Namibian Resources Plc was incorporated in January 2001 and achieved a listing on the AIM of the London Stock Exchange in March 2004.

The Company, which operates through its 100% owned subsidiary Sonnberg Diamonds (Namibia)(Pty) Limited, holds a contract from NAMDEB Diamond Corporation (Pty) Ltd for the prospecting and mining of diamonds within the Pomona concession in the Luderitz District of Namibia. The concession area covers an area of about 120 square km (12,000 ha), and the Company is authorised by NAMDEB to prospect and mine in certain defined areas within this concession.

Namibian Resources aims to use the funds raised from the listing to increase annual production from the current level of 2,900 carats/year to 7,500 carats and then on to 15,000 carats/year.

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Very difficult to find information on this company as they do not even have a home page, friends of mine feel the annual production levels are greatly under estimated and we could see a huge up side to this company before Christmas 2004. The new equipment they are using looks promising.



http://www.mining-investor.com/

http://www.infomine.com/index/companies/NAMIBIAN_RESOURCES_PLC.html

Do you have a subscription to this Aldwickk?

No sorry.

I bought these in June at 15p,so they have already had a good run.

hrfulleruk - I still think there is alot left in the tank on these as production gets going and perhaps new contracts get announced, just been reading an article from September (will post below), that has me thinking, I'm quite heavily invested in Petrel resources at the moment, but if PET comes off I shall be putting some of my profits into NBR, and hopefully soon,(not a ramp here have just started doing research on this company as it was brought to my attention by a good friend, shall continue to dig deeper in weeks to come, if anyone can add research negative or positive would like to hear it.

I like the part here where NBR are now fully financied, yet only have 34.5m shares in issue -

"It hopes to fix the problems at its plants by using the 2 mln stg it raised from its AIM listing in March.

"This will ensure that the group is now able to develop its very valuable diamond resource and take the group into profit. The group is now fully financed and has no external debt," said chairman Lord Sheppard."

Namibian Resources FY losses widen on plant breakdown
Last Updated: 24-August-2004 06.30 Related News

LONDON (AFX) - Namibian Resources PLC, a diamond miner in Namibia, reported widening losses in the full year due to further deterioration and consequent breakdowns of its plants.

In the year to end-February 2004, the group's pretax loss reached 331,891 stg as against 323,790 last time.

It hopes to fix the problems at its plants by using the 2 mln stg it raised from its AIM listing in March.

"This will ensure that the group is now able to develop its very valuable diamond resource and take the group into profit. The group is now fully financed and has no external debt," said chairman Lord Sheppard.

The group -- through unit Sonnberg Diamonds Pty Ltd -- holds a concession, known as Pomona 29, in Namibia which it is jointly developing with the Namibian government and De Beers.

The concession will expire in 2012.

Tokyo


http://www.diamondintelligence.com/Research_Materials_Full.asp?id=54127

NAMIBIAN DIAMOND RESOURCES GRANTED EXTENSION TO DIAMOND CONCESSION
September 01, 2004

Namibian Resources Plc, which is listed on the London Stock Exchanges Alternative Investment Market, has been granted an additional diamond-bearing resource immediately southwest of its existing 120 square kilometer Pomona concession in Namibia which it holds under a 10-year license from Namdeb, the joint venture between De Beers and the Namibian government.

A small part of this new area is already held by Namibian and contains the highest diamond grades and largest stones of all the known resources within the companys concession. The new area, Saltztal, measures 3.5 kilometers by about 100 meters and comprises a valley, the northernmost end of which terminates just inside the Pomona concession. The small block (300 meters by 50 meters) already held by Namibian ends in this valley within which a resource of 9,750 cubic meters has been previously identified and indicated at an average diamond grade of 0.44carat/cubic meter (4,200 carats contained) and an average stone size of 0.59 carats.

Via its Sonnberg Diamonds operating subsidiary, Namibian Resources is obliged to undertake an environmental impact assessment (EIA) on this small block in order to mine the diamond resource it contains. Under the agreement, Namdeb has granted the company the rights to the majority of the Saltztal area in return for Namibian extending its EIA from the small block to all of the Saltztal area. It is estimated that this will cost around US$7,000 and take approximately two to four weeks to complete.

Namibian estimates the diamonds in the small Saltztal block should realize a received value per carat of US$200-US$250. Mining should begin at the end of October, with a concurrent sampling program over the additional new ground to identify extensions of the known diamond-bearing resource.
This additional resource is potentially a very valuable addition to Sonnberg Diamonds concession. For illustrative purposes, on the basis of a 10-hour daily shift, the known resource in the small Saltztal block could generate a received value of between US$840,000 and US$1.05m within 18 days of the commencement of mining. We also hope that the sampling program will identify further economically interesting concentrations of diamonds in the central and southern parts of the valleys, says Tony Carlton, Chief Executive of Namibian Resources, who expects full production at Pomona by November following installation of new equipment and training.

A whole load of buys again today, I see this trading around the 70pence mark come early next year

Tokyo

I was wondering just how you were going to follow PET if it comes up with the goods!

Been watching the chart on this one for a while and I like what I see. Might have a little nibble myself.

RNS released today, the last part is of particular interest, if positive news is reported soon we could see a sharp increase in the SP as predicted a few posts back

"With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made."

