HIGHLIGHTS • Diamond inventory in Pipes 4 and 9 increases A$111 million in value to A$980 million and open at depth. • 300 tonnes per hour diamond recovery plant (2.2 million tonnes per annum) commissioned on 12 May 2004. • 74,512 diamonds weighing 23,136 carats produced in the quarter, of which 11,094 carats were sold at an average price of A$384 per carat. • 3 new diamond pipes, Kimberley 28, Kimberley 34 and Kimberley 35 discovered. • 7.62 carat diamond recovered from exploration work in gravels adjacent to Ellendale Pipe 11. • Pit 81 in Terrace 5 Blina alluvials returns grade of 9.8 carats per hundred tonnes (cpht) with average stone size of 0.45 carats. • Pit 82 in Terrace 5 Blina alluvials yields a spectacular 8.44 yellow diamond with average stone size of 1.52 carats. • Abnormally high microdiamond counts from a depth below current mining operations reported from a drill hole at Ellendale 9 East suggesting grade might increase significantly. • The largest diamond ever found at Ellendale, an 11.83 carat vivid yellow clean stone was recovered from Ellendale 9 west pit in early July. • The Expansion Feasibility Study managed by Snowden Mining Industry Consultants now due for completion at the end of September 2004.
KIM Price at posting:
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