North Australian Diamonds (NAD)

Shares / Stock Code

NAD

Stock Exchange / Sharemarket

Australian Securities Exchange

North Australian Diamonds (NAD) is an Australian-listed exploration company focused on diamond exploration within the Northern Kimberleys, WA. North Australian Diamond's key project is the Beta Creek Project and specifically the trial mining of the diamond-bearing Ashmore Kimberlite pipes. The company was listed on the ASX in October 1979. In June 2005, the company underwent a name change from Striker Resources NL. NAD's head office is situated in Perth.

NAD has an exclusive diamond licensing agreement with Rio Tinto Exploration over the majority of its extensive Kimberley diamond database. The diamond database contains information relating to approx. 13,000 sample sites, which has been accumulated over a 30 year period. Also the company has a farm-in agreement with De Beers Exploration Australia to earn 100% interest in tenements with a total project area of 13,500 square kilometers in the Arnhem Land region of the Northern Territory.

North Australian Diamonds competes with other diamond explorers and producers based both in Australia and overseas. These include Diamonex, Astro Diamond Mines and Diamond Rose. NAD sells its diamonds to the industrial sector, jewellery stores and wholesalers and to private investors.

The Company’s wholly owned subsidiaries include Striker Diamonds Pty Ltd, Merlin Diamonds Pty Ltd and Arnhem Land Pty Ltd. During the fiscal year ended June 30, 2008 (fiscal 2008) the Company spun-out its subsidiary Top End Uranium Ltd. In February 2010, Legend International Holdings, Inc. held 47.83% interest in the Company.

North Australian Diamonds (NAD) Products and Services

  • Diamond exploration focused on the Merlin Kimberlite Field (NT) and North Kimberley (WA) project areas.

North Australian Diamonds (NAD) Locations and Subsidiaries

North Australian Diamonds Head Office
Level 8, 580 St Kilda Road, MELBOURNE,
VIC, AUSTRALIA, 3004
Phone: 03 8532 2800
Fax: 03 8532 2805

North Australian Diamonds (NAD) Share Price

Submitted by ASX Listed Company on 14 May, 2010 - 21:11

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