Diamcor Mining has announced the delivery of 2,521.17 carats of rough diamonds for the Company’s first tender and sale of its current quarter ending December 31, 2021.
The total carats delivered for this initial tender are in line with Company expectations, and the first since the Company’s recent completion of the phase one upgrade objectives at the Company’s Krone Endora at Venetia Project.
Further refinements, as well as efforts on a larger phase two upgrade, will continue throughout the quarter. The Company remains confident the full potential of these upgrades will be realized and operating costs on a per ton basis will continue to improve due to reductions in plant consumables and increases in operational efficiencies at the Project.
The Company expects to complete two additional tenders prior to the end of the current quarter and provide updates on the results in due course over the coming weeks.