Burgundy loses sparkle for WA diamonds

GIBB River Diamonds will go it alone at the Ellendale diamond project, following Burgundy Diamond Mine’s decision not to exercise an option to acquire the once-abandoned mine in Western Australia’s west Kimberley.

Burgundy loses sparkle for WA diamonds Burgundy loses sparkle for WA diamonds Burgundy loses sparkle for WA diamonds Burgundy loses sparkle for WA diamonds Burgundy loses sparkle for WA diamonds

Ellendale run-of-mine diamonds from the E9 far-east pit

Burgundy secured the option to acquire part of the old Ellendale mine and the nearby Blina project in March 2021, as part of a $6.7 million cash and 16 million share deal with Gibb River.