ACN 078 606 434Level 3, 46 Ord Street West Perth WA 6005, PO Box...

ACN 078 606 434
Level 3, 46 Ord Street West Perth WA 6005, PO Box 1153 West Perth WA 6872
Tel +61 (08) 9483 3500 Fax +61 (08) 9483 3599 Website www.bonaparte.com.au
ASX AND MEDIA RELEASE
18 June 2008
BONAPARTE APPLIES FOR NEW MARINE PHOSPHATE AREA OFFSHORE PERU
Bonaparte Diamond Mines NL (ASX code BON, “Bonaparte” or “the Company”) has submitted applications for mineral exploration licences covering an area of approximately 770km2 off the coast of Peru where scientific studies have identified the presence of phosphate enriched sediments at or near the ocean floor surface.
Managing Director Mike Woodborne said: “The available data is very encouraging and we are excited at the prospect of developing the full potential of this area of marine phosphate off Peru, to compliment our existing projects in Namibia.”
The licence application area off Peru incorporates the scientific sample sites where results from seabed core samples recovered in the late 1980’s showed the most significant levels of phosphate concentration. The application area is located in water depths of 100 – 300m.
The application area has been made on behalf of the Company via a trust agreement with a local Peruvian company and is subject to processing in accordance with the procedures and regulations of the Peruvian mineral legislation. While issue of the licence cannot be presumed at this stage, the Company anticipates a successful outcome. Further announcements will be made on completion of this process and will include more specific details.
Mr Woodborne added “There is a new and very credible drive to develop mining of marine minerals in water depths of up to 2,000m. Our projects lie within the reach of current marine dredging technologies and we have the relevant skills and experience to establish Bonaparte’s position at the front end of the marine mining industry.”
For further information please contact
Michael W Woodborne
Managing Director
+ 61 8 9483 3500
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Michael W Woodborne (M.Sc, AusIMM, AIG, Pr.Sci.Nat), who is an employee of the Company. Mr Woodborne has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Woodborne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.