Gibb River Diamonds announces the grant of Mining Leases, which 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 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.
The grant of Mining Leases is a key milestone at Ellendale and the Company is very pleased this has now occurred. Progress continues to be made at the Ellendale Diamond Project, with a Heritage Clearance Survey scheduled to commence in the first week of June.
This Clearance Survey is another major step towards facilitating the re-commencement of mining on the M04/477 Mining Lease. The Company continues to focus on the permitting work required to allow mining to recommence. This work will be greatly assisted by the recent grant of the mining leases.
The grant of these mining leases is an important milestone in re-establishing diamond production at Ellendale. The Company is considering various financing options with a view to potential procurement and build of an initial mining operation at the Lights Stockpile at E9. These financing options are greatly enhanced by the grant of the mining leases.
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