AKD akd limited

Looks like a good result from the first...

  1. 58,089 Posts.
    lightbulb Created with Sketch. 16
    Looks like a good result from the first samples

    -------------------------------------------------
    ASX Release today;
    Commissioning of the bulk testing plant at the Company's Abaete diamond project in
    Brazil has confirmed that the target gravels are diamondiferous.
    A total of 25 diamonds for a combined carat weight of 7.5 carats were recovered from
    the test pit used for the commissioning and the largest stone recovered was a gem
    quality 3.31 carat diamond. This diamond appears to be a fragment of a larger stone.
    Several gem quality diamonds around 0.5 carats in size have also been recovered
    during commissioning. The average stone size from the commissioning pit is
    approximately 0.3 carats.
    The plant processed 292 cubic metres of in-situ gravel from the test pit used for the
    commissioning. The bulk testing program is expected to process between 10,000 and
    1 5,000 cubic metres selected from approximately 30 pits.
    AKD has an agreement with Canadian listed Black Swan Resources to develop the
    Abaete alluvial diamond project in Brazil. AKD has agreed to fund all exploration and
    mine development costs on the project and upon the commencement of mining wilt earn
    a 60% interest in the project.
    Yours faithfully,
    Z.A. Sas
    Managing Director
 
watchlist Created with Sketch. Add AKD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.