The Company holds the Carr Boyd/Lower Smoke Creek and Macphee projects adjoining the Argyle and Bow River Diamond Mines within the East Kimberley region of Western Australia. These granted lease areas lie in a region rich in diamond history where diamond production has reached 40% of the world’s annual total, including, as reported, 90% of the world’s rare and expensive pink diamonds. The acquisition of the HMS plant enhances the Company’s ability to undertake a targeted sampling programme on the diamondiferous gravels that are known to occur on the Company’s tenure. The Company announced in its December 2014 quarterly activities statement lodged on the ASX that It intended to undertake an exploration program prior to the final quarter of the financial year ending 30 June 2015
ARO Price at posting:
1.5¢ Sentiment: None Disclosure: Held
