Vast Resources reports additional diamonds from historical parcel release
Aim-listed Vast Resources reports that the Kimberly Process inspection of a diamond parcel previously held in Zimbabwe has revealed an additional quantity of diamonds in the sealed parcel, the existence of which was previously unknown.
This additional quantity contains 6 055.35 ct of gem-quality diamonds, which, together with the rest of the consignment, are currently in Dubai for final sorting in preparation for cleaning and further preparation for their sale.
As reported by Mining Weekly, the company last month announced the release of the historical diamond parcel that had been held in safe custody at the Reserve Bank of Zimbabwe by order of that country’s Supreme Court since early 2010.
With the additional diamonds, the total quantity of diamonds included in the historic parcel is now estimated to be 135 139.47 ct, of which an aggregate 36 475.26 ct have already been identified to be gem quality.
The company is selecting the first diamonds for cleaning and estimates that initial results will be available in the coming weeks.
It currently anticipates that the selling process will be conducted in a phased approach to maximise value.
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