LONDON (Thomson Financial) - Namibian Resources Plc. said its diamond
production in the second half increased by 450 carats compared to the first half
of the financial year ended Feb 29 2008.
The company said it has identified an additional resource of 5,500 carats
and intends to continue its sampling programme to ensure an ample resource is
available in each block identified in the mining plan.
In addition, the sampling programme will be expanded to allow the company to
assess the potential of a number of unexplored areas within the 'Pomona' licence
area, it said.
The company said its relocation of the screening plants is nearing
completion. Along with reconditioning of equipments and purchase of additional
generators and pumps, this will enable the company to considerably increase
production.
TFN.newsdesk@thomson.com
vsr/ejb
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