De Beers-Endiama JV intersected kimberlite!
The first drill hole into a high-priority cluster of targets De Beers Group, together with Angola’s national diamond company, Endiama, announced a significant step forward in their joint exploration efforts with the discovery of kimberlite, the host rock for diamonds, in Angola. In July 2025, the De Beers-Endiama joint venture [JV] successfully intersected kimberlite in its first drill hole into a high-priority cluster of targets, identified from the airborne surveys completed in March 2025. This breakthrough represents the discovery of the first new kimberlite field by De Beers Group in more than three decades. Over the coming months, further drilling, ground geophysical surveys, and laboratory analysis will be conducted to confirm the kimberlite type and assess its diamond potential. This latest milestone builds on the foundation of two Mineral Investment Contracts signed between De Beers and the Government of Angola in April 2022, ...