Published: September 19, 2016 |

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Merlin Diamonds Ltd is on track to re-commence operations at the Merlin diamond mine, located 900 kilometers south east of Darwin in the Northern Territory.

The Department of Mines and Energy has approved Merlin’s mining management plan last week, allowing operations to re-commence.

Since 1998, nine of the Merlin pipes have been subject to open-pit mining over a 5 year period, producing 507,000 carats of high quality diamonds.

The largest diamond ever found in Australia, a 104.73 carat white gem-quality stone was recovered from Merlin and was valued at about US$525,000 in 2002.

The current probable ore reserve for the all diamond pipes at the mine is 4.04 million tonnes at an average grade of 15 carats per hundred tonnes, representing a total contained 610,000 carats.

Merlin is being assisted by Foundation Resources Pty Ltd, a company experienced in the mining and exploration of diamonds in Australia, South Africa, Botswana, Zimbabwe, Angola and Indonesia.

Foundation Resources will focus on the technical plans for the mining operations and the re-commissioning of the diamond processing plant.

Merlin has initiated the procurement of necessary items to re-commence operations and has started pumping out water from the Kaye pit in preparation for mining.

A significant amount of the infrastructure is still in place at Merlin and needs little work to be useable. Hence, the capital cost is relatively low.

The mine is expected to recommence operations in October 2016.

Source: (September 12, 2016) Proactive Investors

About Merlin Diamonds
Merlin Diamonds Ltd is the owner of the Merlin diamond mine, in the Northern Territory, Australia.

To stop by Merlin Diamonds’ website, CLICK HERE

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