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MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY

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Trustco Group Holdings Ltd (“Trustco”) has announced the findings of a recent examination of the 391.47-carat diamond recovered by Meya Mining (“Meya”) in Sierra Leone. Trustco holds a 19.5% interest in Meya, which operates under a 25-year exclusive diamond mining license in the Kono District.

The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024, in the first of 16 domains targeted by Meya. Along with two smaller fragments weighing 105.43 carats and 18.11 carats, this marks the second significant find from the region, confirming its potential as a source of high-value diamonds.

A detailed examination, conducted by Dr. Evan M. Smith of the Gemological Institute of America (GIA), confirmed the diamond as Type IIa, a classification that indicates high purity due to the absence of nitrogen. Further analysis showed the diamond is part of the CLIPPIR variety (Cullinan-like, large, inclusion poor, pure, irregular, resorbed), similar to some of the world’s most valuable diamonds.

According to the examination report, the diamond contains metallic inclusions, mainly iron-rich metals, which suggest it formed deep in the Earth, between 360 and 750 kilometers below the surface. Despite these inclusions, large parts of the stone remain clear, making it an important geological find. The discovery of this CLIPPIR diamond at the Meya mine confirms that the area contains large Type IIa diamonds.

Quinton Z van Rooyen, Deputy CEO of Trustco

Quinton Z van Rooyen, Deputy CEO of Trustco, added: “The recovery of this CLIPPIR diamond sheds light on Meya’s extraordinary geological landscape. As the diamond world contemplates the eventuality of a 5000-carat stone, our recent find indicates that Meya’s unique geology positions us well for potentially historic discoveries in the future.”

On June 5, 2024, shareholders were informed that Z Star Mineral Consultants, an independent consulting firm, estimated the in situ resource of Meya River Domain at USD 763 million. This Meya River domain accounts for less than 3% of the overall Meya Mining project potential resources. (Available here: https://tinyurl.com/2twpv78v).

Additionally, on September 2, 2024, shareholders were advised that the NI 43-101 Technical Report for the Meya Diamond Mine Project was published, offering a Preliminary Economic Assessment (PEA). The PEA showed promising economic potential with a post-tax Internal Rate of Return (IRR) of 65% and a post-tax Net Present Value (NPV) of USD 95.1 million at a 10% discount rate over a projected 7-year mine life. (Available here: https://tinyurl.com/yvy8p6xs).

These reports also noted that the estimated value of diamonds recovered from bulk samples and run of mine production of the Meya River domain which were sold at public auctions is USD 380 per carat.  This estimation excluded the sale of the 476ct Meya Prosperity diamond (USD 34 664 per carat) or several subsequent large stones found due to their distinct nature. The valuation matrix currently used to assess Trustco’s 19.5% stake in Meya Mining, at USD 110 million, may be adjusted in the future to account for these historical exceptional finds. Shareholders are advised that this could affect future valuations.

The 391.47-carat diamond was part of a 515-carat rough diamond recovered in the Meya River kimberlite domain on Tuesday, 20 August 2024

Meya Mining is now focused on improving its recovery process to prevent breakages of large diamonds in the future. The company is working with its engineering and processing partners to upgrade the plant and increase its capacity to recover large diamonds intact. This discovery strengthens Trustco’s Mining portfolio but also highlights Sierra Leone’s position as a key player in the global diamond market.

About Trustco:

Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.

Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.

About Namibia:

Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with  recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.

The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.

Forward-Looking Statements:

All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

Media Contact

Organization: Trustco Group Holdings

Contact Person: Neville Basson

Website: https://www.tgh.na

Email: Send Email

Contact Number: +264612754501

Address: 2 Keller Street, Trustco House

Address 2: Windhoek

City: Windhoek

State: Khomas

Country: Namibia

Release Id: 21102418730

The post MEYA MINING’S 391-CARAT DIAMOND RECOVERY MARKS MEGA CLIPPIR DISCOVERY appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Pentabase Announces Comprehensive Brand Renewal to Elevate Global Web3 Marketing and Consulting Services

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14 mins ago

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October 21, 2024

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Pentabase, a leading Web3 marketing and consulting firm, has launched a comprehensive brand renewal to enhance its global service offerings. This strategic overhaul introduces a redesigned website and updated services, aimed at better meeting the needs of the evolving blockchain and Web3 markets.

