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BURGUNDY DIAMOND MINES Burgundy Diamond Mines Ltd ASX : BDM ABN : 33 160 017 390 Address Level 25 , South32 Tower 108 St Georges Terrace Perth WA 6000 Australia Contact Ph : +61 8 6313 3945 www.burgundy-diamonds.com About Burgundy is focused on production and sale of polished Fancy Colour diamonds through a vertically integrated business model , with the vision to become the world's leading mid - cap diamond company . The Company has acquired capability to cut and polish Fancy Colour diamonds in Perth , Western Australia , and is actively developing diamond projects that will yield Fancy Colour diamonds . Purchase of third - party Fancy Colour rough diamonds will be used to supplement supply of rough while in - house projects are under development . Current Projects : Ellendale Diamond Project , Western Australia . Bulk sampling and near - term production . Option agreement . Naujaat Diamond Project , Canada . Advanced exploration . Earn - in agreement . Botswana , early stage diamond exploration . Alliance agreement . Board of Directors Stephen Dennis Marc Dorion Jeremy King Michael O'Keeffe Kim Truter Peter Ravenscroft Quarterly Activities Report | September 2021 Highlights • 29 October 2021 Significant progress made on exploration projects and downstream strategy : Canada : The bulk sample at Naujaat was completed comprising 2,000 tonnes of material , representing the high end of the anticipated tonnage range . The sample was shipped from the Naujaat Project for processing in Saskatoon , SK , that is anticipated to commence during the December quarter . Australia : Site focussed work at the Ellendale Diamond Project progressed significantly and the construction in South Africa of a state - of - the - art bulk sampling plant comprising XRT technology was completed . Botswana : Continued progress on the evaluation of 15 targets as part of the 12- month exploration program across targeted greenfields project areas in Botswana . Downstream : First purchase made of Fancy Yellow Diamonds and cutting and polishing capability secured comprising secure , purpose built facilities , an experienced diamond operations team and cutting and polishing equipment . Funding of Burgundy's innovative strategy well supported by a global investor base following capital raising of $ 50.2 million comprising an equity placement $ 15.2 million and the issue of $ 35.0 million of unsecured convertible notes . Overview The Board of Burgundy Diamond Mines Ltd ( ASX : BDM ; “ Burgundy ” or “ the Company " ) is pleased to provide its quarterly activities and Appendix 5B cashflow report for the quarter ended 30 September 2021 ( " September Quarter ” or “ Quarter ” ) . The September Quarter saw significant progress across Burgundy's portfolio of diamond exploration projects and downstream strategy . Bulk sampling activities were successfully completed at the Naujaat Project in Nunavut , and the sample was shipped for processing in Saskatoon , SK . In Botswana , there was no kimberlite intersected from the drilling programs completed early in July 2021 , however , drilling programs on further targets are now underway with further results expected during the December quarter . Substantial progress was made at the Ellendale Diamond Project , with significant work undertaken on site including the construction of a 16 - person camp , re - sheeting of roads and building pads for plant and water infrastructure . In addition , geological assessment and resource modelling was ongoing and the construction in South Africa of the state- of - the - art bulk sampling plant comprising XRT technology is completed . The expansion into downstream diamond marketing activities progressed rapidly , and during the Quarter , Burgundy completed its first purchase of third - party rough Fancy Yellow diamonds from Arctic Canadian Diamond Company Ltd. In addition , the Company acquired the capability to cut and polish Fancy Colour diamonds in a secure purpose - build facility in Perth , Western Australia . Polished diamond product , from the Company's planned operations and from third party purchases , will be branded under a dedicated and exclusive Fancy Colour brand owned by Burgundy . Work on brand naming and architecture continued during the Quarter . Burgundy Managing Director , Mr Peter Ravenscroft , said the Company had made excellent progress in advancing its diamond strategy in the September Quarter . " We were very pleased with the early completion of the Naujaat bulk sample and to see it shipped for processing ahead of schedule . Bulk sampling is expected to commence at Ellendale in the first quarter of 2022. We were excited to progress downstream activity so quickly and the Fancy Yellow diamonds acquired during the Quarter will be at the forefront of demonstrating that there is significant value upside from this strategy . "