Company
Newfield Resources Ltd
ASX:NWF
Newfield Resources Ltd (ASX:NWF) operates the Tongo Diamond Mine in Sierra Leone which is a high-grade and high value mine that produces top quality gem diamonds suited to the high-end luxury jewellery market. The project has a significant diamond resource of 8.3 million carats with mining grades exceeding the resource model by an average of 38%.
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Newfield Resources yields 1,180 carats from Tongo diamond project; completes 317 metres of mine development in FY23’s first quarter
The company processed 504 tonnes of underground and surface bulk samples during the quarter.
Newfield Resources completes $1 million placement, takes total capital raising to $37.47 million
The company has issued 2,898,572 fully paid ordinary shares at an issue price of $0.35 per share, which represents a 9.88% discount of the 15-day VWAP.
Newfield Resources raises one million in private placement
This placement brings the total amount raised under the capital raising program to about $36.46 million.
Newfield Resources raises $1 million for continued development of Tongo Diamond Project
The Tongo Mine in eastern Sierra Leone entered production earlier this year.
Newfield Resources secures access to $55 million funding facility
"This partnership enables Newfield to expedite the development of its Tongo diamond mine and advance the project into commercial production," said ED Karl Smithson.
Newfield Resources brings raising to $33.24 million with $1 million placement; proceeds for diamond project
Proceeds will go into the war chest for continued development of the Tongo Diamond Project in Sierra Leone toward production, with some also allocated for working capital and placement costs.
Newfield Resources resumes operations at Tongo Diamond Mine
Tongo’s underground tunnel and development heading, where an underground mine worker tragically lost his life last week, remains closed for an investigation.
Newfield Resources makes US$1.44 million from first diamond sale
All lots were sold and generated US$1,435,405 in gross revenue, at an average price of US$269 per carat.
Newfield Resources moves ahead on Tongo diamond mine development in Sierra Leone
The current works will allow access to the ore body, and the establishment of the first mining stopes, and signal the transition of Newfield from an explorer and project developer to a producer.
Newfield Resources appoints experienced business leader as GM for Tongo Diamond Mine in Sierra Leone
The appointment "is consistent with Newfield’s strategic plan of strengthening the senior management to enhance corporate governance, compliance and capacity to align with Newfield’s growth from an exploration and development company to a p
Newfield Resources enhances board’s technical skillset with new director appointed
Mining engineer Alistair McQueen Croll, who has more than 35 years of experience in the industry, has been appointed as a non-executive director.
Newfield Resources strengthening financial base by retiring corporate bonds debt and raising $12.5 million
“The retirement of the bonds for equity underscores the confidence of the bondholders in the future of Newfield as we advance the Tongo Mine towards production,” says executive director.
Newfield Resources implements comprehensive ESG reporting process with first report expected next quarter
Newfield Resources Tongo Diamond Mine development continues in full compliance with Sierra Leone law.
Newfield Resources bulk sample at Peyima Kimberlite yields 110 carats of diamonds
“This first assessment of the Peyima Kimberlite diamond grade and quality is highly encouraging and supports the further work which will include the processing and analysis of a 182-kilogram microdiamond sample to better assess the grade po
Newfield Resources blasts toward mine development at Tongo Diamond Project
“Some 845 metres of underground development has been achieved to date. Kimberlite ore is being yielded from the RAW on the Kundu kimberlite, and we are currently stockpiling this at our bulk sample plant for processing," says executive dire
Newfield Resources raises ~$25 million via rights issue to advance Tongo Diamond Project
Newfield’s flagship asset, the Tongo Diamond Mine in eastern Sierra Leone, yielded its first carats in December 2020, 10 months after the initial decline blast.
Stellar Diamonds shares leap as court approves its acquisition by NWF
A look at some of the biggest risers and fallers in London on Wednesday