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Highlights

 

 Mining

Duas Barras (100% Interest)
 • Commercial production commenced September 2007
 • 2008 production of 15,136 carats
 • Indicated resource of 244,930 carats
 • Inferred resource of 129,730 carats
 • Diamond value of US$165 per carat
More about Duas Barras – click here.

Chapada Mine (100% Interest)
 • Commercial scale production commenced March 2007
 • 2007/2008 production of 23,153 carats of diamonds
 • Indicated resource of 42,267 carats
 • Inferred resource of 32,000 carats
 • Diamond value of US$410 per carat
 • Last diamond parcel realized an price of US$800/carat
 • Resources contained within 15 sq km area
 • Additional 270 sq km’s of mineral right concessions provides significant exploration upside
More about Chapada Mining – click here.

 Advanced Exploration

Brauna Gold and Diamond Projects (20% Interest with an option to increase to 49% on diamond project; 100% gold interest )
 • Advanced kimberlite project currently undergoing bulk sampling
 • 22 kimberlite occurrences identified – – 4 potentially economic and 18 still to be tested
 • 10 million tonnes estimated in 2 of the 4 tested kimberlite pipes.
 • Estimated average carat value of US$100 to $125 per carat
 • 800 metre long gold vein system
More about Brauna – click here.

Candle Lake (100% Interest)
 • 2 large diamond-bearing kimberlites located in the Fort a la Corne kimberlite trend Saskatchewan, Canada.
 • Large tonnage potential, in excess of 100 million tonnes
More about Candle Lake – click here.

Catalγo (100% Interest)
 • Composed of at least 3 kimberlite pipe-like deposits covering a surface area of 0.75 hectares
 • Surface samples taken by Rio Tinto indicate a grade of approximately 23 cpht
 • Microdiamond analysis of drill core suggest a coarse diamond population, similar to that observed in the Brauna kimberlites
 • Definition drilling and additional bulk sampling planned for 2010
More about Catalγo – click here.

Chapada (100% Interest)
 • Resources currently being mined exist on only 10% of the 270 km2 exploration concessions.
 • Previous exploration shows potential for 20 million bank cubic metres of additional resources and a potential 1 million carats
More about Chapada Exploration – click here.

Pukaqaqa (1% royalty)
 • Vaaldiam  receives a 1% NSR if copper averages US$3/lb or less and a 2% NSR above US$3/lb
 • Vaaldiam will receive US$4 million if the project goes in production and an additional US$4 million one year later
More about Pukaqaqa – click here.

Kwale (100% interest)
 • Base Iron Limited signed a Heads of Agreement to buy Kwale for US$3 million and 1.5% NSR
 • Transaction is expected to close in July 2010
More about Kwale – click here.

 
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