Kopane Diamond Developments
Investment Summary
- Major shareholding in near term diamond producer in Lesotho
- Entry made in March 2009; Entry cost - £2.7m
- Current stake 17%
- Board representation
Current Project status
- Currently on care-and-maintenance while diamond market depressed
- MoU signed with known diamond miner to re-commence production
- Power line MoU has been signed (set to reduce power costs from $6/tonne to $1/tonne)
- Possible take-over talks announced 10 February 2010
Key results
- Indicated resource: 38.6Mt at 32.8cpht. Total resource: 90Mt at 34.2cpht for 31m carats
- Estimated in situ value of $2.7 billion
- Average grade US$86/carat
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For more information on Kopane - www.kopanediamonds.com