North Australian Diamonds Limited

Merlin Orbit Tenements

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The Merlin Orbit tenements comprise an area of some 2,962sq km, and encompass numerous unresolved occurrences of indicator minerals and diamonds.

Of significant importance is the Tintagel project area to the south of Merlin where significant numbers of alluvial diamonds in drainages provides strong evidence for the potential to discover new diamond-bearing kimberlite pipes. This is supported by diamond provenance studies which indicate that numerous diamonds recovered from this area have not come from the known Merlin kimberlites. Initial
exploration by the previous owners of the Merlin Orbit tenements recovered commercial size diamonds in the Glyde River. These results were repeated and improved upon by NADL's exploration work with both macro and micro diamonds and indicator minerals being recovered in a geographically constrained area. In addition to the Tintagel project, the surrounding orbit tenements contain a number of high interest anomalies.

A review of the Merlin exploration sampling data identified 25 indicator mineral and diamond anomalies of which 17 are considered to be high priority exploration targets. Follow-up sampling and ground inspection was carried out and further exploration programmes are planned on the targets. The Company continues to strengthen its land holdings in the area.

Lancelot

The Lancelot Prospects are situated some 40km south of Merlin and comprise an area where there are significant numbers of indicator minerals and diamonds reporting to surface samples.

Drill testing of a number of geophysical, geochemical and indicator mineral anomalies in both of these areas was completed in late 2009 with 77 holes drilled for 2,753 metres.

Trench mapping and heavy mineral sampling has led to the identification of indicator mineral bearing eluvial material believed to be derived from the eroding rocks in the southern part of the licence area. The samples have not been processed for diamonds. Further sampling of this eluvial material towards its interpreted source area are being undertaken aimed at identifying the source rock.    

• 1 May 2012 Quarterly Activities Report for the period ended 31 March 2012 > Read more

• 27 April 2012 Sale of Diamonds > Read more

• 15 March 2012 Report for the Half-Year ended 31 December 2011 > Read more

• 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