Newfield Resources is on track to produce the first diamonds from its Tongo diamond mine in Sierra Leone in the fourth quarter of this year, the company announced last week in a press release. Newfield Executive Director, Karl Smithson, said the ASX-listed company is ready to commence the drilling and blasting of the underground decline.
Following a positive Final Investment Decision (FID) for its flagship Tongo Diamond Mine Development in Sierra Leone, Newfield Resources says that construction is now set to commence. The company says it will complete it box cut excavation, and the first blasts for the underground portal entrance and decline construction are expected to occur over coming weeks.
Newfield Resources has received the green light to commence development of the Tongo Kimberlite Project (Tongo) in Sierra Leone, which will become the world's newest diamond mine which is expected be operational in 2020. Confirmation of the plans to develop the mine came in the form of the recently completed postive Front End Engineering and Design (FEED) study, establishing probable reserves at just over one million carats of diamonds at 100 cpht, with a Final Investment Decision (FID) expected in Q3 2019.