Mining Intelligence and News
South Africa

Lace Mine

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Categories

Overview

Mine TypeUnderground
StatusInactive / Suspended
Commodities
  • Diamond
Mining Method
  • Longhole open stoping
Mine Life... Lock
SnapshotStatus: flooded as of July 2021

Owners

SourceSource
CompanyInterestOwnership
BEE 30 % Indirect
Almas Resources Ltd 70 % Indirect

Deposit type

  • Kimberlite

Summary:

The Lace Mine lies within the south central Archean Kaapvaal Craton within a subcluster of kimberlites referred to as the Kroonstad Group II Kimberlite Cluster (Howarth, 2010) of which only Lace and nearby Voorspoed have seen formal mining. Four other small kimberlite blows and several dykes are known within the cluster.

The Lace Mine lies within the south central Archean Kaapvaal Craton within a subcluster of kimberlites referred to as the Kroonstad Group II Kimberlite Cluster (Howarth, 2010) of which only Lace and nearby Voorspoed have seen formal mining. Four other small kimberlite blows and several dykes are known within the cluster.

Drilling from surface through the wallrocks into the kimberlites in 1997-98 outlined a relatively simple stratigraphy of Karoo shales to ~60m, Ventersdorp volcanics to ~300m, an intercalated shale/volcanic sequence to ~350m, clean lavas again to 380m, and then Kameeldoorns Formation shales again to ~550m, the deepest wall rock drilling to date, in hole Crown-1. We therefore do not believe that Transvaal Supergroup rocks are present at Lace based on drilling to date.

The Lace kimberlites have been dated at 133.2 +/- 2.8 Ma by the 40Ar/39Ar technique on ground mass phologopite grains, similar to the early Cretaceous ages of the other Kroonstad kimberlites and to other Group II kimberlites in South Africa including Finsch.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsLOM (Projected)
Diamond carats 478,274

Production Costs

Commodity production costs have not been reported.

Heavy Mobile Equipment

Fleet data has not been reported.

Aerial view:

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