Executive Summary
Namibian Resources plc, through its 100% owned subsidiary Sonnberg Diamonds (Namibia) (Pty) Limited, holds a contract from NAMDEB Diamond Corporation (Pty) Ltd (\NAMDEB\) for the prospecting and mining of diamonds within the Pomona concession in the Luderitz District of Namibia. NAMDEB is a private company whose shares are held 50% by the Namibian Government and 50% by De Beers Consolidated Mines Ltd. The concession area covers an area of about 120 square km (12,000 ha), and the Company is authorised by NAMDEB to prospect and mine in certain defined areas within this concession.
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