Diamond Recovery Commences At Lerala

The company said in a statement that it has placed 18 million shares with two major Botswana institutions. At A$0.20 per share, the move has raised A$3.6 million to be used to strengthen the company's cash reserves.

Diamonex said the plant is currently operating at approximately 100 tonnes per hour. There are plans to meet the full production target of 200 tonnes per hour over the coming months. "The plant has performed well in the commissioning phase with expected teething problems, as well as minor disruptions. There has been one major issue in the plant design to emerge out of commissioning, relating to the performance of the Pan Plant," the statement said.