Gibb River Diamonds Limited (GIB) announces the successful completion of the previously planned Aboriginal Heritage Clearance Survey over Mining Lease and associated Miscellaneous Leases. GIB would like to thank the Bunuba Dawangarri Aboriginal Corporation (BDAC) for their assistance with this survey and their support for the Ellendale Diamond Project.
This Heritage Survey was conducted during the first week of June, as flagged in the last quarterly report. The final written report from the survey, is expected in the first week of July. The key lease at the Ellendale Diamond Project which covers the historic workings at the E9 pipe and associated higher grade alluvial deposits north of E9.
GIB is also focusing efforts on various financing options for the Ellendale Project with a view to the potential procurement and build of a mining operation at E9. These options include debt, equity, earn-in partner, joint-venture partner, a North Australian Infrastructure Fund (NAIF) partnership or a combination of the above. These funding options are greatly enhanced by the recent Heritage Survey.
The Final report for the recently conducted on-ground Flora and Fauna Survey has been received. This survey was conducted on granted mining lease M04/477 including the area of the former Ellendale 9 mine. No red flags to mining were indicated in the findings of this Flora and Fauna Survey report!
This survey provides heritage clearance for the re-commencement of mining over the main areas at E9 being targeted by GIB for re-establishing diamond production at Ellendale.