Since its establishment in 2018, Pentabase has become known for its high-impact services, including blockchain project incubation, digital asset management, and public relations. The firm’s brand renewal emphasizes a USP-driven (Unique Selling Proposition) approach, moving away from formulaic token sale campaigns. Instead, Pentabase now highlights each project’s unique strengths and delivers results through storytelling-based marketing strategies, tailored for deeper audience engagement.

The redesigned website offers an intuitive interface to simplify access to Pentabase’s broad array of services. Clients can now explore in-depth service options, including project incubation and successful case studies.

Tommy Hong, CEO of Pentabase, noted, “This rebranding reflects our commitment to innovation. By optimizing our services and infrastructure, we are better positioned to support global Web3 projects as they navigate a rapidly changing landscape.”

Global Expansion and Service Offerings

Pentabase’s expanded services cater to both Korean and international clients, focusing on localized market strategies and regulatory compliance. The company is committed to helping projects enter global markets seamlessly while adhering to local legal frameworks.

Future Vision

Looking ahead, Pentabase aims to remain a leader in Web3 marketing and consulting by continuously evolving its services to support projects from incubation to global market success. With an increased focus on data analytics and tailored market strategies, the firm is dedicated to providing clients with cutting-edge solutions to drive sustainable growth.

About Pentabase

Pentabase is a global Web3 and blockchain consulting firm that specializes in marketing, incubation, and public relations. Since its founding in 2018, the firm has worked with leading projects worldwide, delivering high-ROI solutions to drive success in the decentralized technology space.

Contact Information

For media inquiries, please contact:

Pentabase PR Team

Email: info@pentabase.io 

Website: https://pentabase.io/ 

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Press Release

DMC Holdings Launches ‘DMCK Wallet’ for Secure Digital Asset Management and Integration with DeFi and NFTs

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14 mins ago

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October 21, 2024

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Seoul, South Korea – October 2024 – DMC Holdings has announced the global release of its innovative digital wallet, DMCK Wallet, which is now available for download on both Google Play and Apple’s App Store. Designed to provide users with secure and efficient digital asset management, the DMCK Wallet supports a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Polygon, Binance, and Tron, as well as DMC Holdings’ proprietary tokens.

The DMCK Wallet is not just limited to cryptocurrency management; it is also built to seamlessly integrate with DMC Holdings’ proprietary decentralized finance (DeFi) platform, providing users with access to yield farming, staking, and other DeFi services. Additionally, the wallet includes an innovative NFT management feature, enabling users to store, view, and trade NFTs within the app.

Security and Accessibility at the Core

DMCK Wallet is built with state-of-the-art encryption and security protocols, ensuring that users have the highest level of protection for their assets. Additionally, it features a user-friendly interface, making it easy for both seasoned crypto enthusiasts and newcomers to manage and store their digital assets efficiently.

“We are thrilled to introduce the DMCK Wallet to the global market,” said a spokesperson for DMC Holdings. “Our goal is to make blockchain-based financial services secure and accessible for everyone. With the DMCK Wallet, users can easily manage multiple types of digital assets and engage with DeFi services, all in one place.”

A Step Towards Greater Blockchain Adoption

This wallet release is a key milestone in DMC Holdings’ broader strategy to promote global adoption of decentralized technologies. As the company continues to expand its offerings, including NFT projects, token issuance, and DeFi services, the launch of the DMCK Wallet marks a significant step forward in simplifying the user experience while providing robust, scalable, and secure digital financial solutions.

The DMCK Wallet is available for immediate download on major app stores, offering users worldwide enhanced access to the world of decentralized finance and digital asset management.

For more information about the DMCK Wallet and future updates from DMC Holdings, visit DMCK White Paper.

About DMC Holdings

DMC Holdings is a leading innovator in blockchain technology, specializing in decentralized finance (DeFi), cryptocurrency, and NFT development. The company is committed to providing secure, scalable, and user-friendly financial solutions that promote the global adoption of digital assets. With a mission to transform traditional finance, DMC Holdings is at the forefront of the digital finance revolution.

