From 201922 May 2023 19:58
• Chiadzwa Community Diamond Concession (TBC%), an unmined license area in a prolific Marange Diamond Fields that supplied ~60mcts over the last two decades, is the second major project in the Group. A potential alluvial diamonds operation can be brought quickly into production and at a low capital cost. On preliminary management estimates adjusted for lower than planned plant availability (50% v 85% budgeted by Vast) the project is expected to run at ~1.2mcts in annual production, generating $45m in EBITDA and $33m in FCF per annum (at $58/ct rough diamond price)