
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