Media Details: 

Company: DMC Holdings

Contact: Jane Jun

+82 10-8249-8987

Email: admin@dmcholdings.info 

City, Country: South Korea

Website: https://c-diamondcastle.com/ 

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Press Release

Embrace the Autumn Ride: Best E-Bike Recommendations

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60 mins ago

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October 21, 2024

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With leaves changing color and the weather getting cooler, it must already be autumn! This is a great time of year to enjoy the outdoors, and what better way to do that than by riding your electric bike? With an e-bike, you can get around town easily, ride on trails, and even commute to work.

It’s time to say goodbye to the high temperatures and humidity that made it impossible to cycle in summer and embrace that beautiful fall weather that’s tailor-made for riders. This article introduces some great e-bikes from Vanpowers that are perfect for fall riding, including models for city commutes and adventures. These bikes offer outstanding performance and a variety of riding options.

The Best Choice for City Commuting: City Vanture

The City Vanture was Vanpowers’ first road e-bike model and the first e-bike on the market with an assembled frame. With a powerful motor and a quiet Gates® CDN™ belt drive system, it delivers a smooth, effortless riding experience. Whether you’re dodging rush-hour traffic on your daily commute or spending a weekend exploring different neighborhoods, this bike allows you to enjoy the fresh fall air and beautiful sights.

Another highlight of the City Vanture is its long range. With just a two-hour charge, it can go as far as 50 miles, and with an additional battery attachment, this range can be extended to a maximum of 80 miles. Plus, its lightweight build makes it easy to pedal even without electric assistance, just like the traditional bicycle.

Why You’ll Love It:

Lightweight and easy to ride, perfect for everyday commute

Long range for extended rides

Modern and minimalist design, suitable for urban style

Tackling Various City Terrains with Ease: UrbanGlide Series

 

If you’re looking for more freedom while riding through the city this fall, the UrbanGlide series is a fantastic choice, including the Ultra, Pro, and Standard versions to meet different riders’ needs. They are great for gliding over smooth pavement and handling roads with some bumps or uneven surfaces.

Equipped with a high-performance motor and a comfortable suspension system, it absorbs road vibrations effectively, ensuring a smooth ride even on rough surfaces. UrbanGlide is perfect for those who love exploring different parts of the city, especially on a crisp fall afternoon when you can ride through parks or along riverside paths.

Why You’ll Love It:

Suitable for various city terrains, with nimble handling

Excellent suspension system for a smooth ride

Great for discovering hidden corners of the city

All-Terrain Adventure with GrandTeton

For those who love outdoor adventures, fall is the perfect time to hit the trails, and Vanpowers’ GrandTeton is your go-to choice for exploring nature. The GrandTeton is an all-terrain e-bike that features a powerful motor and durable wide tires, allowing you to tackle various landscapes, from mountains and dirt trails to gravel paths.

In addition to its robust power and traction, the GrandTeton is equipped with an efficient suspension system and Tektro hydraulic disc brakes to ensure safety and comfort while riding. Fall riding may bring some wet or loose surfaces, but this bike’s outstanding performance will keep you worry-free, allowing you to fully enjoy the ride.

Why You’ll Love It:

Exceptional off-road capabilities for various terrains

Efficient suspension and disc brakes for high safety

Strong motor power for easy long-distance rides

Tips for Fall Riding

Fall biking is a fun and healthy activity, but to make the experience even better and safer, here are a few tips:

  • Wear the Right Gear: Fall temperatures can fluctuate, so dress in windproof and waterproof layers, and add or remove clothing as needed to stay comfortable.
  • Stay Warm: Wind can be strong, especially during long rides, so consider wearing gloves, a scarf, and other wind-protection accessories.
  • Check Your Bike’s Condition: Before heading out, make sure to check the battery level, brakes, and tire condition to ensure your bike is in top shape.
  • Plan Your Route: Choose scenic and safe routes with beautiful fall scenery and avoid roads with heavy traffic to fully enjoy your ride.

Be sure to take care of yourself and your e-bike by following these tips for cycling in the fall. Whether you’re heading out on a solo ride or spending some quality time with friends and family, stay alert and prepare yourself for whatever the season may bring. With this advice and a little bit of planning, you can be sure to have an amazing time exploring the great outdoors on your e-bike this autumn! There’s nothing like the cool air on your face and spectacular colors! Get in the saddle, what are you waiting for?

Don’t have an e-bike? Discover magic on Vanpowers! With their e-bike, your fall e-bike adventures will be taken to the next level. It is your ticket to exploring the beauty of fall with confidence and style.

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