RNS below





Namibian Resources PLC
30 November 2004


NAMIBIAN RESOURCES PLC

INTERIM REPORT

FOR THE 6 MONTHS ENDED 31st AUGUST 2004


Chairman's Statement
Six months ended 31st August 2004


Following the company's admission to AIM on 6th March 2004 the complete
re-equipping of our alluvial diamond mining concession in Diamond Area no.1,
Pomona 29 Namibia has been achieved. The 10 ton per hour dense media separation
plant is in commission and staff are under training pending the granting of the
environmental impact assessment approval for wet screening. We shall continue
production at our temporary site on the coast in the northern area of our
concession. Production will continue there until the EIA is approved. The 100
ton per hour in field mobile screen and mobile DMS plant will be moved to the
higher grade and diamond size South West Area of the Saltztal part of our
concession. We anticipate that this will occur by the end of January 2005.

Diamond production has been maintained during this six months in line with the
same period last year despite disruption due to new infrastructure preparation,
delivery and erection and new security arrangements for the new production
facilities. We are confident that our recovery rate will now increase so that
we can achieve our target of 7500 carats or the monetary equivalent of US$100
per carat by the end of February 2005. A sampling programme will be carried out
ahead of our mining to confirm and update historic sampling results. A sampling
programme on unexplored areas will also be undertaken as soon as a positive
stable cash flow is achieved.

With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made.



The RT. Hon Lord Sheppard of Didgemere K.C.V.O. KT
(Chairman)

30th November 2004

This share ticks up very nicely on such a small volume, imagine what it is going to do, when the results of this are announced

"With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made."


Call me crazy, but 50+ pence by christmas is my call on this, although only IMHO

Tokyo

Up 16% already today, perhaps the Xmas projections need to go up, as we could see 50 pence ny next week at this rate, I shall be interested to know what deal they have struck with the black empowerment group.
Seem to be on here all alone, Are there no others holding this stock?

Tokyo

Yes

HI
Here is the Address & phone number of Namibian, if of any use.
Head Office:
302 HIGH STREET
CROYDON, SURREY, N/A
UNITED KINGDOM, CR0 1NG
tel 0208 726 0900
Telephoned for more info, financial reports and Home page address, if any etc, a Mr Garth (?)is to call back asap.
will post any news after call, including, I am told a website address.
Only time will tell.
good luck
AF

Hi
Just had a very interesting comversation with a Mr Garker (not Garth). No website, cost prohibitive and delivers nothing to share holders.
The future is bright at Namibian and the year end results (feb)could be very interesting and positive.
Very nice man and more than willing to talk about prospects in Namibia with a good knowledge on DE BEERS and their seabed exploration. Very kean to assure that the senior management have their share holders interest at heart and will never release news only to line their pockets.
confident was a word he used frequently.
All news will be listed normal channels and only normal channels. RNS etc

Sounds an excellent company and after this chat,I for one will increase my holdings.
AF

The word "confident" always worries me......
Having said that, I have some of these.

Tokyo have you bought NBR yet??

Yes I bought on the 22nd

just topped up with 3 x 10,000, very hard to get any sort of quote on anything over 10,000, had an order for 45,000 on Friday, but only 10,000 of it could be filled. (I've never had a partial fill on a stock before through com-direct)

end of the week shall tell me whether this was a good idea or not, there seem to be alot of buyers at the moment, but very few sellers. If they announce a new extension or a new contract soon, this share could rocket, not exactly in the same league as PET, but a nice jump nonetheless.

Tokyo

there is a rumour going around over on the other side that the MM's failed to fill an institual order on Friday and that is the reason for the price drop, be interesting to see if this week brings some big orders and explains the drop as buys are bigger than sells

http://www.tacyltd.com/Research_Materials_Full.asp?id=54545


RESEARCH MATERIALS
NAMIBIAN RESOURCES NEGOTIATING WITH BLACK EMPOWERMENT GROUP
December 01, 2004
Namibian Resources PLC is negotiating for further diamond mining opportunities in Namibia with a black empowerment group. Following the companys admission to AIM in March 2004 the complete re-equipping of our alluvial diamond mining concession in Diamond Area no.1, Pomona 29 Namibia has been achieved. The 10 ton per hour dense media separation plant is in commission and staff are under training pending the granting of the environmental impact assessment approval for wet screening. Production at a temporary site on the coast in the northern area of the concession is continuing until the Environmental impact Agreement is approved. The company anticipates that the 100 ton per hour in field mobile screen and mobile DMS plant will be moved to the higher grade and diamond size South West Area of the Saltztal part of the concession by the end of January 2005.Diamond production has been maintained during this six months in line with the same period last year despite disruption due to new infrastructure preparation, delivery and erection and new security arrangements for the new production facilities. We are confident that our recovery rate will now increase so that we can achieve our target of 7,500 carats or the monetary equivalent of US$100 per carat by the end of February 2005. A sampling program will be carried out ahead of our mining to confirm and update historic sampling results. A sampling program on unexplored areas will also be undertaken as soon as a positive stable cash flow is achieved, says Right Hon Lord Sheppard of Didgemere, Chairman of Namibian Resources.

Up from 27p to 41.5 in less than 3 weeks, I still think there is alot more to come from this little mining beauty.