North Australian Diamonds Awarded contract for DFS for diamond mining operation

North Australian Diamonds Limited (“North Australian” or “the Company”), is pleased to announce that it has awarded the contract for a Definitive Feasibility Study (DFS) for a 1.5Mtpa+ (approx. 300,000 carats per annum) diamond mining operation at its 100% owned Merlin diamond project in the Northern Territory to Consulmet Pty Ltd (Consulmet). The DFS will also consider a potential larger scale operation.