De Beers Group provided an update on its diamond exploration activity in Angola, with CEO Al Cook highlighting that eight high potential kimberlite targets have already been identified as a result of the Group’s airborne magnetic surveying work, when presenting at the Angola International Diamond Conference.
In the first half of 2024, De Beers Group completed all planned airborne electromagnetic surveys across both of its exploration concessions in Angola, while also commencing the airborne magnetic survey activity, discovery drilling and ground geophysics in the Group’s concession in Lumboma in the Lunda-Norte province.
Since then, De Beers Group has also carried out airborne magnetic surveys in its other exploration concession, Muconda, located in Angola’s Lunda-Sul province, and intends to complete the airborne magnetic survey work in Lumboma in the coming months. This critical activity, which involves two survey aircraft supported by a helicopter, enables the acquisition of the data required to identify kimberlite targets for further assessment. Discovery phase drilling activity, focused on assessing the potential of identified targets, is now fully operational and will continue on the targets with the highest geological potential.
Al Cook, CEO of De Beers Group, said: “As we continue to put our Origins strategy into action, we are making good progress with our diamond exploration in Angola – the world’s most prospective region for new diamond deposits – and we are very pleased to have already identified eight new high potential kimberlite targets in Angola as a result of our work.
“Alongside this, we are working hard with our partners in Government, both on enhancing the environment for long-term investors in the nation and on making sure we have all the tools in place to realise the socio-economic benefit of diamonds for the country.”
At the Angola International Diamond Conference, which runs from 23 – 24 October, Al Cook also highlighted De Beers Group’s continuing progress on working with the authorities in Angola to advance preparations for the sustainable development of the national diamond sector, in line with the Memorandum of Understanding signed in February 2024.
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