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Diamond Fields Update on Activities in Namibia

Mining News - Published on Tue, 15 Oct 2019

Image Source: ca.investing.com
Diamond Fields Resources Inc has provided an update on activities at its ML111 diamond mining concession area in Namibia. As previously announced, following completion of the initial stage of DFR's current ML111 mining campaign, the Company has been reviewing the first phase of mining and operational performance with International Mining and Dredging Holdings (Pty) Limited, which carried out the campaign via its subsidiary NUTAM Operations (Pty) Ltd. The Company and IMDH continue to assess, amongst other things, the need for further exploration and development work in order to improve mining performance and a possible sharing of such costs. Such work is expected to improve recoveries from the remaining blocks under the current ML111 mining plan.
As a result of the continued discussions and the development work envisaged, the second stage of the ML111 initial six months (non-continuous) mining program is now not expected to resume later in 2019. A further update will be provided in due course.

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Posted By : Rabi Wangkhem on Tue, 15 Oct 2019
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