RNS - Production to start coming months1 Sep 2023 10:23
This is key and very exciting...
"The past six months have seen substantial progress towards recommencing production and the Directors believe it is on track to begin initial mining operations in the coming months.
Although production ceased many years ago, we believe this was not due to any diminution in the quality or accessibility of emeralds but rather for internal company reasons. The independent JORC Resource which we commissioned from ACA Howe and announced late in 2022 has effectively demonstrated this, disclosing, as shareholders are aware, a mineral resource of 29 million carats just from the two most recently producing areas and a further exploration target of 164 to 344 million carats across other parts of the licence area. The resource estimation utilised the recent drilling done over the last five years as well as historical mine production data and other geological data, which ACA Howe, a well-established and highly respected specialist in gemstones and precious metals, had prior knowledge as well as extensive prior experience of Gravelotte."