Sierra Leone Diamonds

Investment Summary

100% subsidiary of Obtala Resources, no local government equity stake or legacy partner issues
Purchased for £4.2m in Obtala paper
Compliments the Kopane (AIM:KDD) strategic investment and opens potential synergies
Purchase includes 2Mtpa DMS, 2 Mobile DMS, mining and light vehicle fleet, man camp and associated services and infrastructure
4 Mining Licence 162.40km2 & 7 Exploration Licences 2,590.75km2
Average values of $260-450/ carat are well above world average
Indicated resources of 119,000 carats


Konoma Operations Camp	Creating River Diversions	Top feed bin

Sierra Leone

A constitutional republic with a directly elected president and a unicameral legislature
Independent from UK since 1961
Active growth in mining sector
English official language
In the global top-10 of diamond producing nations
A major producer of gem-quality diamonds
6% diamond royalty
Signed up to Kimberly Process

Mining Licence area at Konoma

The Opportunity & Upside

Mine infrastructure in place with identified upside resource potential
Processing plant and mining fleet in place
Obtala takes 100% control
No project debt finance
Obtala to use operational, technical and financial expertise to maximise value without calling on shareholders for additional capital, implementing:
- Improved operational control and security
- Technical optimisation of mine plan
- Minimise ongoing overheads
- Selective exploration to increase resource
- Gearing to diamond price
Skilled labour trained during previous mining operations
12,000g gold recovered during early operations with potential to upgrade this recovery
Large tracts of mining licence remain unexplored with excellent exploration potential, including kimberlite drill targets already identified at Lake Popei
Mining licence issued and valid to April 2014, renewable for another 10 years


DMS plant	Glove Box - Sorting Room

X-Ray sorters	On-site Maintenance Workshop

Diamond Market: An Informed Opinion

diamonds & globe