The Harts River Project comprises of a contiguous block of farms situated in the Northwest Province of South Africa between Vryburg and Warrenton, known as the Brussels Block. The license covers close to 240km2.
The deposit has good potential as it yields large diamonds of very good quality and the largest stones recovered to date were from 16.65 to 60.21 carats. The highest price obtained was US$ 230 012,69 (US$ 9469,44 per carat) for a 24.29 carat stone.
•32 % of carats from stones larger than 5 carat - Calcrete Gravel
•25 % of carats from stones larger than 5 carat - All Gravels
•19 % of carats from stones larger than 10 carat - Calcrete Gravel
The Bakerville Project Area is located approximately 20 km north of Lichtenburg in the Northwest Province of South Africa. The area comprises portions of five farms namely, Zamekomst 4IP, Houthaaldoorns 2IP, and certain portions of Welverdiend 361JP, Ruigtelaagte 353JP and Uitgevonden 355JP which covers a total area of 9275ha. The license boundaries have been surveyed by a professional surveyor as required by the Department of Minerals and Energy (DME).
The area has good potential as historical mining on Welverdiend 361JP, Ruigtelaagte 353JP and Uitgevonden 355JP has yielded in the order of 4 000 000 carats. The mineral rights on the farms Zamekomst 4IP, Houthaaldoorns 2IP were held by De Beers since 1927, limiting increase in diamond production that could impact on the diamond price. The rights on these farms only became available in 2003 when the mineral rights returned to the Government.
The area on Zamekomst 4IP prospected to date yielded diamonds of very good quality and the stones recovered to date were up to 20 carats. The price per carat obtained in 2009 varied from US$ 238 (per carat) to US$ 1 448 (per carat).
Due to severe unrest in DRC, African Diamond's subsidiary Lobo Mining has declared force majeure and for the time being suspended all operations.