Sloan Kimberlite Project, Northern Colorado, USA

  bullet point A 9.3 hectare diamondiferous kimberlitic pipe
  bullet point Previous exploration and sampling produced 40,000 diamonds and recovered amongst others a 5.2 carat clear white diamond
  bullet point Grade indicated from that programme was around 14 carats per hundred tonnes
  bullet point Planning to commence bulk sampling by the end of 2008, 10,000 tonnes of kimberlite to confirm value, with an expectation of greater than US$100
  bullet point Once value is determined, plan to commence wide diameter drilling late 2009 into 2010, to be followed by feasibility and mine development thereafter