Executive Summary
Brazilian Diamonds is a development stage company engaged in the acquisition, exploration and development of kimberlite and alluvial diamond properties in Minas Gerais State, Brazil. The Company's principal activities are in the Serra da Canastra Kimberlite Province where the Company has over 115,000 hectares of prospective exploration properties, including the advanced stage diamondiferous Canastra 1 kimberlite pipe acquired from De Beers Brasil Ltda (the \De Beers assets\). In addition, the Company has over 100,000 hectares of alluvial and kimberlite exploration properties in the Paranaiba, Santo Antonio do Bonito and Abaete River Basins and has a joint venture with Hidefield Plc (AIM: HIF) in respect of the Cata Preta gold property.
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