Findcor Diamonds Mine
District Theunissen
Possible Joint Venture
1. Findcor Trust offers the following:
- -Fully developed and equiped shaft (50m) deep and development to fissure structures.
- -Two fissures structures ready for development
- -Complete prospecting diamond processing plant (rails and air loader)
- -Water supply for processing plant etc. complete with pumping equipment and pipes.
- -Electricity supply and network to all equipment (Maximum 100kva)
- -Airdrills, tools and equipment etc.
- -Two indipendent qeological reports.
- -Lots of other ítems
The fissure structures are ready for development, however a safety assesment of the shaft and tunnel must be done.Depending on miner work to be carried out regarding safety the shaft can be opperational within +- one month from start.
2. Joint Venture partner to offer the following:
- -Capital needed to continue with underground fissure development and surface activities.
- -Capital needed for running cost.
- -Beter plant than existing diamond processing plant or upgrading of existing plant.
- -Front end loader and back actor if necessary.
- -Any other items or maintenence if necessary
3. Basic conditions of joint ventures:
- -5% of all diamond sales to be paid to the holder of the prospecting right (Existing agreement between Findcor Trust and holder of prospecting right)
- -45% of all diamond sales to be paid to Findcor Trust.
- -50% of all diamond sales will be the income of the joint venture partner.
- -The JV partner will be entitled to 50% of the selling price of the mine that exceeds 25 million rand.
- The JV partner can claim back all capital invested less income recovered from diamond sales x 150% should the mine be sold at 25 million Rand or less. The maximum amount to be claimed will however not exceed R 2 million.
Cell. 082 4999 638
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