Diamondcorp (LON:DCP) is on schedule to complete its first diamond sale next month.
Installation of safety measures for the underground conveyor belt system at its Lace mine is expected to be completed during September ahead of the ramp up in commercial production during the fourth quarter of this year.
The company's first diamond sale is now set for October, when the miner has produced a sufficient parcel of kimberlite diamonds.
The company noted, in its results for the six months to 30 June, that processing of kimberlite from development at its Lace mine continues to return encouraging results in terms of diamond size frequency and quality.
Cash at 30 June was £1.94mln, however, after the period ended, a further £2.1mln was raised from a heavily oversubscribed open offer.
Interim pre-tax losses widened slightly to £3.1mln from £2.7mln.