Newfield Resources Limited (ASX: NWF) – $0.450

16 May 2016

Newfield Resources Limited (ASX: NWF) has recovered over 2,000 carats of diamond from its 100% owned Allotropes Diamond Project in Sierra Leone (Figure 1).


NWF Allotropes Diamond

Figure 1. Location of the Allotropes Diamond Project along the diamondiferous Sewa River, Bo District


The diamonds recovered are from an ongoing alluvial trial mining and resource definition program being undertaken by the company. The rough diamonds will be subject of the next offering for sale by tender commencing 17 May 2016.

The parcel on offer contains a high proportion of white gems and the average stone size has increased by 18% from the previous parcel sold (Figure 2). There has also been an increase in the incidence of stones weighing 2 carats, approximately 10% of the total weight of the parcel. The largest gem quality stone recovered is 7.78 carats.


NWF rough diamonds

Figure 2. A selection of rough diamonds from the tender


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