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The Merlin Diamond Project is located some 100 km south of the settlement of Borroloola and comprises 14 kimberlite pipes, grouped into four clusters. Nine of these pipes were subject to open-pit mining over a 5 year period commencing in 1998. The operations ceased in 2003 having produced 507,000 carats of diamonds. During its short operational life, Merlin Diamond Project was renowned for the production of top quality white diamond and large specials, the largest being 104.73 carats. Merlin Diamonds Pty Ltd, formerly North Australian Diamonds, acquired the project from the Rio Tinto group in 2004. In 2012, part of the latest parcel has been sold on international markets generating proceeds of US$1.865 million.
The Merlin diamond mine undertook pilot production in 2013. The Company is also pursuing a number of high priority exploration targets within the tenement holding surrounding the Merlin Diamond Project.
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The Merlin Mineral Resources have been and classified and reported in accordance with The 2004 Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). The Merlin Mineral Resources estimates have been prepared by T.H. Reddicliffe. T. H. Reddicliffe is a Fellow of the Australasian Institute of Mining and Metallurgy. T.H. Reddicliffe is a consultant to North Australian Diamonds Limited. T.H. Reddicliffe has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which they are undertaking. This qualifies T.H. Reddicliffe as a "Competent Person" as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'.
22 January 2015 BBY Research Report > Read more
22 January 2015 BBY Research Report - Merlin Diamonds > Read more
20 January 2015 Merlin Diamonds Presentation January 2015 > Read more
19 January 2015 Ceasing to be a substantial holder > Read more
16 January 2015 Withdrawal of takeover offer > Read more
15 January 2015 Becoming a substantial holder > Read more
15 January 2015 Change in substantial holding > Read more
15 January 2015 Change of Director's Interest Notice > Read more
15 January 2015 Issue of incentive shares > Read more
13 January 2015 Ceasing to be a substantial holder > Read more