NAD 0.00% 16.5¢ north australian diamonds ltd

Thanks for the post, Hoe to see NAD gain also from the Merlin...

  1. 484 Posts.
    Thanks for the post, Hoe to see NAD gain also from the Merlin project

    The Merlin project comprises a tenement package of approximately 5,000 sq km that includes 14 kimberlite pipes, of which 9 were subject to open-pit mining over a five-year period commencing in 1998.

    The mining operations ceased in 2003, having produced 507,000 carats of diamonds.

    During its short operational life the Merlin project was renowned for the production of top quality white diamond and large specials, the largest being 104.73 carats. The company acquired 100% of Mining Lease 1154 (encompassing the former Merlin Diamond Mine) from Ashton Mining (a wholly-owned subsidiary of the Rio Tinto Group) in 2004.
 
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