Lerala Diamond Mine, Botswana

bullet point A 330,000 carat per year mine, fully commissioned by the end of June 2008
bullet point Comprises 5 kimberlite pipes totalling around 6 hectares
bullet point Pipes exposed at the surface, very simple open cut mining operation, excellent surrounding infrastructure and stable political environment
bullet point Fully funded project of US$24 million
bullet point Sales and marketing contracted to London agent WWW International Diamond Consultants who act for the major diamond producing companies and many governments for independent valuation on royalty payments
bullet point 100% owned
bullet point Key Statistics:
 
     
  JORC indicated resource in tonnes 13.5 million
  Carats contained in the resource 3.7 million
  Carats per hundred tonnes 27.41 cpht
  Value per carat US$60
  Annual production 330,000 carats per annum
  Annual revenue US$20 million
  Annual project EBITDA (pre overhead) US$10 million
  Life of project with ability to go deeper 10 years