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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 recommenced 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'.
23 July 2014 Blumont Holdings Ltd. takeover offer for Merlin Diamonds Limited - Third Supplementary Bidder's Statement > Read more
18 July 2014 Blumont - Extension of Takeover Offer Period > Read more
17 June 2014 Notice of change of interests of substantial holder - Blumont Group Ltd. > Read more
22 May 2014 Target's Statement from Merlin Diamonds Limited > Read more
30 April 2014 Quarterly Report for the period ended 31 March 2014 > Read more
24 April 2014 Blumont Holdings Ltd. takeover offer for Merlin Diamonds Limited - Bidder's Statement > Read more
23 April 2014 Recommended acquisition of Merlin Diamonds Limited by Blumont Group Ltd. > Read more
10 April 2014 Issue of Shares > Read more
25 March 2014 Notice of change of interests of substantial holder - Regals Fund LP > Read more
14 March 2014 Report for the Half-Year ended 31 December 2013 > Read more