Vancouver – For its 7,127 carat portion of the initial parcel sold from Namibian marine diamond operations, Diamond Fields International (DFI-T) received US$239 per carat, or a total of over US$1.7 million. A record for the company from its offshore diamond division.
The average valuation in 2003 was US$143 per carat.
The marine recovery operation is a joint venture with Samicor Mining Services who provide the ship, recovery and processing equipment and crew.
Diamond production is split equally between Diamond Fields and Samicor, less a 10% royalty to the Namibian government.
Initial mining is targeting the western limb of the Marshall Fork deposit where a grade of one carat per sq. metre is reported. A previous feasibility study on Marshall Fork (ML111) outlined an indicated resource of 896,000 carats and an inferred resource of 209,800 carats grading 0.3 carats per sq. metre.
Recovery grades in June exceeded expectations, and several large stones greater than 5 carats were recovered, including one over 12 carats. Included in the parcel was a very high quality, slightly blue 5.26 carat stone that sold for US$10,457 per carat.
Be the first to comment on "Diamond Fields’ yield fetches record carat valuation"