text grab from diamond encrusted glossy pdf 12.17...

text grab from diamond encrusted glossy pdf 12.17 yesterday...check it out...

sold off after news spike
now a piddly rise so far today
still worth a close watch.

I bought a few purely on earlier movements higher lows. on a 10-12.5c price range stock search
cheers


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 Email [email protected] Website www.bonaparte.com.au
ASX AND MEDIA RELEASE
Thursday 7th June 2007
EXCELLENT DIAMOND PRODUCTION CONTINUES FROM NAMIBIA
Marine diamond mining operations in the Diaz Prospect 1 (“DP1”) Joint Operations (“JO”) mining area, offshore Namibia continues to deliver strong production results. The previous best production of 3,189 carats (“cts”) in April 2007 has been exceeded in May 2007 with the recovery of 8,578 diamonds for 3,529cts at an average of 0.41ct/stone. Total production from commencement of mining to 31 May 2007 now stands at 24,971 diamonds for 10,756cts at an average size of 0.43ct/stone. Typically, marine production from Namibia comprises approximately 95% gem quality diamonds.
Production from ML111 DP1 JO area totalling 9,429 diamonds for 3,864 carats
To date a total of 6,716cts have been sold at an average price of US$222/ct generating total sales revenue of US$1,492,649. A further sale of production comprising approximately 3,850cts is expected to be completed in June 2007.
Selection of gem quality diamonds mined from ML111 DP1 JO area
The JO mining agreement is with Diamond Fields International Ltd (“DFI”), and mining is being conducted within the DP1 JO area within DFI’s mining licence ML111, where a 63,000 carat Indicated Resource was defined by Bonaparte in 2006. Mining is being carried out by DFI using their dedicated mining vessel the MV DF Discoverer. Bonaparte has the right to 30% of the proceeds from the sale of diamonds recovered during the mining operations and is obligated to pay 30% of the operating and sales costs.
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 Email [email protected]
Close-up of marine diamonds mined from DP1 JO area in May 2007
Bonaparte’s Managing Director Mike Woodborne said “These are great results for the mining operation and we are extremely pleased with the continuing success of the Joint Operations with DFI. Looking forward, we anticipate finalising discussions with DFI shortly, to expand the scope of the ML111 Joint Operation activities to increase the resource assets and future mining reserve for the project.”
“With regard to other activities in South Africa”, he added, “The Company is in advanced discussions with two parties to secure certain highly prospective alluvial and primary diamond projects. These projects are located onshore in a proven diamond producing region of South Africa and have potential for early diamond production and cash flow.”
For further information please contact
Michael W Woodborne
Managing Director
+ 61 8 9483 3500
Bonaparte is a focused diamond company that maintains a portfolio of highly prospective projects located in the established diamond producing provinces in southern Africa and Australia. Bonaparte is the only company in Australia that conducts marine diamond exploration and is one of only a few companies internationally that owns a marine diamond sampling system. The Company targets development of land and marine diamond projects with potential for fast track development to production and generation of early cash flow.
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 his information in the form and context in which it appears



Website www.bonaparte.com.au
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 Email [email protected]
A SELECTION OF DIAMONDS FROM MAY 2007 PRODUCTION IN DP1 JO MINING AREA
5.34carat stone
Gem Quality White Diamonds
Selection of Coloured Diamonds
2 Stones for 8.06 carats
Website www.bonaparte.com.au