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, with the second 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 will comprise a new final X-ray recovery process to increase diamond recovery efficiencies, and additional processing equipment to improve bulk materials reduction.

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 of the project.

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 is expected to be completed before the end of the Diamcor’s second quarter ending September 30, 2021.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

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