Dominion Diamond Corporation Announces Sable Project Preliminary Economic Assessment Results

10 September 2015

  • 11.7 million carats in Indicated Mineral Resources
  • Post-tax IRR of 17.3%
  • Capital and operational synergies with Jay Project

YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Sep. 10, 2015-- Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company” or “Dominion”) is pleased to announce positive results of a preliminary economic assessment (“Sable PEA”) of the Sable kimberlite pipe deposit located within the Core Zone Joint Venture property in Canada’s Northwest Territories, in which the Company holds an 88.9% interest.

Sable is a fully-permitted undeveloped deposit on the Ekati property, with a rapid development timeline and potential capital and operating synergies with the Jay Project. Sable and Jay could share haul trucks, loading equipment, and support equipment during development and operations. Combining Sable with Jay would also provide increased mine planning and processing flexibility.