Name of the Project
Krone-Endora at Venetia project expansion.

Location
Limpopo, South Africa.

Project Owner/s
Diamcor Mining.

Project Description
The project entails a two-phase expansion of the processing facilities at the Krone-Endora at Venetia project.

The first phase will double the current processing volumes in the near term. The second phase is aimed at finalising the project’s mining and processing scheme to significantly enhance long-term processing volume capabilities as part of the company’s overall long-term mineral project management strategy.

The initial phase includes the installation of a new materials handling step (scrubbing), the improvement and expansion of the diamond concentration system, the installation of a new electronic diamond X-ray recovery unit and various other refinements to lower water and power consumption on a per-ton basis.

A second, larger phase will focus on completing the groundwork necessary for future expansion capabilities.

Diamcor plans to consolidate its current facilities to further increase throughputs, reduce the overall processing footprint and unit costs, and minimise environmental disturbance. Additional heavy equipment will also be added if required to support these objectives. This overall strategy will be supported by the parallel activities of drilling and bulk sampling of prospective target areas.

The project is not expected to affect the processing efforts currently under way.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Phase 1 of the project has been completed. The initial upgrades were originally targeted for completion by the end of September 2021.

Latest Developments
Diamcor Mining has completed the first phase of planned upgrades at the Krone-Endora at Venetia project ahead of schedule.

The initial upgrades are aimed at providing the company with the potential to increase the project’s processing volumes by up to 100%.

The miner has said that all items of the first phase of upgrades are operational and are demonstrating their ability to achieve the desired processing volume increases.

Final commissioning and minor refinements are expected to be completed over the coming weeks.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Diamcor Mining, tel  +1 250 862 3212 or email info@diamcormining.com.