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Glossary

A

Aeromagnetic

refers to a geophysical magnetic survey carried out above the ground commonly using a helicopter or a fixed wing aircraft

Alluvial

deposits of diamonds which have been removed from the primary source by natural erosive action over millions of years, and eventually deposited in a new environment such as a river bed, an ocean floor or a shoreline

Autogenous mill

so-called due to the self-grinding of the ore: a rotating drum throws larger rocks of ore in a cascading motion which causes impact breakage of larger rocks and compressive grinding of finer particles

B

BEE

black economic empowerment

Bulk sample

a large sample for the purpose of estimating the grade of a diamond deposit and to produce a large enough quantity of diamonds to enable an evaluation of diamond quality

brecciated volcaniclastic Kimberlite

resedimented volcaniclastic kimberlite with 40% to 75% granite clasts

C

Carat or ct

a measure of weight used for diamonds, equivalent to 0.2 grams

Cpht

carats per hundred tonnes

Craton

a part of the Earth’s crust which has been relatively stable for a very long period

Cut-off grade

the lowest grade of mineralised material considered economic to extract; used in the calculation of the ore reserves in a given deposit

ctpa

carats per annum

D

Dense Media Separation or DMS

a gravity separation process using a solid/liquid suspension

Diamond grade

the content of diamonds, measured in carats, within a volume or mass of rock

Diamondiferous

containing diamonds

Drawpoint

openings on the sides of the drift going up into the block cave

E

EBITDA

earnings before interest, tax, depreciation and amortisation

Eluvial

a mass of sand, silt, etc: a product of the erosion of rocks that has remained in its place of origin; derived by in-situ weathering only, or in-situ weathering with gravitational movement

EPS

earnings per share

Exploration

prospecting, sampling, mapping, diamond drilling and other work involved in the search for mineralisation

F

Feasibility study

a definitive engineering estimate of all costs, revenues, equipment requirements and production levels likely to be achieved if a mine is developed; the study is used to define the economic viability of a project and to support the search for project financing

Fissure

informal term for a narrow, vertical, vein-like kimberlite dyke

FY

Full Year

G

Geophysical prospecting

the prospecting of an area in which physical properties (e.g. resistivity, gravity, conductivity, magnetic properties) unique to the rocks in the area are quantitatively measured by one or more geophysical methods

Geophysics

mineral exploration techniques which measure the changes in various physical properties of the Earth’s crust
– and which may be ground-based or airborne; measures electrical, magnetic, gravity or other properties
Gravity – a technique which measures variations in the local gravity field
Magnetic – an airborne or ground-based technique which measures variations in the Earth’s magnetic field
Electromagnetic – any of a large number of geophysical techniques which measure the electrical properties of the Earth and are very applicable to mineral exploration

Grade

the content of diamonds, measured in carats, within a volume or mass of rock

Granite

a medium to coarse-grained felsic intrusive rock that contains 10-50 per cent. quartz

Grizzly

iron bars (over an ore pass or a hopper) spaced to control the size of broken rock going into the ore pass, or crushing plant

Group I kimberlite

Group I kimberlites contain ilmenite as an accessory mineral and have an approximate age of 80 million years. Koffiefontein and Cullinan are examples of Group I kimberlites.

Group II kimberlite

otherwise known as orangeites or micaceous kimberlites, Group II kimberlites do not contain ilmenite as an accessory mineral. The absence of ilmenite indicates that a Group II kimberlite has different sources of magma and perhaps intrusion history to Group I and it is thought to have been formed by contamination of kimberlitic magma during its passage through the Earth’s crust. Group II kimberlites have an approximate age of 120 million years old. The Fissure mines and Finsch are examples of Group II kimberlites.

H

H1 or H2

first half, or second half, of the financial year

ha

hectare, equal to 10,000 square metres

Hardrock

with reference to the deposition of diamonds, these deposits include kimberlite pipes, dykes, blows and fissures as well as lamproites

I

Indicated Diamond Resource

that part of a diamond resource for which tonnage, densities, shape, physical characteristics, grade and average diamond value can be estimated with a reasonable level of confidence. It is based on exploration sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed and sufficient diamonds have been recovered to allow a confident estimate of average diamond value (SAMREC Code)

Indicator minerals

minerals that can help locate the presence and establish the diamond-bearing potential of kimberlite; these minerals do not weather easily and are preserved in soils and gravels

