October 29, 2009 Namakwa Diamonds Limited summarized activites at its North West Province, South Africa and DRC alluvial diamond operations for the year ended August 31, 2009. Following a shutdown of North West Province alluvial operations in November 2008, all but thte South Node operations recommence in 2009. The North West produced 26,256 carats during the year, with an average grade of 0.61cpht and an average cost of US$367/ct. The average price for the year was US$325/ct, with a significant increase between Q3 and Q4 from US$244/ct to US$383/ct. Expansion of the South East Node will see the capacity of the DMS ramped-up to 400-450 tonnes per-hour in 2010, at an estimated one-off capital cost of US$1.6 million, as the mine becomes the Group's flagship operation in the North West. In the DRC trial mining from June to the end of August at two locations along the Kasai River resulted in 20,486 carats recovered during the year with an average recovered grade of 7.72cpht.
