African Diamonds - A 2005 Sparkler

"Future


Our main outlay in the coming year is in Botswana where De Beers will spend in
excess of $22m on our joint licences. We will spend nothing on these. Our
wholly owned operation in Botswana is expected to expand but it will be low
cost. Development proposals on Plant 11 undersize dump and the dykes in Sierra
Leone are likely but they may very well be in joint venture, so reducing capital
cost. We have offers of capital from numerous sources.



African Diamonds is facing a very bright future. Beginning in early 2006 the
likely development path for AK6 will unfold. We are in the right place at the
right time with the right partner."