Joint operations punkbuster update3/19/2024 While DFN is the Mining Operator DFN and BDN will share the operations costs, diamond marketing costs and gross sales proceeds from production in proportion of 65% to DFN and 35% to BDN. In terms of the amendment to the existing JO Resource Development Agreement and the JO Mining Agreement between Diamond Fields Namibia (Pty) Ltd (DFN) a wholly owned subsidiary of DFI and Bonaparte Diamond Mines (Namibia) (Pty) Ltd (BDN), a wholly owned subsidiary of Bonaparte, the expanded JO area incorporates the existing Diaz Prospect 1 (DP1) and Diaz Prospect 2 (DP2) areas. The expanded JO area will be sampled by Bonaparte at its cost with the objective of substantially expanding the mining resources available to the JO mining operations. The Company and Bonaparte recently signed an amendment to the existing JO Mining Agreement whereby the original 1.6km2 JO area in the Diaz Reef Prospect of DFI’s ML111 license off Luderitz, Namibia has been expanded to a total prospective area of 10.8 km2. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce the successful conclusion of discussions with Joint Operations (JO) partner, Bonaparte Diamond Mines NL (“Bonaparte”) to expand the scope of the operations in DFI’s ML111 mining license, offshore Namibia. ![]() ![]() (Cape Town, July 16, 2007) – Diamond Fields International Ltd.
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