NML is due its interrim results now, last year it was the 28th of this month.

They are setting up a new site to explore/research/analyse and all the equipment to do this should be on site now, and drilling should start soon, all this extra news should be covered in the interims.

does anyone have any further positive views on this company ??

Picked a raw nerve have I Andy? LOL!

I bet you wish you'd got in at 1.07p

You will very soon anyway.

mjr1234,

"raw nerve"? LOL!

I certainly didn't want to buy at 1.07p, but I'm certainly glad I sold out at 5p last year!

And that money was put to very good use!

New Millennium Resources Ltd
07 November 2005



New Millennium to acquire stake in Kaissai Plc

The board of New Millennium Resources Ltd (NML), the AIM-listed diamond
exploration company with licences in Angola and Greenland, is pleased to
announce it is in advanced stages of negotiations to acquire a stake in Kassai
Plc (Kassai), a mining exploration company which owns lease interests in Angola.
The deal is subject to due diligence by NML.

The Kassai lease area is 3,762 km2 in the Huambo region of Angola and includes
licenses to explore for Kimberlite diamonds, alluvial diamonds and other
minerals.

The acquisition provides New Millennium Resources with an interest in a
Kimberlite license in addition to further alluvial sites.

CEO Shane Healy said 'The key attraction to this concession is that it provides
the Company with a project which comprises a kimberlite exploration license. We
are excited by indications that there are 5 known kimberlites on the licensed
area with a clear prospect of a much larger number yet to be discovered.
Additionally we have an important interest in alluvial diamonds and other
minerals rights. At 3,762 km2 this concession is over ten times the size of Rio
Lapi. '

Five kimberlites have been identified on the mineral resources map of Angola and
other mineral occurrences are also recorded, including gold, copper, tungsten
and uranium.

Kimberlite Prospects

It is proposed to commission an aeromagnetic and electromagnetic survey for the
whole license area and to integrate all the data into a geological-geophysical
structural analysis study. This will guide target selection. A detailed
geomorphological evaluation of the license will be carried out to aid alluvial
diamond site selection.

An intensive programme of prospecting the known kimberlites and those targets
created by the aeromagnetic survey will be pursued. This will be followed up
with ground geophysics. Samples will be recovered from relatively unweathered
material for specialist analysis in the laboratories of the Geological Survey of
Finland, which is an acknowledged world leader in identification and study of
diamonds and indicator minerals. Individual kimberlites will be trenched and
drilled and subject to trial processing.

The licensed area lies within the Congo Craton, an Archaean basement which has
been overlain by Proterozoic and Eocene sediments and intruded by a series of
Proterozoic granites and Cretaceous ultramafic pipes.

Two primary sets of faults occur within the region, striking northeast and
east-northeast, these are possibly Riedel shears relating to the northeast
trending Lucapa Graben, the primary structure controlling the emplacement of the
Cretaceous carbonatites and kimberlites in Angola.

Rio Lapi

Exploration at the C9 licence at Rio Lapi continues and the company's
application for a kimberlite exploration licence, is under consideration by
Endiama, as previously announced to the market. The Kassai project will provide
the company with the ability to aggregate resources across the concessions,
providing a more cost effective application of assets.

Contact:

New Millennium Resources Ltd

Shane M. Healy (Managing Director)
Tel: +44 (0)7768 631286


shealy@new-millennium.com.au

Daniel Stewart & Company Plc

Marc Young
Tel: +44 (0)207 776 6550

St Swithins PR

Gary Middleton
+44 (0)207 929 4391

Good recovery play stock, now their getting Kimberlite licence

Amities / ..So its rather like back to the begining .Keeping everything simple for the sakes of Takahe and mrj .( Dont give up your day jobs )...Original business model was supposedly exploration self financed by the proceeds from alluvial diamonds production . After delay after delay, and placing after placing, the idea was abandoned ,or rather sidelined , in favour of " a quick fix " in the form of all out exploration which caused all manner of legal/ political problems So ? .. Yet another placing and back to alluvial exploration but juste in a different location. Havent you all been here before; but when the s/p was four times more . This is a real dog. A Howler. And what with all the thousands of holders at 1p selling on a small movement those who paid in excess of the last placing will never see returns .@+ J...

TFC..I can guess who you are..your rudeness gives you away and the constant same old theme. Truly pathetic.
The alluvial project is not abandoned so why not take the trouble to get your facts straight? You might have more credibility. I doubt it, though.

I spoke to Gary and asked why , if NML can get a kimberlite licence for the 'new' kimberlite, why have they not yet got a licence for the 'old' kimberlite (C9) and he says the rules are now changed but C9 is under the old rules..so no news yet. SH still maintains that they are hopeful of getting a slice of the action on C9 kimberlite.

LOL

Kassai used to be called Kassai Diamonds. As far as can be seen, one of their Directors, Ian Egan, is a non exec director with Kenmare Resources.

So, meanwhile, what has happened to the equipment they brought in from S. Africa? Is it back on the original alluvial site? Is it actually functioning anywhere? Is anyone trying to do anything about self-generated cashflow?

Buying into a new kimberlite with the funds NML has available suggests heavily to me there will be further cash-calls to fund any meaningful development of this new site - especially given how large it is. So, who's going to put that up?

TCF's cynicism is not unexpected - although it is still true that all-knowing, non-holding use of English almost always offends. I am pretty cynical myself, but see no point in being clever about it, since my cleverness is self-evidently limited by being a holder in the first place. Circular argument maybe, but just a nother way of saying what do I know - nothing.

