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Southstone Minerals Ltd V.SML

Alternate Symbol(s):  FDGMF

Southstone Minerals Limited is a Canadian junior mining company. The Company holds a 43% interest in the Oena Diamond Mine (Oena), an alluvial diamond property, located in the Northern Cape Province, Republic of South Africa that consists of one New Order Mining Lease. The Oena Project is 8,800 hectares in size and covers about 4.8 kilometer (km) wide strip along a 15 km length of the lower Orange River. Oena, a producing alluvial diamond property, is located within an alluvial diamond mining province about 50 km upstream of Namdeb’s Auchas and Daberas alluvial diamond mines, located on the Namibian or north bank of the Orange River, and about 15 km and 60 km upstream of Trans Hex’s Reuning and Baken alluvial diamond mines. Its subsidiaries include TGV Resources (Pty) Ltd, African Star Minerals (Pty) Limited, and GAH Mining (Pty) Ltd.


TSXV:SML - Post by User

Bullboard Posts
Post by BoardWalk2015on May 02, 2018 1:59pm
95 Views
Post# 27971478

25, 30 & 40% from Tailings 😲 Even better .

25, 30 & 40% from Tailings 😲 Even better .
The diamonds recovered from processing run of mine gravel (ROM) and pan tailings and bantam material (Tailings) by Bluedust at Oena are sold via a designated Tender Facility in South Africa. A total of 25% of the gross income of net diamond sales from ROM and 40% of gross income of net diamond sales from Tailings, less commission, will be paid to Tango's subsidiary for the duration of the 60-month contract. For any individual stones recovered from ROM, with a gross selling price, less commission, of greater that US500,000 Tango's subsidiary will be paid 30% of the gross income
Bullboard Posts