Business
Q4 Results
Q4 Results.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n Petra Diamonds Ld\n01 August 2006\n\n\n\n\n PETRA DIAMONDS LIMITED\n\n\n QUARTERLY ACTIVITIES REPORT\n FOR THE THREE MONTH PERIOD ENDED\n 30 June 2006\n\n\n (dateline 31 July 2006)\n\n\n\nPetra Diamonds Limited ('Petra' or 'the Company' or 'the Group'), the AIM-quoted\nand ASX-listed diamond mining group (AIM and ASX: PDL), announces its quarterly\nactivities report (unaudited) for the three month period ended 30 June 2006.\n\n\nHighlights\n\n • The South African mines generate an operating cash inflow of £732,000 for\n the quarter (quarter to March 2006 outflow: £210,000)\n • Production of 175,000 carats from the South African mines for the year to\n June 2006 (June 2005: 144,000 carats)\n • Exploration progress at Alto Cuilo continues to make solid progress, with\n further increases in the number of kimberlites identified and analysis of\n drill core revealing exceptional indicator mineral chemistry\n • Petra enters into Strategic Cooperation Agreement with AIM-quoted Xceldiam\n Limited with regards to Project Luangue\n • Kono project in Sierra Leone delivers first production in June 2006\n • Petra's operations in Botswana make solid exploration progress\n\n\n\nPost Quarter End Highlights\n\n • Identification of the 50th kimberlite at Alto Cuilo\n • Bulk sample drill and DMS plant arrive in Luanda - bulk sampling set to\n commence shortly\n\n\n\nAngola - Project Alto Cuilo\n\n • Alto Cuilo's potential as a major diamond project is further\n substantiated, with 50 kimberlitic occurrences now confirmed by drilling\n (March Quarterly Activities Report: 38 kimberlitic occurrences) out of 60\n targets drilled, an exceptional success rate of 83%\n • Laboratory analysis of drill core revealed a favourable mantle geotherm\n conducive for diamond formation in conjunction with some highly encouraging\n diamond stability field mineral grain counts and compositions, consistent\n with some of the world's economic kimberlite deposits\n • Approximately 26,000 metres of core drilling has now been completed,\n illustrating the effectiveness of the three drills now working on site. A\n total of 190 holes have been drilled to date.\n • Budget of circa US$20 million for the year to June 2007, to be funded by\n BHP Billiton, has been approved\n\n\n\nBotswana - Kalahari Diamonds\n\n • 655 line kilometres of ground geo...