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Diamond Mine Shares For Sale

Northern Cape, Northern Cape, South Africa
Asking Price:
R55,000,000
Sales Revenue:
R57,000,000
Cash Flow:
Not applicable

Confidential protocol maintained

Available: 26% shares at R55m or 100% shares for R200m

"Current Pit Excavation -
The "X" Pit is the furtherest located from what is believed to be the source location of the diamonds and this area falls within the boundaries of our mining right. The bedrock depth is 39 meters at its deepest according to drill results with a push-bar of 300m extending to the surface. Current excavation area exceeds 300m in its length and 80 m in its width. 300’000 cubic meters overburden has been removed from the "X" Pit and currently 166’000 cubic meters are left - TOTAL which includes 80’000 cubic meters Diamondiferous gravel.

Currently the yield is 5,2 cpht on the push-bar leading into the pothole.

*Diamond Recovery & Sales Data:
A total of 955,31 carats have been recovered with sales of these totalling U$ 1 ’ 334 ’ 361, equalling an average of U$ 1 ‘ 400 per carat (DPCT).

Valuation of in situ deposit at the Diamond Mine:
Based upon the Mine Works Programme - Basic Value of in situ resource:
Net Revenue per annum R 57m over LOM (Life of mine) 20yrs = R 1.6b


* Confidentiality Agreement to be signed before release of ANY form of information or data.
** Request for address / area will NOT be entertained.
*** NDA attached hereto - please print, complete, sign in wet ink and submit directly
**** Opportunists will not be responded to.

Property Information

Real Estate:

Real Property Included

Location:

Northern Cape

Business Operation

Expansion Potential:

R1,6bn

Other Information

Related Documents:

Contact MacYoung

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