The group believes it is time to explore the AK8, AK9 and BK5 kimberlites while the feasibility study for its flagship AK6 looks set to be cleared by the board at the end of June.
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African Diamonds was established to develop diamond mines in Botswana and West Africa. The target is to have a producing mine within three years. Having a balanced portfolio of projects will help reach the objective. The current portfolio of the Company consists of:
JV in Botswana with Lucara to fast track the development of our licences to our goal of large gem stone quality diamond mine;
late stage exploration projects which are known to contain diamonds or diamond indicator minerals; and
early stage high potential concessions, both alluvial and hardrock.
10/06/10
The group believes it is time to explore the AK8, AK9 and BK5 kimberlites while the feasibility study for its flagship AK6 looks set to be cleared by the board at the end of June.
20/05/10
…the South lobe contains a relative abundance of the rare Type IIa diamonds, which contain virtually no nitrogen, and can – like the Cullinan and Koh-i-noor diamonds - be large and extremely valuable
11/11/09
Ironically, AK6 is situated on ground once held by DeBeers prior to 2002, and it was through a DeBeers / African Diamonds joint-venture that the pipe was discovered in 2004.