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.

The first phase will double the current processing volumes in the near term. This 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.

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. This phase will also 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 noted in an operations and corporate update for its Krone-Endora at Venetia project that various operational upgrades were advanced during the second half of 2022. These included the procurement of additional screening equipment, the development and installation of various items to lower water consumption on a per-ton basis, the improvement of water recoveries from processing, and initial expansions and improvements to the project’s final recovery systems.

The company’s focus in 2023 will include additional operational advancements to support the increase of processing volumes over the long term.

The key near-term objectives are to install supplemental power systems, additional large material processing and diamond recovery systems, the procurement of additional heavy equipment and to further advance recommended exploration drilling and bulk sampling efforts to further expand the company’s understanding of the geotechnical aspects and the greater potential of the project.

Key Contracts, Suppliers and Consultants
None stated.

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