Dominion Diamond Updates Mine Plan for Ekati

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) released an updated mine plan for the Ekati diamond mine that includes “current estimates for anticipated annual production by pipe, with associated operating costs and capital costs.”

The company also said it is granting inferred resource status to Misery Satellite material previously identified as an exploration target.

As quoted in the press release:

Table 1 shows the planned mining tonnage for each ore body. The data is given on a full financial year basis from fiscal 2015. These figures do not include rough diamond stocks held at the mine at the opening of each year, nor does the model take into account any rough diamond inventory available for sale that the Company currently holds.

In addition to probable reserves, this plan (the base case) includes the development and mining of the Lynx pipe that is currently an indicated resource. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Table 1: Tonnage Mined – Ekati Diamond Mine (100% Basis)

  Reserves Mined (Tonnes Millions)   Additional Resources
Fiscal Year  Fox  Misery Main   Pigeon  Koala   Total   Lynx * 
2015 0.61 - - 0.83 1.43   -
2016 - 0.02 1.24 1.04 2.31 -
2017 - 1.29 0.85 1.06 3.20 0.12
2018 - 1.72 0.10 1.01 2.83 0.96
2019 - - 1.78 0.80 2.58 -
2020 - - 3.41 0.47 3.88 -
Total 0.61 3.03 7.39 5.21 16.24   1.09

* Lynx is part of the Buffer Zone. All other deposits are part of the Core Zone.
Figures may not add up due to rounding.

Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.

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