Karowe Mine is the mine developed from the Company's AK6 Project. The Karowe Mine is owned 100% by Boteti. The Company has a 100% indirect interest in Boteti.
The Karowe Mine is located in north-central Botswana and is part of the Orapa/Letlhakane Kimberlite district, one of the world's most prolific diamond producing areas. The Kimberlite at the Karowe Mine (the "AK6 Kimberlite") comprises a single, tri-lobate Kimberlite pipe, which is "pinched" at surface, and its sub-outcrop consists of a core of Kimberlite, covering an area of 4.2 ha, surrounded by an area where the Kimberlite is capped by basalt or basalt breccia. Drilling has shown that the Kimberlite bulges to a maximum area of 7 ha at a depth of 120 m.
The information in this section which is of a scientific or technical nature has been derived from the following technical report:
AK6 Kimberlite Project, NI 43-101 Technical Report revision and update on the AK6 Kimberlite Mine, Botswana", dated December 31, 2010 prepared by MSA Geoservices (Pty) Ltd. and authored by Messrs. Ian McGeorge, Consulting Geologist (BSc (Hons), Geol. MSc, CGeol, FGS), Mike Lynn, Senior Project Manager (BSc (Hons), Geol, MSc), Johannes Ferreira, Consulting Geostatistician (MSc, DEA Geostatistics, PrSciNat) and Rob Croll, Consulting Engineer (BSc (Min Eng)), Dave Blair, Consulting Environmental Scientist (BSc (Hons) Zool., Pri.Sci.Nat) and Dr. Kym Morton, Consulting Hydrogeologist (PhD FGS FSAIMM, Pri.Sci.Nat), each of whom is a "qualified person" within the meaning of this term in National Instrument 43-101 (the "AK6 Kimberlite Technical Report").
Copies of the above-mentioned technical reports are available under the Company's profile on SEDAR at www.sedar.com.