Majority Shareholding in South African Diamond Mine

SOLD

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Project Mineral

Hilco are delighted to offer for sale the majority shareholding that a UK listed company has in a subsidiary company that owns and operates a diamond mine in South Africa.

Executive Summary

• UK listed company focussed on the acquisition and investment in South African and sub-Saharan diamond mines
• Majority shareholding in SA based operating company
• SA opco holds the mining rights to operate a 3,000 Ha diamond mine in South Africa
• Mining operations commenced in 2015, producing very high quality diamonds
• Total indicated and inferred resource of 10.35m tonnes from five kimberlite pipes
• Well maintained plant, with dry crushing, wet process plant with pans and DMS and recovery complex located at mine site with capacity for 90,000tpm
• Turnover year ended 31 December 2021 c. £7.85m (c.£3.6m Y/E 2020)