Lemphane kimberlite resource increased by 80% to 48.6Mt
JOHANNESBURG (miningweekly.com) – Drilling and density measures at Aim-listed Paragon Diamonds’ Lemphane kimberlite project, in Lesotho, indicated a substantial increase in tonnage estimates, with the overall estimated tonnage, to a depth of 350 m below mean surface, increasing by 80% from 27-million tons to 48.6-million tons.
Tonnages in the upper portion of the kimberlite, up to a depth of 170 m, also increased by 15%, with the revised model containing 26.7-million tons, compared with previous estimates of 23.2-million tons.
“This highly significant increase in tonnage is excellent news for the project, as it has the potential, if proven economic, to double the current volume of kimberlite used in the scoping study with an overall positive impact on the project economics.
“I am confident that our work programme going forward, which will include significantly more drilling, will continue to confirm our belief in the potential of Lemphane to be a valuable resource of large diamonds," Paragon executive chairperson Martin Doyle said.
A final strip ratio was yet to be determined for the revised tonnage but it was expected to be within the acceptable economic limits encountered on other openpit kimberlite mines in Lesotho, Paragon said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















