News Bureau

May 13, 2022

Diamcor to attend investment conference

Diamcor Mining invite diamond players to visit us at Booth #228 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 & May 18, 2022. Management will be present at the Booth both days and looks forward to engaging with various parties interested in learning more about the Company.

Diamcor is in the final stages of development and ramping up processing volumes at its Krone-Endora Project. The Project is already cash flowing from large scale trial mining exercises and is directly related and co-located with De Beers flagship Venetia Diamond Mine in South Africa. 

The Company has a proven history of supplying rough diamonds to the world market and a strategic alliance with world famous luxury retailer Tiffany & Co.  Diamcor recently announced its rough diamond average dollar per carat increased by 38% to US$278/carat over the previous quarter, and is targeting further increases in processing volumes and further expansion into surrounding areas in the near-term. 

The Company is well positioned with a long-term ability to supply quality rough diamonds at a time when supplies are becoming constrained due to the age of existing diamond mines, lack of new discoveries, and the current geopolitical environment, all of which point to the potential for supply shortages in the future.

The VRIC will include a marketplace of 225 investment opportunities in the mining industry, spanning early-stage exploration to advanced producing mines.


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