Investment company Casella Global, cited by AIM, has announced its first diamond recovery following an investment in new diamond recovery technology at its subsidiary Deep Blue Minerals in Alexander Bay, South Africa.
This development marks a significant step towards DBM becoming a self-sustaining, cash-generating business.
Dennis Edmonds, CEO of Kazera Global plc, commented: “This is a landmark moment for both DBM and Kazera. Our investments in new technology are already delivering results that have significantly exceeded management’s expectations. With large reserves continually replenished in preparation for treatments, we now have a clear path towards regular diamond sales and profitability.”
“We look forward to our diamond business evolving from a ‘nice to have’ to a significant revenue generating business in its own right. Our field team has worked tirelessly to achieve this milestone and I would like to thank them for their efforts. We are confident that we are now well placed to realize the full potential of this exciting diamond asset.”
After a period of optimization, we are pleased to report that DBM has successfully recovered its first diamond using the new pulsating jig and flow sorting technology. DBM also has a significant stockpile of diamond-bearing gravel on site, which is currently being processed. These gravels are a by-product of the group’s HMS operations.
Although final sorting and evaluation is still underway, early indications suggest that approximately 45 carats containing 89 stones have been recovered from the first 100 tonnes of graded diamond gravel processed on site. This initial recovery rate is approximately three times the company’s initial recovery estimate. Additionally, the average size of the diamonds recovered exceeds those typically found in the region, and as a result, they are expected to sell for high prices. As a result, the realized price per carat is expected to be approximately US$100 higher than the Group had previously anticipated.
Sales are regularly conducted by Alexkor SOC Limited, a South African government-owned organization that holds the rights to all diamonds in the region. The next sales date has not yet been determined. The Board of Directors expects that the continued processing of the diamond gravel stockpile will provide a steady stream of additional stone, providing the Group with a regular source of income from the sale of diamonds in the future.
DBM’s operations are located in the 80km-long Alekkor Diamond Field in South Africa’s diamond-rich Alexander Bay region, located between two historic De Beers mines. The company plans to continue optimizing operational efficiency and building sustainable, long-term production capacity on site.
The article is available online: https://www.globalminingreview.com/mining/08092025/kzera-recovers-first-diamonds-following-installation-of-new-processing-equipment/
