Bakerville Diamond Project, South Africa

The Bakerville Diamond project located 20km Lichtenburg African. deposit lies within Lichtenburg Diamond Fields 250km Johannesburg.

SBM VSI5X Impact Crusher, VSI Impact Crusher, PE Jaw Crusher, JCE Jaw Crusher

The license owned Innovage Resources (74%) subsidiary Pangea Diamonds Africa (PDSA). remaining 26% stake Economic Empowerment (BEE) company.

The stakeholders PDSA IGE Resources (74%) Panex (26%). IGE purchased diamond interests Pangea February 2010. IGE thus indirectly holds 55% stake project. plans increase 74% acquiring 19% Panex stake project $2.5m 30 November 2011.

SBM VSI Impact Crusher, PE Jaw Crusher, JCE Jaw Crusher, Symons Cone Crusher

?IGE granted rights Bakerville January 2011.

Bakerville project farms Patsema area: Welverdiend 361 JP Ruigtelaagte 353 JP Houthaaldoorns 2 IP Uitevonden 355 JP Zamenkomst 4 IP.

The entire mine spread 9.5km². license 168.74km² another 188km² awaiting permitting approval.

The project anticipated quarter 2011 producing 2011. ?The development estimated cost approximately ZAR90m ($12.4m) IGE invest ZAR67.5m ($9.3m).

Geology

"IGE granted rights Bakerville January 2011."

The Bakerville diamond deposit occurs Transvaal Dolomite irregular dolomite bedrock chert dolomite. gravel runs patches alluvial deposit potholes sinkholes 70m depth.

SBM PE Jaw Crusher, JCE Jaw Crusher, Symons Cone Crusher, Hydraulic Cone Crusher

The individual gravel runs identifiable kilometres 140m-wide. diamondiferous gravel runs 3m thick.

The average thickness varies 1m 1.5m covered lush vegetation prevents erosion.

Exploration

In 1920s declared diamond production Bakerville 7.5m ct. 1980s government surveys indicated potential occurrence diamondiferous gravels renewed interests area.

SBM JCE Jaw Crusher, Symons Cone Crusher, Hydraulic Cone Crusher, Spring Cone Crusher

Prospective properties historical area however inaccessible exploration entrants 2004 because previous African legislation. 2008 Patsema largely explored prime focus Bakerville project potential gravel runs historical potholes. Bulk sampling conducted Zamenkomst year.

SBM Symons Cone Crusher, Hydraulic Cone Crusher, Spring Cone Crusher, Jaw Crusher Mobile Crusher

The exploration included digging 2,380 pits assessing gravel volume; 20km trenches taking 264 bulk samples 350m³ 500 m³; 19 2.5m Bauer boreholes; 571 reverse circulation (RC) holes.

Reserves

The verified resource mine 454,000ct potential another 579,000ct. rough diamonds recovered exploration average value $365 per ct. unexplored pothole structures deflation explored.

SBM Hydraulic Cone Crusher, Spring Cone Crusher, Jaw Crusher Mobile Crusher, Cone Crusher Mobile Crusher

A pilot became operational site November 2008. data collected pilot used assess development feasibility. in-house yielded positive results.

"A pilot became operational site November 2008."

A non-JORC compliant estimated inferred resources 2.17m m³. average recovered grade 100m³ 3.22ct. bulk sampling containing 16' pans scrubber 20tph DMS X-ray recovery used treat 91,000m³ Zamenkomst 4 IP.

The earthmoving fleet consisted 30t articulated dump trucks (ADT) 30t excavator. processing fleet operated PDF.

Mining processing

The Patsema accessibility electricity provided national grid. pumped underground necessary government approval.

SBM Spring Cone Crusher, Jaw Crusher Mobile Crusher, Cone Crusher Mobile Crusher, Impact Crusher Mobile Crusher

IGE currently finalising processing technology Bakerville project.

Operational expenditure expected $160 per ct diamond. fleet planned leased reduce total costs.

Production

The exact date production start-up based currency exchange rate diamond market assessment Africa.

The production expected 2,800ct per month.

---

<< Black Thunder Coal Mine, WY, USA Arizona 1 Uranium Project, USA >>