Burgundy Diamond Mines reports positive indications for Misery mine life extension

Burgundy Diamond Mines Limited (ASX:BDM) has announced positive preliminary results from its ongoing drilling programme at its Misery underground mine. The company's CEO, Kim Truter, expressed pleasure in the results, indicating that the Misery pipe is likely to stay in production well past the original 2026 date. The drilling activities have confirmed Burgundy's understanding of a larger ore body at depth, with the intersecting of the kimberlite pipe contact earlier than modelled. Additionally, a Fancy yellow diamond was discovered during the drilling, further adding to the positive indications for the mine's life extension.

Executive Commentary on Misery Mine Life Extension

CEO, Kim Truter, stated, 'We are pleased to announce that results from our current drilling programme are indicating that the Misery pipe, which is a very high value ore source requiring almost zero development capital, is very likely to stay in production well past the original 2026 date.'

Summary of Burgundy Diamond Mines' Announcement

Burgundy Diamond Mines (ASX:BDM) has reported positive indications for the extension of the Misery underground mine's life. The ongoing drilling programme has revealed promising results, with the confirmation of a larger ore body at depth and the discovery of a Fancy yellow diamond. The company is confident in its decision to resequence the Sable underground project and associated development capital by at least a year due to the projected surplus of ore availability. Burgundy plans to release updated Mineral Resource and Ore Reserves for the Misery Main ore body and its Southwest extension in the next six months, with Ekati's new official extended mine plan to be published shortly thereafter in Q1-2025.