Post by
Pacmann on Jun 28, 2021 1:51pm
News. Q3 update
Yahoo Finance Everything About Kingdoms Ad FreedomKingdoms GlobeNewswire Oena Diamond Sales Q3 2021 Report Southstone Minerals Limited Mon, June 28, 2021, 1:09 PM1 min read VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) -- Southstone Minerals Limited (Southstone or the Company) (TSX.V SML) is pleased to provide a production and operational update for the period 1 March 2021 to 30 May 2021 (Q3 2021) on Oena Diamond Mine located in the Republic of South Africa. Oena Diamond Mine, Republic of South Africa Production at the Oena Diamond Mine during Q3 2021 operated with one mining contractor on site with four pan plants to process run of mine (ROM) material and one Bourevestnik (BVX) unit used for diamond recovery. Mining and processing of ROM material only occurred during the period and diamond production results for Q3 2021: Scroll to continue with contentAd Richest People in the World 2021 Forbes Richest People in the World 2021 The number of billionaires on Forbes 35th annual list of the worlds wealthiest exploded to an unprecedented 2,755660 more than a year ago. READ MORE Carats Produced Number of Diamonds US $ / carat average Q3 2021 ROM 235.84 115 2,207 The Oena Diamond Mine continues to produce large and high-quality diamonds as summarized below. Top 5 Diamonds by Value per Carat for Q3 2021 Diamond Diamond Size (carats) Sold Price US $ US $ / carat 1 25.28 40,701 1,610 2 22.02 170,000 7,720 3 10.93 23,215 2,124 4 10.20 51,908 5,091 5 8.25 35,954 4,358 The Company continues to evaluate and assess further opportunities in the Republic of South Africa and elsewhere. The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo., Executive Chairman of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. THE BOARD OF DIRECTORS OF SOUTHSTONE MINERALS LIMITED info@southstoneminerals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statement Certain information set forth in this news release contains forward-looking statements and forward-looking information under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include managements assessment of future plans and operations and are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as forecasts, estimates, expects anticipates, believes, projects, plans, outlook, capacity and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Companys actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to statements with respect to the estimation of mineral resources; the realization of mineral resource estimates; anticipated future production, capital and operating costs; cash flows and mine life; potential size of a mineralized zone; potential expansion of mineralization; potential types of mining operations; permitting timelines; government regulation of exploration and mining operations; risks that the presence of diamond deposits mentioned nearby the Companys property are not indicative of the diamond mineralization on the Companys property, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, risks that the actual revenues will be less than projected; risks that the target production for the existing mining contracts will be less than projected or expected; risks that production will not commence as projected due to delay or inability to receive governmental approval of the Companys acquisition or the timely completion of an NI43-101 report; technical problems; inability of management to secure sales or third party purchase contracts; currency and interest rate fluctuations; COVID-19; foreign exchange fluctuations and foreign operations; various events which could disrupt operations, including labor stoppages and severe weather conditions; and managements ability to anticipate and manage the foregoing factors and risks. Story continues View comments
Comment by
Pacmann on Jun 28, 2021 1:53pm
Am I missing something here? What about their other project the kareepan mine update?
Comment by
JSMichau on Jun 28, 2021 2:37pm
They said they made reclamation on that mine in the Q2 reports : "The Farm Kareepan Agreement has been terminated and reclamation work has been fully completed and approved by the Department of Minerals Resources."