The company received a draft mining permit for the project on June 8, with a final permit expected to follow shortly.

After a 2020 saw a near shutdown of the diamond market for half the year as a result of pandemic-related travel restrictions, diamond prices have bounced back in 2021.

The East Ridge discovery is outside the current resources.

Latest drilling results how further high-grade extensions to the South East Crescent zone of the Havieron gold-copper project.

The resource is "strategically important" because it requires smaller evaporation ponds to put the project into production, the company says.

The Kalahari Copper Belt, which extends for nearly 1,000 km from northeast Botswana to western Namibia, is touted as one of the world’s emerging but mostly under-explored copper-silver region.

Nighthawk owns the Indin Lake gold project in the Northwest Territories, near the site of the past-producing Colomac mine.

At spot gold prices, Enchi delivers post-tax NPV5% of more than $302M and an IRR of plus-54%.