Frontier Diamonds Limited (ASX: FDX) is an unlisted public company, looking to list on the ASX. The Company’s current focus is largely on two operating diamond mines in South Africa – Star and Sedibeng Diamond Mine. Since acquiring the Sedibeng and Star Diamond Mines from Petra in 2014, Frontier’s strategy has been to restart operations and to make capital development and operational changes to cut costs and deliver strong improvements in operational efficiencies.
The Company is utilising their extensive expertise in engineering services and underground mining operations to make productivity improvements at their two existing mines and to further develop the operations from a low cost investment base. These mine have good grades, produce relatively high value diamonds, have been profitable the past two years in generating cash flow and have resources to last at least 15 years. Management’s strategy is to build on this solid foundation and are actively looking at other opportunities in its strategy to grow into a significant producer of high quality diamonds.