Mwana Africa - A New beginning

Gravity Diamonds Reports Positive Cash Flow of $3,610,000 for the September 2006 Quarter
Tuesday October 31, 2006, 12:51 pm

Original Announcement: First Quarter Activities & Cashflow Reports
Gravity Diamonds reported positive cash flow of $3,610,000 for Quarter ended 30 September 2006. Operating cash flow for the period was $(1,409,000). Payments for exploration and evaluation were $(1,003,000). Investing cash flow was $10,000. Financing cash flow was $5,009,000. Cash in hand at the end of the quarter was $4,576,000. During the quarter, the company completed the trackwork at ABN021 and the bulk sampling program commenced. At Ellendale-Blina project, the bulk sampling of Kimberley 45 lamproite returned no diamond. No major palaeochannel was identified in any of the 57 pits, but Lamproitic chromites were indentified in all gravel samples collected. Kasai Craton regional sampling results identify four priority blocks for aeromagnetic surveys.