Ellendale option

AUSTRALIA could become a diamond producer once more with Burgundy Diamond Mines moving a step closer to buying the Ellendale diamond project from Gibb River Diamonds.

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The historic Ellendale diamond mine is part of the potential Burgundy deal.

Burgundy has signed an option deed with Gibb River to buy 100% ownership of the Ellendale and Blina projects, which includes the historic Ellendale diamond mine in Western Australia's Kimberley