GJ Town India

  First production of undergrounds in 2029   By providing MRE update, Burgundy Diamond Mines updated the Life of Mine (LOM) plan has been updated based on the MRE update for Misery underground, and the Mineral Resource and Ore Reserve Estimate updates for Fox underground.    Key components of the LOM plan include the following; 1: Misery Underground – Currently in operation and planned for mining until Q4 2027. 6% of the Misery tonnage in the plan is classified as indicated, 68% of the Misery tonnage in the plan is classified as inferred, while a further 26% lacks the necessary geological information to be assigned a resource classification. The pipe remains open at depth.    2: Fox Stockpile – Low-grade ore from historic open pit mining of Fox pit, which was completed in 2014. The stockpile will be blended with Misery production until Q4 2028. The stockpile has been blended in the processing feed intermittently in 2024 and H1 2025. The stockpile is classi...

  Misery underground plan extended by the end of 2027    Burgundy Diamond Mines Limited provides an updated Life of Mine (LoM) plan for the Ekati Diamond Mine for the years 2025-2040 , including the updated Mineral Resource Estimate (MRE) for the Misery pipe, updated Mineral Resource and Ore Reserve Estimates for the Fox pipe, and results of a recent bulk sample trial from the Point Lake pipe.    The updates are in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (JORC Code) and the Australian Securities Exchange (ASX) Listing Rules, Chapter 5. Supporting information relating to the changes of Mineral Resources and Ore Reserves is set out in this release and its appendices.    Other deposits part of the LoM have their Mineral Resource and/or Ore Reserve results, including supporting information, as part of the Company’s ASX market announcement released 13 May 2...

Lucara's robust positioning in the diamond sector!  In the report for Karowe Diamond Mine for the Q3, 2024, its’ Financial highlights suggested that, operating margins of 48% were achieved (Q3, 2023: 63%). Lower operating margins resulted from the decrease in revenue realized for the quarter. Operating cost per tonne processed was $27.34, a decrease of 5% compared to Q3, 2023 cost per tonne processed of $28.84. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. A strong U.S. dollar continues to offset a small increase in costs over the comparable period. During Q3, 2024, the Company invested $24.1 million into the Karowe Underground Project (UGP). William Lamb, President & CEO commented: The third quarter of 2024, again, proved to be transformative for Lucara, marked by two extraordinary discoveries that underscore our preeminent position in the exceptional stone segment of the diamond industry. The recovery of an unprec...