Afri-Can Marine Minerals Completes Diamond Estimates Report
October 01, 13The lease, which covers 312 square kilometers off the coast of Namibia, has 413,000 carats in the indicated category, and a further 453,000 carats as an inferred resource.
Some of the indicated resource, around 255,000 carats, will be the object of a trial mining program, for which Afri-Can’s team is currently preparing a preliminary feasibility study and preparing mine planning. The miner said it has not carried out a feasibility study on the resource, and it is not certain that the trial mining program will prove to be economic.