17th Mar 2005 08:30
Dwyka Diamonds Limited17 March 2005 DWYKA RECEIVES US$200k FROM SINGLE DIAMOND PARCEL FURTHER REVENUE EXPECTED FROM SALE OF EXCEPTIONAL STONES Dwyka Diamonds Limited ("Dwyka" or "the Company") today announces that it hasconcluded the sale of a 576 carats parcel of diamonds from the Company'sNooitgedacht Alluvial Mine in South Africa. The sale worth US$200,000 was madeto Diamdel, De Beers rough diamond trading subsidiary. The average price received for this parcel of diamonds was US$347/ct, confirmingthe high quality of Nooitgedacht stones. In addition to this sale a parcel of 70.39 carats of exceptional stones has beenkept aside for selective marketing. It is anticipated that significantly higherprices than US$350/ct will be achieved for these stones. Commenting on the sale today Melissa Sturgess, CEO, said: "The US$347 per carataverage value of these diamonds from Nooitgedacht is a direct reflection of ourredevelopment of this project. Following the introduction of new extractionmethods and sorting equipment at Nooitgedacht we have significantly reducedcosts, improved grades and increased the recovery of high value stones." For further information please contact: In Australia: In United Kingdom:Melissa Sturgess Joe NallyDwyka Diamonds Limited Williams de Broe Plc(+618) 9324 2955 (+44) 20 7588 7511 Or visit: Laurence Read / Leesa Petershttp://www.dwykadiamonds.com Conduit PR (+44) 20 7936 9095 / (+44) 7979 955 923 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Nyota Minerals