RE:News next week?news out. good sales, but look at the top 15 diamonds found. 1 was sold for 1/2 million
Oena Diamond Mine, Republic of South Africa
Southstone continues to focus and prioritize its efforts on the Oena Diamond Mine. There is currently one mining contractor on site using eight (8) pan plants to process run of mine (“ROM”) material and one Bourevestnik (“BVX”) unit used for diamond recovery.
Production results for both Q1 and Q2 were impacted as a result of the mandatory closure of the mine for the period from 26 March 2020 to 3 May 2020 due to COVID-19. A total of 803.92 carats (112 diamonds) were produced, placed on tender and sold with an average price of US1,957 per carat.
| Bluedust | Carats Produced | Number of Stones | US $ / carat |
| Q2 2020 ROM | 588.14 | 77 | 1,942 |
| Q3 2020 ROM | 215.78 | 35 | 2,001 |
The Oena Diamond Mine continues to produce very large and high-quality diamonds as summarized below.
| All stones > 10 cts |
| Stone | Stone Size (carats) | Sold Price US $ | US $ / carat |
| 1 | 52.62 | $127,975 | $2,432 |
| 2 | 44.25 | $243,000 | $5,492 |
| 3 | 37.03 | $188,962 | $5,103 |
| 4 | 35.00 | $535,000 | $15,286 |
| 5 | 33.54 | $111,095 | $3,312 |
| 6 | 33.36 | $105,084 | $3,150 |
| 7 | 32.01 | $85,999 | $2,687 |
| 8 | 19.42 | $39,500 | $2,034 |
| 9 | 15.16 | $34,068 | $2,247 |
| 10 | 14.74 | $42,900 | $2,910 |
| 11 | 14.64 | $60,017 | $4,100 |
| 12 | 14.51 | $36,572 | $2,520 |
| 13 | 13.52 | $24,350 | $1,801 |
| 14 | 12.75 | $65,025 | $5,100 |
| 15 | 12.74 | $19,525 | $1,533 |
| 16 | 11.46 | $58,336 | $5,090 |
| 17 | 11.11 | $23,450 | $2,111 |
| 18 | 10.65 | $11,406 | $1,071 |
| 19 | 10.63 | $32,600 | $3,067 |
| 20 | 10.63 | $33,488 | $3,150 |
| 21 | 10.51 | $91,560 | $8,712 |
| 22 | 10.34 | $53,555 | $5,179 |
| 23 | 10.23 | $34,581 | $3,380 |
Kwena Group, Republic of South Africa
Shareholders approved the disposition of the Kwena Group on 15 May 2020 and the Company received final approval from the TSXV on the 25 May 2020. This disposition of the Kwena Group resulted in a total of 4,527,416 shares being returned to treasury and the forgiveness of outstanding indebtedness of the equivalent of CAD $1.2M.