6X RETURN IN 12 MONTHS

West Saltztal production from the beginning of the financial year on 1st march
2005 to 25th November 2005 has totalled 4,577 carats with an average size of .60
carats per stone. Between 10% and 15% of stones have weighed in excess of 1
carat and six stones in excess of 2 carats have been mined, the largest being
2.60 carats. This production exceeds the original estimate of 4,200 carats for
this identified resource and should continue for another 12 weeks. The nature
of the mined material continues to give difficulty due to heavy water seepage
from the salt pan. The Company is trenching and sampling ahead to determine
whether the remaining 2km length of the West Saltztal is diamondiferous.



(2) Mining Plan

The first sampling of the East Saltztal although incomplete is very encouraging.
The company, is therefore moving a second screen to this area and commence
mining by the end of January. With two in field screens operating the Company
is hopeful that sufficient material will be available to justify the purchase of
a second 10 ton/hr Dense Medium Separation plant by July of 2006 and possibly
move to a second shift. Sufficient resources, have been identified to be mined
for the next two to three years. The Morro road-sweeper has been completely
refurbished and will be operating continuously from early January on the Idatal
bedrock sweeping where a thin veneer of diamondiferous gravel is present.
Bedrock sweeping this area which is 10 km long by 150 meters wide has been very
encouraging. The Idatal was mined down to bedrock in the early nineteen
hundreds and was fabulously rich.



(3) Management

Management at the mine in Namibia has been strengthened with the appointment of
two engineering staff to take charge of the screen, DMS and flowsort. They will
also carry out all maintenance servicing and repairs on site (other than major
repairs). This should substantially reduce servicing costs and increase
production from January 1st reducing delays caused by minor breakdowns.





(4) Website

Nambian Resources has commissioned a website. The first draft is complete and
the launch of the website anticipated in the next three weeks. An announcement
will be made as soon as it is up and running.



(5) Cash Resources

The company has no borrowing and cash balances are adequate for the foreseeable
future following the exercise of the warrants exercisable by 31st December 2005
at 10p. This is subject to change should our negotiations for additional
concessions reach a successful conclusion.





Most of the 5 million warrants for conversion into ordinary shares at a
conversion price of 10p have been exercised at 14th December 2005. The warrants
expire on 31st December 2005 and will have no value thereafter. There is
evidence that certain shareholders have sold sufficient ordinary shares to take
up their entitlement. This may be the reason that our share price has been
drifting downwards as no other reason is known.



Further Info:



Tony Carlton, Chief Executive



Namibian Resources Plc. Tel: 020 8726 0900






This information is provided by RNS
The company news service from the London Stock Exchange
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