D.R.C. Diamond Project (option to earn a 50% interest in certain DRC exploration licenses held by African Minerals (Barbados) Ltd SPRL). Ground geophysical work and geochemical sampling carried out by Motapa in September and October has resulted in the identification of a number of high priority targets for drill testing in the coming year.
Kavango Diamond Namibia
Kavango Diamond Project, 10 licences, 8,363 km2 (49% interest; joint venture with Namdeb Diamond Corporation, which can earn up to a 65% interest). Reverse circulation drilling commenced in early May, 2008 and 15 holes were completed. Ground gravity surveys were completed over previously identified magnetic targets that had been previously drilled and which had returned high indicator mineral recoveries. Sample processing results have presented a full suite of kimberlite indicator minerals. Interpretation of the abundances, types and compositions of these grains has helped further constrain the inferred source area for the Omatako heavy mineral anomaly.
AK6 Diamond Botswana
The AK-6 project is an advanced diamond development project located in the Orapa district of Botswana, the largest diamond producing region in the world. The acquisition of the De Beers interest in AK-6 was completed on December 17, 2009.
Mothae Diamond Lesotho
Mothae Diamond Bulk Sample Project, 1 licence, 24.7km2 (100% interest). A 100,000 tonne bulk sample program has been completed yielding 8,886 diamonds weighing 3,867.04 carats at an average dry grade of 4.70 cpht. Diamonds recovered from the bulk sample include 217 stones greater than 2 carats, 63 stones greater than 5 carats, 13 stones greater than 10 carats, and 5 stones greater than 20 carats. The five largest diamonds weigh 24.60, 23.39, 22.71, 22.62 and 20.04 carats. A formal valuation of recovered diamonds is planned for Q3.
Holder
Country
Commodity
Property/Project
Type and Number
Date of Grant or Renewal
Renewal or Expiry Date
Area (km²)
Lucara
Lesotho (75% interest)
Diamonds
Mothae
Mining license (1)
September, 2009
September 2019 Renewable for a further 10 years
24.7
Lucara
Namibia (49% interest)
Diamonds
Kavango
Prospecting license (10)
October 2007
October 2011 (1)
8,363
African Minerals (Barbados) Ltd (SPRL)
DRC (Option to earn 50% interest)
Diamonds
Lufupa North, Lufupa South, Lufira West
Exploration Permits (20) Exploration Permits (8)
November 2009
Pending (2)
November 2013
May 2013
3,894
3,107
Lucara
Botswana (70.268% interest)
Diamonds
AK6
Mining License (1)
October 2008
October 2023
9.0
Pending approval of applications submitted in Q4 2009
