Consistent with the recently completed FEED Study development timeline, Newfield Executive Director, Karl Smithson says “we expect to be mining the first diamonds within 12 months of initial portal blasting.” Newfield has binding agreements to issue two tranches of unlisted, unsecured corporate bonds totalling up to approximately US$30.5 million, which will deliver funding to commence development at Tongo.

Source: www.thediamondloupe.com