First diamond recovered from Ellendale
PERTH (miningweekly.com) – Diamond miner Burgundy Diamond Mines has recovered its first diamond from the Ellendale project, in Western Australia, a 1.51 ct Fancy Yellow stone.
Burgundy in 2021 struck a two-year option agreement with Gibb River Diamonds to earn full ownership of the project for A$6.7-million in cash, 16-million Burgundy shares and a 1.5% gross revenue royalty to Gibb River.
Burgundy on Thursday told shareholders that the first diamond at Ellendale was recovered after the company completed the final stages of commissioning of the bulk sample plant at Blina. Burgundy will now start to ramp up throughput rates at the plant.
“It is very pleasing to see progress on our strategy of building the world’s leading end-to-end diamond company, with an exciting start to recovering diamonds at Blina as part of the Ellendale diamond project,” said MD Peter Ravenscroft.
“The first diamond recovered at Blina is an example of the potential quality of product from the Blina alluvials and the wider Ellendale project, and we look forward to building towards commercial production of these exquisite Fancy Yellow diamonds. This is especially timely as we finalise arrangements for the upcoming Australian launch of our ultra-luxury Maison Mazerea diamond brand later this month, which will be the vehicle to market and sell polished retail stones.”
Meanwhile, exploration activities continue onsite, including drilling programmes intended to update resource models and complete a scoping study to define development options for the Blina and Ellendale projects, which together comprise the Ellendale diamond project.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation