high value diamond deposit
Ready for Production
who we are
Newfield and its subsidiaries have spent over 20 years in the West African region working on the exploration, development and mining of diamond deposits. Its current flagship asset, the Tongo Diamond Development in Sierra Leone is now at the production stage.
PROJECT HIGHLIGHTS
With over US$80m already invested and over 2km of underground infrastructure built, Tongo is ready to begin generating revenue from its initial Mine Plan.
2.3cpt
From an 8.3Mct JORC Resource, making Tongo one of the highest grade diamond deposits wordwide. Actual mining grades currently exceeding forecasts by 38% on average.
$216/ct
USD per carat generated from first two diamond sales, 85% higher than the average global diamond price
3 of 11
Known diamondiferous kimberlites are included in the initial mine plan, with only 5 of the total included in the Resource so far