Structure
February 2013
El Nino Mining creates 50/50 SPV with Emu NL (Australia) to purchase Superkolong
May 2014
Batla buys out Emu's 50% share.
Batla owns 100% of Superkolong Diamond Operations
August 2014
Batla buys additional 9% of KMF and increases production to 200k+ tons per month
| Year ending 31 March 2014 | Estimate for year ending 31 March 2015 | |
| Number of tons | 1.452.562 | 2 million |
| Carats | 75.715 | 108.000 |
| Carats / 100 tons | 5.21 | 5.4 |
2001
Alluvial Ventures (AV) entered into contract with Lešteng Mine in Lesotho
Feb 2011
Upgraded Letšeng plant with 2 new crushers to handle hard kimberlite
Sept 2011
Reached full production, 100k tons of hard kimberlite per month
CY 2011
Processed 1.08 million tons of ore, recovered 11,238 carats
CY 2014
Processed 988.908 tons of ore, recovered 10,221 carats
| Letšeng Mine, Lesotho | Year ending 31 March 2013 | Year ending 31 March 2014 | Estimate for year ending 31 March 2015 |
| Number of tons | 1.025.901 | 988.908 | 1.020.000 |
| Carats | 10.153 | 10.221 | 9.155 |
| Carats / 100 tons | 0.99 | 1.03 | 0.90 |
Phase 1
2014-2015 CAPEX & OPEX estimate at $750K
Kolo
Set up processing
Conduct 60K tons pre-mining test
Sekameng
Complete 50K tons bulk sample to verify existence, quality and value of diamonds
Phase 2
2015-2016 CAPEX est. $2Mil OPEX est. $8/ton
Kolo
Make capital investments to increase capabilities and process 50K tons/month
Sekameng
Process a larger bulk sample of 200K tons
Phase 1 - 2012-2013 CAPEX & OPEX est. $2Mil (secured)
Phase 2 - 2013+ CAPEX est. $10-15Mil