This is what everyone has been waiting for. The most significant...

This is what everyone has been waiting for. The most significant news is:
1. The Kimberlite program was approved by Endiama on 7 Dec.
2. Negotiations were finalised with Endiama regarding the $1.4m bond - it will be credited as exploration expenditure ($1m for the kimberlite permit and $0.4m for the alluvial permit. It is not as good as getting the money back now, but it will be there once things ramp up in 2012, along with the $6.4m of expenditure due back when mining starts.
Other pluses are the sustained grades from BLK06, it looks like it will remain above 40 ct/100m3 by the time it is completed excluding any other big diamonds. They have spent time putting in access roads - with only a 4.5km haul road announced in the Sept quarter - but this quarter 21.5km completed. It looks likely as a consequence, that there will be further sample announcements over the wet season. Lastly it should give a bit of confidence to other interested parties to get their checkbooks out, they have less than 90 days to decide.