However, I have to say this new announcement does smack more of desperation than salvation from the mouth of a man whose words have a history of suggesting his glass is more than half full when it transparently (sic!) is not. Need a lot more information before being convinced this will lead anywhere.

sd

Amities / Cynacism ? No. Morelike utter disbelief that people are being taken in by this bunch of rebates at NML Do yourself a favour and scrutinize last years RNS and look at when they said they would be producing !!! Was it a year ago ??, Two placings later and massive dilution and they are not any nearer succeeding in their objective than 2 years ago ...And the duplicity as to when mining even started .!! Now l am aware of the dificulty of any junior mining expo being able to give precise indications as to when a " strike " will be made: but this lot are pushing it to the absolute limits . .Now look at all the excuses, delays , wrangling/ bribing , threats , and then demands that personel NML be removed from the board .,,,,,,,,,,, l know this madhouse called Angola through its potentially vast offshore oil industry. like BP s amazing block 31 discovery, and corruption is among the worst i have seen in Africa . BP, Total ,Chevron ,and Mobil all have private armies of ex South African soldiers as do RIO for security when workers come ashore . ............................ Rude ? No more than yourself Takehe. l let your personal insults pass over my head on two occassions .But it would seem that anyone who disagrees with you is a moron . Typical English hypocrisy. .Well do tell Takahe what are NML are actually doing on the c9 concession ? l will tell you . Nothing . and in my opinion thats all they ever will do . ! lsnt the game to you to make money ? . ..Finally, l can get very rude;...,,,but will let the 1p s/p do the talking for me .After all .lsnt that what its all about ! @+ ....Like you lm calling it as i see it .

Hi Anomalous,

Why have you changed aliases yet again? The strange use of punctuation marks in your last post does not disguise who you are.

I assume it's because the share price isn't moving in the direction you want (down)?

No point shorting NML cos moving north from now on

For what its worth {and considering i am in the impossible position of proving i am not this character} i assure you that you are wrong. l have banged my drum about the shortcomings of NML long before he appeared . You may not like what i say but i have no need for duplicity to make my point ....@+ J

Whatever you say Nigel.... ,,&&1+ Q

TFC....lol!! I've never even heard of you until a few weeks ago.

Your wrong Testex was the first, LOL

When I saw last weeks announcements I thought there might be light at the end of the tunnel.Todays rns is just about as bad as it gets.This is a real howler a really bad company whos actions of today are an act of desperation and nothing else.IMO NML know they are getting nothing from C9 they had no money so it was either change direction yet again or go bust.
Why havnt they told us about the equipment on c9 where is it?IMO it was C9 that would have taken this north and not another change of plan .
Where are they going to get the money to explore the pipes????Na this is a dud.

Takaha, Mjr1234.

You two must be rubbish at cludo.

>MJR1234

TFC is not an alias of mine. I only have two registrations with MoneyAM, Anomalous and Anomalous1. TFC is clearly French and you can tell by the way he insulted 'the English', when he is unaware that Mclellan/Takahe (another multiple Alias!) is actually a Kiwi (from New Zealand if he doesn't understand that reference).

I think he's summed it up pretty well. I haven't been posting about NML today, because I was laughing too much at the RNS!

You really do have to be gullible beyond words, to fall for this new license being worth anything. I noted that three of the regulars on the AD^FN BB, three of the bullish ones, were suddenly having doubts about what NML is getting itself into.

And well they might, because a new license like this is going to cost a bomb to explore. Sure it might have kimberlites, but you don't know if they are diamondiferous. There's little to suggest if they are. At least with Petra's kimberlites, they are in the general vicinity of known diamondiferous kimberlites. Even the chemistry suggests so. But with the new NML license, you have nothing to suggest that there is anything worthwhile there.

Do remember that out of every 100 kimberlites, only 10 are diamoniferous, 5 of these might contain economic quantities and 3 will be mined.

NML has 5 kimberlites, so on a rough estimate you have a one in four chance of having an economic diamondiferous pipe. However, life (and exploration) does not work like that. Seeing as these pipes are near the Lucapa corridor, but away from the most prospective zone, I would suggest that IMO your chances are far less. You would have had a much better chance in C9, but then the company screwed that up by trying to 'muscle' their way in on the kimberlite.

The news today suggests that the company will have to do several things. Firstly I would now expect them to be planning a consolidation in the near future. They'll need to raise more funding to pay for the aeromag and any drilling. It certainly isn't cheap. So they'll end up selling the new story to other 'punters' and mugs, in the hope that they will buy the new story, whilst forgetting about previous 'near misses' like the C9 alluvials. I wouldn't be surprised if they ended up being the Bucket Shop 'sell of the week' when they try to get rid of the new issues.

As for the Majors, you can forget about getting them to fund the exploration IMO. I spoke with an industry expert last week and he spoke with all of the majors regarding NML. They told him that they ran a mile when they were contacted by NML. Even though NML had a license in C9, they wanted nothing to do with them. I wonder why?!

Could it be that they sensed that this company were complete amateurs? A status that they earned by getting so close to generating revenue, after so many failed promises - only to then change direction and charge off chasing rainbows, which they had little hope of achieving, given that Endiama had asked Catoca onto the territory to explore on their behalf.

When are you going to wake up and realise that you are being fed the same tired story and excuses time and time again. Their current management has little experience of mining and is hardly suited to 'do the deal' and acquire a hot license. He may know his due dilligence, but if you gave him a bucket and spade, he'd probably try to build a sand castle - no foundations - rather than seek out signs of indicators and validate any claims. That's why NML need a geo-trained executive with a successful diamond pedigree.

All they have at the moment is one lame poodle!

Hows EPD doing today?