Showcase Companies

Lipari Mining is a natural diamond producer from its 100% owned Braúna diamond mine in Brazil. The Braúna mine is the only diamond mine in South America developed on a kimberlite deposit, the primary source rock of natural diamonds. The mine produces approximately 140,000 carats of high-quality diamonds per year, generating annual gross sales revenues of approximately US$25 million. Lipari Mining’s growth will come from its 75% owned Tchitengo diamond project in Angola, where the Company is focusing its attention on the Tchiuzo kimberlite deposit. The Tchiuzo deposit is an advanced-stage diamond deposit and is one of 30 kimberlites that are present on the Tchitengo project. Over US$36 million has been spent on the deposit between 2005 and 2013 bringing the deposit to the feasibility stage of development. Lipari Mining’s focus is to update the feasibility study and advance the project to a production decision.