188 Million$$ of free(already mined) diamonds, page-2

The lites/lights have been weathering for over a decade.

This is older info from before/at the time KDL took over.

Lites Sampling

Three lites dumps were identified as a large potential resource for prolonging the life of the Ellendale project, therefore a sampling program was proposed and undertaken to provide information on the potential revenues of the dumps and their associated treatability.

Results obtained from the recent lites sampling program have resulted in the 'lites stockpiles' being included in the Ellendale Resources Statement for the first time and equates to the addition of 11.3Mt @ 1.01 cpht to the Ellendale Resource (Table 1 below).

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CLASSIFICATION - INFERRED
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SOURCE TONNES GRADE CARATS VALUE $/t
(cpht) (USD/ct)
Main Lites Dump 9,589,000 1.05 101,000 $926 $9.76
Sound Barrier Dump 1,474,000 0.63 9,300 $466 $2.95
West Lites Dump 233,000 1.42 3,300 $385 $5.45
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TOTAL/WT. AVE
INFERRED LITES 11,296,000 1.01 113,600 $873 $8.78
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Table 1: The Ellendale 'Lites Stockpiles' Inferred Resource

The lites stockpiles at Ellendale comprise 'light' material floated from the DMS together with a significant portion of 'oversize' material that had been ejected from the front end of the processing circuit during its initial pass. Both the light material from the DMS and the oversize are believed to contain a significant amount of diamonds.

At total of seven bulk samples comprising 100,000 t were taken from three separate lites stockpiles (Table 2 in link below) and across a spectrum of the 'time zones' represented in the dumps. The samples were treated through the normal processing and recovery circuit with the additional step of re-crushing of all +14mm material reporting as oversize.

The largest of the lites stockpiles, the Main Lites Dumps, is also the most valuable at US$926/ct and $9.76/t. It is worth noting that these figures are significantly skewed by the poor result obtained in the largest bulk sample, LS4. This sample was taken from material deposited between June 2008 and May 2009 and represents only 20% of the total Main Lites Dump yet makes up 40% of the collected sample. Successful delineation of zones of higher grade material would increase the average value and $/t of the Resource. Future work will be aimed towards delineating such high grade zones and thus optimising the processing schedule.