Kareevlei Project

Kareevlei Mining holds the Mining Right over 3000 hectares in the Northern Cape province of South Africa, approximately 100 kilometres North West of Kimberley.
There are five known diamondiferous kimberlite pipes ranging from <0.5 hectares to 5.6 hectares. The Inferred Mineral Resource is based on three of the pipes, K1, K2 and K3. K4 and K5 are the smallest two pipes and have had very limited work carried out.

Mining operations started in 2015 on K2, since then K1 and K5 have also come on stream with a fourth planned to start in 2021.

Diamonds

Kareevlei produces very high quality diamonds. The average value of all diamonds sold from Kareevlei exceeds USD300 per carat placing Kareevlei into the top 10 kimberlite mines in the world (ranked by average value per carat).

Indicated Resources	Tonnes	Carats	Grade (cpht)
K1	1,131,500	69,500	6,1
K2	867,200	39,100	4,5
Total indicated	1,998,700	108,600	5,4
Inferred Resource
KV1	2,555,700	155,500	6,1
KV2	1,478,500	65,800	4,5
KV3	3,629,200	152,000	4,2
KV5	706,200	34,300	4,9
Total Inferred	8,369,600	407,600	4,9

Grand Total	10,368,300	516,200	5,0