The miner told shareholders that that the company has made no formal offer or accepted.
Additionally, Kimberley clarified that if the transaction proceed, it was not likely to require a capital raising or a debt raising to fund the acquisition.
Sydney-based company owns the Kimberley Diamond Company NL as well as owns and operates the Ellendale Diamond Project in Western Australia, which contributes approximately 50% of the world’s supply and is the source of rare fancy yellow diamonds.