Blumont

Blumont - Announced that further to an earlier announcement to acquire a 10.92% stake in Merlin Diamonds, Blumont has announced a takeover bid for all of the remaining shares in Merlin Diamonds. Merlin Diamonds’ flagship diamond project is the only diamond mine in Australia’s Northern Territory, and the Project has a combined Mineral Resource and Ore Reserve of 30.1m tonnes representing a total contained 7.2m carats, making it the second largest combined diamond resource and reserve in Australia.