Australian Sharemarket Listed Companies

North Australian Diamonds (NAD) is a diamond exploration company focused on the Merlin Kimberlite Field (NT) and North Kimberley (WA) project areas. North Australian Diamonds Limited is an Australian producer of diamonds. The Company’s asset includes the Mining Lease 1154, encompassing 11 of the 13 known kimberlite pipes (of which nine were subject to open-pit operations), producing approximately 500,000 carats of diamonds. Its Seppelt Project comprises a number of related kimberlite dykes, blows and pipes constrained within a narrow corridor over a strike length of some six kilometers. Seppelt 2 is a kimberlite pipe comprised of both weathered kimberlite and infill gravels. North Australian Diamonds has entered into a farm-in agreement with DeBeers Exploration Australia Limited (DBAE) to earn 100% interest in tenements located in the Arnhem Land region of the Northern Territory. Two of the tenements, totaling 1,400 square kilometers, are available for immediate exploration. North Australian Diamonds Limited is listed on the Australian Stock Exchange (ASX) under stock code NAD. the company was listed on the ASX on 16 October, 1979. Australian based diamond exploration and development company North Australian Diamonds Limited (”North Australian” or ” the company”) has confirmed its intention to spinout its wholly owned subsidiary Top End Uranium Limited (Top End) as part of a A$9m initial public offering (IPO). Under the terms of the IPO, Top End will seek to raise a A$6 million through the issue of 30 million shares at A$0.20 per share with up to a further $3 million or 15 million shares in oversubscriptions. Company to spin-out wholly owned subsidiary, Top End Uranium Limited, as part of IPO to raise a minimum $6m with up to a further $3m in oversubscriptions; Top End Uranium controls one of the largest portfolios of highly prospective exploration tenements in the Northern Territory (approximately 30,000km squared); Tenements recognised as being highly prospective for uranium and base metals, subject to limited exploration in past 30 years; Top End Uranium to undertake an aggressive exploration programme to define a major uranium deposit of economic significance; and North Australian Diamonds to retain approximately 25% of new company, with current shareholders to have right to participate in a Priority Entitlement Offer.Learn more about Uranium Mines in Australia, learn what Uranium is, read about Worldwide Uranium Deposits, study the Regulation of Uranium Mining and wonder at the marvels of Uranium exploration in Australia. You can view their investor website here.