TSX-V-listed Diamcor Mining has delivered 2 512.17 ct of rough diamonds for the company’s first tender and sale of the current quarter, ending December 31.
The total carats delivered for this initial tender are in line with company expectations and the first since the company’s recent completion of the phase one upgrade objectives at the Krone-Endora at Venetia project, in South Africa’s Limpopo province.
Further refinements, as well as efforts on a larger phase two upgrade, will continue throughout the quarter.
Diamcor notes in an October 12 media release that it remains confident that the full potential of these upgrades will be realised and that operating costs on a per ton basis will continue to improve owing to reductions in plant consumables and increases in operational efficiencies at the project.
Diamcor also expects to complete two additional tenders prior to the end of the current quarter and provide updates on the results over the coming weeks.