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Tango Provides Update on Recent Diamond Sales from Oena Mine

Editorial Checklist

Reviewed

Apr 29 2017

Tango Mining Limited is pleased to provide an update on recent diamond sales from the Oena Diamond Mine, Republic of South Africa.

During the period 21 March to 17 April 2017, a total of 312 carats (199 diamonds) were produced. A total of 250 carats were placed on tender in Johannesburg and sold with an average price of US$1,155 per carat. It is planned for 62 carats to be exported to Dubai to be sold by ATC Enterprises DMCC ("ATC") (see news release of 19 May 2015). Diamond production from Oena, since acquisition, now totals 876 carats, of which 804 carats have been sold at an average price of US$1,290 per carat.

The top three highest value diamonds recovered during this period include: a 14.64 carat diamond which sold at US$5,019 per carat, a 6.35 carat diamond which sold at US$3,357 per carat and a 7.82 carat diamond which sold at US$3,377 per carat.

Source:

http://tangomining.com/diamond-sales-from-oena-diamond-mine-south-africa

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