Camafuca approval

摘要

SouthernEra Resources Ltd reports that the Council of Ministers of Angola has approved an operating agreement for the Camafuca diamond project, and has authorised the formation of the operating company, Soc. Mineira do Angola Ltda (SMA). The Camafuca project is located in Lunda Norta, about 20 km southwest of Lucapa, and a feasibility study completed in January last year estimated that the project contains inferred resources of 209.5 million m~3, containing 23.24 Mct of diamonds valued at an average value of 109 US dollars/ct.