DiamondCorp to raise £2,95m for further development

Mining Weekly.com reports that DiamondCorp (LON:DCP) intends to raise funds through a share offering for further work at its’ Lace Prospect property. 

The editorial is quoted as saying:

However, an independent review suggested that the 260-m level at Lace was a superior bulk-sampling target to the original target on 240-m level, as access to most areas of the pipe would be unrestricted. But the additional 20 m of vertical depth required 140 m of additional decline development and would add about six weeks to the programme. The direct cost impact of the change would be about £450 000.

To access the full editorial, click here.