Gibb River Diamonds Set for Ellendale Mining Restart

Gibb River Diamonds Limited (AU:GIB) has released an update.

Gibb River Diamonds Limited has announced the successful completion of an Aboriginal Heritage Clearance Survey and a comprehensive Flora and Faña Survey on its main lease, M04/477, at the Ellendale Diamond Project, paving the way for the resumption of diamond mining. No significant environmental impediments were identified, and the company is now advancing towards publishing a JORC Resource for the high-grade E9 Alluvials. Concurrently, GIB is exploring a range of financing options, including partnerships and debt or equity funding, to develop the mining operation.

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