Investor Presentaiton
South Africa Operations - African Star
tangomining
Bulk-sampling Program ongoing and asset sold to Bothma*
Oena is a producing alluvial diamond project that operated
from 2000 to 2007 and with mine permit renewal and
recommenced of operations in 2015.
Tango's first diamond tender closed on 28 July 2015 and
diamonds were sold at an average of US$2,480/ct, the highest
price received was US$6,016/ct and largest stone was 11.39
ct.
B30
060
5
Trench mining, Oena July 2015
HITACHI
Year to date production results produced an average stone
size of 3.28 ct and a grade of 0.278 cpht.
NI43-101 resource estimate supports average stone size of
1.22 cts and grade of 0.12 cpht. Life of mine > 15 years.
*Tango has entered agreement with Bothma Diamante to
acquire 100% of African Star for total consideration of
USD$3M subject to approvals in South Africa.
TGV.TSXV
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