Gibb River Diamonds Limited (GIB) owns the Ellendale Diamond Project in the Kimberley Region of Western Australia. The Ellendale Project has been one of the world’s largest diamond producers in the past, with previous operators reporting a combined market capitalisation of over $690 million in 2006 on leases now held by GIB.
The Company is currently progressing the project with the aim of re-establishing diamond production at Ellendale. Significant progress was made during the last quarter which includes: On 21 May 2024, the Company announced the grant of mining leases. These are the three key licenses at the heart of developing the Ellendale Diamond Project.
These leases cover the main portions of the historic workings at the E4 and E9 pipes, together with the extensively bulk-sampled E12 alluvials. The grant of these three mining leases is an important milestone in re-establishing diamond production at Ellendale.
For the period ending 30 June 2024, Ellendale Diamond Project, WA GIB 100% highlighted key points,
1: Three Mining leases were granted. These are the three key licenses at the heart of developing the Ellendale Diamond Project. These leases cover the main portions of the historic workings at the E4 and E9 pipes.
2: Successful completion of an Aboriginal heritage clearance survey over mining lease. This survey provides heritage clearance to allow for the re-commencement of mining and diamond production over GIB’s main E9 targets,
3: Environmental report for the on-ground Vegetation, Flora and Fauna Survey on M04/477 was received.
No red flags to mining were indicated in the findings of the report. This survey report provides important baseline studies to assist GIB to compile Mining Proposal permitting applications!
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