Jan 24, 2019

Diamond Fields Sends Second Diamond Shipment of 22,166.81 Cts from Namibia to Europe

Diamond Fields Resources Inc. (DFR) has despatched a 22,166.81 carat parcel of gross weight unpolished rough diamonds (as endorsed by the Namibian Ministry of Mines and Energy) from Namibia to Europe.

“The diamonds, which were recovered from the ML111 licence offshore Namibia between December 6, 2018 and January 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) in preparation for sale during February 2019,” the Company announced.

DFR said that a total of 47,318.41 carats of diamonds recovered after 65 days of mining between November 10, 2018 and January 13, 2019 were exported from Namibia.

“As per the announcement of October 3 2018, DFR will now commence a review of operational performance during the Period with International Mining and Dredging Holdings (Pty) Limited, which operated the campaign via its subsidiary NUTAM Operations (Pty) Ltd,” the Company added.

Based on the information obtained during the operational period DFR will determine the future mine plan “in order to optimise potential returns from the ML111 resource”, the Company said.

DFR announced that the remainder of the initial six months (non-continuous) mining programme is expected to resume later in 2019.