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Remember Savanna Diamonds - your MD is also a Director of of BON.
Sydney - Wednesday - December 5: (RWE Aust Business News) -
Bonaparte Diamond Mines (ASX:BON) has an agreement to acquire a South
African company, Savanna Diamonds, which holds a permit over a 3,073
hectare property well advanced in construction and commissioning of a
mining plant.
Full scale mining will be undertaken at expected rate of 40,000
tonnes per month in Q108.
Bonaparte will carry out a two month trial mining period from
January 2008 to verify grade and diamond value of the current defined
gravel resources prior to exercising the option to acquire.
During this phase it will own all diamonds recovered and pay mine
operating costs.
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