Resource and Investment (RNI)

Shares / Stock Code

RNI

Stock Exchange / Sharemarket

Australian Securities Exchange

Resource and Investment (RNI) is an exploration company primarily searching for diamonds, with tenements mainly in South Africa. Key projects are located on the west coast of South Africa, north of Olifants River Mouth. The company is also undertaking diamond exploration activity in Australia's Ellendale Diamond Field. The company was listed on the Australian stock market (ASX) in March 2001. Its head office is situated in West Perth.

Resource and Investment's business operations are situated mainly on the West Coast of South Africa. This area has a rich history of diamond mining dating back to the first diamond discovery at Kolmanskop in 1908. RNI aims to become a significant gem producer of gem-quality diamonds by establishing a base case resource of ten million tonnes at an average of ten carats per hundred tonnes. This would generate revenue between A$20-30 million annually.

Resource and Investment competes with other diamond explorers and producers based both in Australia and overseas. These include Diamonex, Astro Diamond Mines and Diamond Rose. RNI plans to have diamonds produced from the Namakwa Diamond Project independently valued and placed for sale on the South African diamond bourse. This bourse provides a highly efficient mechanism to sell diamonds locally and achieve internationally fair values.

Resource and Investment Company holds the right to carry out exploration and mining operations on alluvial deposits in exploration licenses E47/1193, E47/1331 and E47/1340, which are held by Brumby Resources NL, which are mineral sand targets at Yule River in the Pilbara Region of Western Australia. Its subsidiaries include NDC Mining Company (Pty) Ltd, Rency (Pty) Ltd, Geelwal Karoo Diamante (Pty) Ltd and R&I Mining Projects (Pty) Ltd. During the fiscal year ended June 30, 2009, the Company sold its subsidiary, R&I Holdings (SA) Pty Ltd.

Resource and Investment (RNI) Products and Services

  • Diamond explorer.

Resource and Investment (RNI) Locations and Subsidiaries

Resource and Investment Head Office
12 Walker Avenue, WEST PERTH, WA, AUSTRALIA, 6005
Phone: 08 9321 5887
Fax: 08 9321 5884

Resource and Investment (RNI) Share Price

Submitted by ASX Listed Company on 27 May, 2010 - 15:36

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