The Makoenskloof property is located on the north bank of the Middle Orange River some 30 kms south west of Douglas.
Trial mining operations began in July 2007, with the objective of confirming the grade and diamond values for the deposit. A 58 carat gemstone diamond was found at Makoenskloof during initial exploration.
As part of the January 2008 operational review , the Makoenskloof bulk sampling operation has been placed on care and maintenance, pending detailed interpretation of the drilling data, 3D modelling, and associated in-depth analysis of grade, diamond size frequency, sales value and cost parameters by the Company's experts and an outside diamond consultant.
The Makoenskloof bulk sampling program has, to date, reached a break-even point financially. The project is, however, sensitive to grade and cost parameters and given the current uncertainty of ESKOM power supply to this locality, management has deemed it prudent to place the project on care and maintenance, curtail unnecessary costs, and focus its efforts on its established mines.
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