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Project : ELLENDALE EAST JOINT VENTURE

Mining
Open Cut
  Estimated Project Value
$ 1,000,000
Address Via
Suburb Fitzroy Crossing
State WA
Council Derby-W Kimberley
Postcode 6765
Project Type Resource - Diamonds
Development Type New
Status Early
Stage Exploration, Drilling, Survey & Assessment
Ownership Private
Notes
Sale Of Tennements Likely Subject To Approvals Process Proposed New Developer Named
Commence Date 4/6/2007
Completion Date 1/6/2010
Details
  • Ellendale Resources NL, Kimberley Diamond Company NL (KDC) and Blina Diamonds Ltd have entered into an agreement in relation the Ellendale diamond tenements E04/801, E14/911, E04/1062, E04/1092 and E04/1093.
  • Blina Diamonds Ltd expressed an interest in acquiring 100% of the Ellendale tenements and intends to seek an initial public offer listing.
  • If the Blina listing date does not occur on or before 31 August 2004, or suck later date as agreed by the parties, then the sale will be at an end and the parties will seek to restore all parties to their prior positions which will include the tenements reverting back to Ellendale and KDC in terms of the KDC agreement by which KDC was earning 75% interest.
  • E04/801, E04/911, E04/1062, ELA 04/1092-1093.
  • Previously a Falcon Airborne Gradiometer survey was completed over the northern sections of the known Ellendale Lamproite Field and proposed estensions within the Fairfield Valley.
  • Twelve of the anomalies identified from this programme lies within the Ellendale East Project area.
 
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