North Australian Diamonds Limited

Investors

North Australian Diamonds Limited (NADL) is publicly listed on the Australian Stock Exchange, trading under the symbol NAD.

The Company is developing its flagship Merlin Diamond Mine Project in the Northern Territory, Australia with the aim of establishing a sustainable long term mining operation that delivers value to all stakeholders. In addition NADL is engaged in extensive exploration for further sources of diamonds in and around Merlin, and in other areas of the Company's tenement holdings associated with its North Kimberley, Yambarra and Arnhem Land projects.

The outlook for rough diamond prices over the next 10 years is favourable as prices and confidence return to 2008 pre-crisis levels from the 30% drop experienced during the GFC¹. 

Independent Diamond Valuers Pty Ltd recently completed valuations of the run of mine (ROM) rough diamond parcel, with the price now being assessed in excess of US$330 per carat. Independent Diamond Valuers Pty Ltd stated in their recent valuation, "The Merlin production was sold to the Antwerp market for a number of years by its previous owners Rio Tinto and Ashton Mining, during that period the Merlin production was a sought after item and which to this day is recognised by Diamantaires for its exceptional white content in the higher quality goods. Reintroducing the Merlin production to the market would be a relatively straight forward task and would certainly be well received by Diamantaires."

NADL offers a unique growth profile within the diamond sector, with its competitive advantage based on the quality of its diamonds. The Merlin mine has shown that it produces large stones of high quality and of a distinct 'super-white' colour, and by capitalising on this it will enable 'branding' and boutique marketing opportunities, facilitating the development of a uniquely Australian diamond brand.  

¹"Sparkle Returns" Bram Janse, Mining Journal, 10 September 2010.

• 7 February 2012 Appendix 3B - Issue of Shares > Read more

• 31 January 2012 Quarterly Activities Report for the period ended 31 December 2011 > Read more

• 25 January 2012 Appendix 3B - Issue of Shares > Read more

• 16 December 2011 Appendix 3X - Dr D S Tyrwhitt > Read more

• 16 December 2011 Appointment of Dr David Tyrwhitt as a Director > Read more

• 25 November 2011 Annual General Meeting November 2011 > Read more

• 25 November 2011 Results of Annual General Meeting 2011 > Read more

• 31 October 2011 Quarterly Activities Report for the period ended 30 September 2011 > Read more

• 25 October 2011 NADL Annual Report 2011 > Read more

• 24 October 2011 Notice of 2011 Annual General Meeting > Read more