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drsilicone Free

03/06/07 10:47 PM

Post #3

Klipspringer Joint Venture
• BUILT AND OPERATED BY SOUTHERNERA
• JOINT VENTURE - 57% SOUTHERNERA / 43% NAKA
• 2.6 KM DECLINE – BUILT IN 15 MONTHS
• MINE LIFE APPROXIMATELY 10 YEARS
• FULL PRODUCTION 30,000 TPM; 46.5 CPHT; 151,200 CARATS PER ANNUM
• SOUTH AFRICA’S 3RD HIGHEST VALUE GEM DIAMONDS
• SUSPENDED DECEMBER 2003 DUE TO STRENGTH OF SOUTH AFRICAN RAND
• TRIAL MINING BEGAN IN SEPTEMBER 2006

In December 2006, SouthernEra announced that the implementation of a new mining method during the trial mining program (that) increased the revenue per ton by 94%.

*from southernera.com

drsilicone Free

03/06/07 10:42 PM

Post #2

From their website ---

"SouthernEra was formed 14 years ago as a focused diamond exploration company. In the decade that followed, our company emerged as a leading diamond mining company following the discovery and development of the Marsfontein and Klipspringer diamond mines in South Africa.

We pride ourselves on the dedication, professionalism and skill, of our exploration teams. SouthernEra Diamonds Inc. today has one of the most impressive portfolios of diamond exploration projects with advanced projects underway in Canada, Democratic Republic of Congo, Gabon and South Africa. All projects are located in high-potential diamond-rich areas with mineral analyses taking place in the Company’s two recovery laboratories situated in Canada and South Africa.

Good corporate governance is of fundamental importance to our board of directors and the management team. Transparency and adherence to best principles guide us in all jurisdictions in which we do business. SouthernEra fully endorses the Toronto Stock Exchange Guidelines for Corporate Governance and has been ranked highly by independent monitors for its achievements."

drsilicone Free

03/06/07 4:11 PM

Post #1

Really interesting company publishing first production today. Great financials with a book value of $0.21 and near its 52 week low.... a great entry point for a story that's just beginning.

Southenera Diamonds Inc (SDM)

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SouthernEra recovers 3,124 diamonds from Badibanga, DRC average grade 2.00ct/m(3) TORONTO and LONDON, March 6 /CNW/ - SouthernEra Diamonds Inc. (TSX: SDM, AIM: SRE;) today reported that the first bulk sampling trench at its 100% owned Badibanga Alluvial Diamond Project ("Badibanga") in the Democratic Republic of Congo ("DRC") has been completed returning an average recovered grade of 2.00 carats per cubic meter (ct/m(3)). The diamond processing plant recovered a total of 3,124 diamonds totaling 348.11 carats from 174 cubic meters (m(3)) of targeted alluvial basal gravel from this first sample. The largest recovered diamond was 1.75ct. The initial program is continuing with the objective of extracting a representative parcel (2000 carats) for diamond valuation purposes. Badibanga is one of SouthernEra's two large alluvial diamond projects and is located in Kasai Oriental Province approximately 60 km to the northwest of the producing Mbuji-Mayi Kimberlite diamond region. Historical reports indicate that, between 1926 and 1955, the Belgian mining companies Forminiere, E.K.L. and Socieite de Miniere du Beceka mined in excess of 194 million carats from the area within and adjacent to SouthernEra's permits. The initial bulk sample program is targeting an alluvial flats area, named Flats D-E and F within an area historically termed by Forminiere as the "Lubi-Lukula Triangle". SouthernEra has extracted and processed a total of 174 m(3) of basal gravel from the first bulk sample trench (Lb51b) within Flat F. Trench Lb51b has overburden consisting of clay-rich top-soil (~0.5m), unconsolidated white sand (max 2m), non diamond-bearing "travel gravel" (~0.6m), followed by 0.5m to 1.5m of diamond-bearing basal gravel, containing cobbles and boulders. In addition to the extraction of the 2,000 carats for diamond valuation purposes, smaller bulk-sample pits averaging 10m x 10m in size have been positioned at 40m intervals along 200m spaced lines across the rest of the same flat (Flat F) and will be sampled in the coming months. This sampling will assist in recording accurate geological information for the rest of the flats, as well as highlight any grade or stone-size changes across the flats. The 2,000 carat bulk sample is phase one of the Badibanga program and is expected to be completed in the second quarter of 2007. Based on positive results from phase one the second phase will consist of methodical pitting and drilling to increase confidence levels in the resource and facilitate a decision to mine. President and CEO Alasdair MacPhee said, "The initial results are extremely encouraging and have already gone a long way in confirming the reliability of the historical grade data received late in 2006. Our objective is not one of detailed resource definition but to move this project into production and generate cashflow as soon as possible. " Technical reports prepared by the Royal Museum for Central Africa ("RMCA"), Department of Geology and Mineralogy, Tervuren, Belgium, from Forminiere exploration reports, illustrated the presence of historical non-43-101 compliant, unmined, diamond deposits totaling 3.49 million carats within the Lubi-Lukula Triangle. This deposit is reported in a 1951 reserve table that does not report volume and grade data but instead reports on estimated carats within each alluvial flat. These reserves do not conform to the CIM definition standards on mineral resources and mineral reserves. Included in the technical report is a historical map showing pit sample locations with the recovered diamond grade from each pit. The map indicates that the average diamond grades in the alluvial flats approximate 1 ct/m(3) with average grades of individual flats on the Lubi River as high as 1.7 ct/m(3). The highest individual sample pit was historically documented at 10.61 ct/m(3). SouthernEra has not classified the historical estimates as current mineral resources/reserves and is not treating the historical data as mineral resources/reserves. The reader is warned that historical estimates and current studies on historical reports should not be relied upon. Badibanga photographs have been posted on SouthernEra's website. SouthernEra is also evaluating a second alluvial project area in the DRC. The 70% owned Tshikapa alluvial diamond project is underway in joint venture with two local companies. Mr. Uwe Naeher, Professional Geologist and SouthernEra's Western Exploration Manager, is the qualified person, under NI 43-101, responsible for the technical information in this release. Mr. Naeher has reviewed the contents of this release. SouthernEra Diamonds is one of Canada's fully integrated diamond companies with extensive alluvial and kimberlite diamond exploration in the DRC as well as other countries including Canada and South Africa. The Company also holds the Klipspringer Diamond Mine in South Africa and maintains an 18 percent free-carried interest in the Camafuca Diamond Project in Angola. Some statements contained in this news release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include comments regarding exploration work. Actual results could differ materially from those anticipated. The Company disclaims any obligation to update forward-looking statements. For further information: SouthernEra Diamonds Inc., Howard Bird, Senior Vice President Exploration or Sharon Allan, Investor Relations, Telephone: (416) 359-9282, Fax: (416) 359-9141, E-mail: inbox@southernera.com, www.southernera.com