Inferred Diamond Resource

that part of a diamond resource for which tonnage, grade and average diamond value can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified by geological and/or grade continuity and a sufficiently large diamond parcel is not available to ensure reasonable representation of the diamond assortment. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that may be limited or of uncertain quality and reliability (SAMREC Code)

In situ

in its original place; most often used to refer to the location of the mineral resources

J

Jig Plant

small plant that concentrates diamonds and other relatively dense minerals

K

Karoo time

approximately 300 Ma to 80 Ma ago

Kimberlite

a brecciated ultrabasic igneous rock containing phlogopite mica, bronzite pyroxene and ilmenite; kimberlites may or may not contain diamonds

kimberlite indicator minerals

diamonds, garnets, and several other minerals, the presence of which are used to identify kimberlitic rocks

ktpa

thousand tonnes per annum

M

Ma

one million years

Massive

a rock texture that has no layering or regular structure

Mctpa

million carats per annum

Mcts

million carats

Measured Diamond Resource

that part of a diamond resource for which tonnage, densities, shape, physical characteristics, grade and average diamond value can be estimated with a high level of confidence. It is based on detailed and reliable exploration sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and grade continuity and sufficient diamonds have been recovered to allow a confident estimate of average diamond value.

Milling plant

crushing plant; milling implies finer grinding

Mini bulk-sample

a large sample, commonly in the order of 50 tonnes to 100 tonnes, for the purpose of determining the exploration potential of a diamond prospect

Mt

million tonnes

Mtpa

million tonnes per annum

N

NAV

Net asset value

NPV

Net present value

O

Opencast or open pit

mining in which ore that occurs close to the Earth’s surface is extracted from a pit or quarry

Optical sort plant

a plant designed to capture diamonds that don’t fluoresce well under X-ray (i.e. Type II diamonds)

Orebody

a continuous well-defined mass of material of sufficient ore content to make extraction feasible

Overburden

material of little or no value, which overlies rock formations of economic interest

P

pa

per annum

Primary deposit

with reference to the deposition of diamonds, these deposits include kimberlite pipes, dykes, blows and fissures as well as lamproites; contrasted with alluvial

Primary gravel

potentially diamondiferous alluvial gravels derived from primary deposits

Probable reserves

the economically mineable material derived from a measured and/or indicated diamond resource. It is estimated with a lower level of confidence than a proven reserve. It is inclusive of diluting materials and allows for losses that may occur when the material is mined. Appropriate assessments, which may include feasibility studies, have been carried out, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction is reasonably justified

Proven reserves

the economically mineable material derived from a measured diamond resource. It is estimated with a high level of confidence. It is inclusive of diluting materials and allows for losses that may occur when the material is mined. Appropriate assessments, which may include feasibility studies, have been carried out, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction is reasonably justified

R

Rehabilitation

the process of restoring mined land to a condition approximating to a greater or lesser degree its original state

Reverse circulation

a method of percussion drilling used to provide large samples of the subsurface rocks

ROM

run-of-mine

S

Shaft

an underground vertical or inclined passageway

Sink

high density material in which diamonds are concentrated

Slimes

the fine fraction of tailings discharged from a processing plant without being treated; in the case of diamonds, usually that fraction which is less than 1mm in size

Slimes dam

a storage facility for all fine waste products from the processing plant

Slurry

a thick suspension of solids in a liquid

Slusher drift block cave

a block cave where drawpoints are not loaded individually, but are allowed to empty into a drift that is cleaned by a slusher (or a scraper winch)

Stockpile

a store of unprocessed ore

Strike

the strike line of a bed, fault, or other planar feature is a line representing the intersection of that feature with a horizontal plane

T

t

metric tonne

Tailings

material left over after processing ore

Tailings dump

dumps created of waste material from processed ore after the economically recoverable metal or mineral has been extracted

Tonnage

quantities where the tonne is an appropriate unit of measure; typically used to measure reserves of target commodity bearing material or quantities of ore and waste material mined, transported or milled

tpa

tonnes per annum

tpd

tonnes per day

tph

tonnes per hour

tpm

tonnes per month

Transvaal Supergroup

a sequence of sedimentary rocks in Southern Africa deposited between 2.65 and 2.05 Ga

Type II diamonds

Type II diamonds are defined by containing no detectable nitrogen and are often colourless or brown

V

Volcaniclastic

describes a sedimentary rock composed of fragments of volcanic rocks

X

X-ray

a form of electromagnetic radiation

Y

Yield / Recovered grade

the actual grade of ore realised after the mining and treatment process