3/30/2023 0 Comments Merlin projectLucapa Diamond Company managing director, Stephen Wetherall, said the company is grateful to all involved in finalising the acquisition. Lucapa said it’s currently in the process of finalising a scoping study to be released shortly, which aims to demonstrate the strong potential for the Merlin mine to be a long-life diamond producer.Ĭonsultations with the Native Title Party and the Local Aboriginals Groups via the Northern Land Council will now be sought in 2022 due to delays with the latest COVID-19 outbreak.ĪusND and Legend International Holdings (in liquidation) have mutually decided to terminate the agreements in relation to their buy-back options and milestone payment rights over the Merlin mineral lease and exploration licence. The mineral lease contains 11 previously discovered kimerberlite pipes in three clusters with an existing 4.4 million carat JORC 2012 compliant mineral resource.Īdditionally, Merlin has two known diamondiferous kimberlites on the licence as well as 70 unresolved anomalies where all kimberlite discoveries are known to be diamondiferous. With the project located in the Northern Territory of Australia, AusND has now settled an $8.5 million total consideration, comprising both the liquidators of Merlin Diamonds and an environmental bond to the Northern Territory government.ĪusND has also acquired the 24 kilometres squared mineral lease and 283sqm exploration licence located in the Northern Territory of Australia, approximately 720km southeast of Darwin. Lucapa Diamond Company (LOM) has completed the acquisition of the 4.4 million carat Merlin Diamond Project by its fully owned subsidiary Australian Natural Diamonds (AusND). Company shares last traded at 8.7 cents on December 10.Lucapa says it’s in the process of finalising a scoping study to be released shortly, demonstrating the potential for the Merlin mine to be a long-life diamond producer.The mineral lease contains 11 previously discovered kimerberlite pipes in three clusters with an existing 4.4 million carat JORC 2012 compliant mineral resource.AusND has now settled an $8.5 million total consideration as well as acquiring the 24 kilometres squared mineral lease and 283sqm exploration licence.Lucapa Diamond Company (LOM) completes the acquisition of the 4.4 million carat Merlin Diamond Project by its fully owned subsidiary Australian Natural Diamonds (AusND).IVZ Invictus Energy (ASX:IVZ) begins preparations for Mukuyu-2 appraisal well, Zimbabwe.CE1 Calima Energy (ASX:CE1) completes fracture stimulation across two Pisces wells, Canada.AZY Antipa Minerals (ASX:AZY) snatches back targets from Newcrest (ASX:NCM) Wilki farm-in deal.ALL Aristocrat (ASX:ALL) extends on-market buyback program, targets additional $500m.RBX Resource Base (ASX:RBX) secures option to acquire two lithium projects, Canada.PTR Petratherm (ASX:PTR) discovers new REE prospect at Comet project, South Australia.SGH Slater & Gordon (ASX:SGH) pens deal for potential takeover by Allegro.DSK Dusk Group (ASX:DSK) online sales dip offset by new stores.M24 Mamba Exploration (ASX:M24) shares slide on Black Hills drilling results.DTR Dateline Resources (ASX:DTR) locks in US JV for Gold Links restart.TI1 Tombador Iron (ASX:TI1) forms partnership with leading Brazilian steel mill.GBR Great Boulder Resources (ASX:GBR) observes "spectacular" gold at Side Well, WA.ARR American Rare Earths (ASX:ARR) flags potential cost reductions following testwork on Halleck Creek ore.TD1 TALi Digital (ASX:TD1) receives TGA approval for ReadyAttentionGo!.GDC Global Data Centre Group (ASX:GDC) investee lands $46.8m funding.
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