LGDI owns a near majority of the shares in NADL which just increased its indicated and inferred diamond resource to 6 Million Carats.

For the full press release go to www.nadl.com.au

The following press release was put out today:

ASX Announcement:

MERLIN RESOURCE INCREASE BY 2 MILLION CARATS

Resource definition drilling has increased the total Merlin JORC compliant combined ‘Indicated and Inferred’ diamond resource from 4 million carats to 6 million carats.

JORC Compliant ‘Indicated Resource’ for PalSac increased by 56% to 8 million tonnes;

Total PalSac combined ‘Indicated and Inferred’ JORC compliant resource has been increased by 39% to 13.46 million tonnes for a contained 4 million carats;

The Company is continuing the drilling programme aimed at better defining and exploring the deeper PalSac resources;

A total of 1400m has been drilled on PalSac pipe; and

An RC drill program is also underway initially focussed on the underexplored Bedevere pipe but also testing a number of unresolved indicator mineral targets. A total of 1,043m drilled to date. ... ... ...

Now if only LGDI would start publishing the news releases that we are all expecting, this stock price per share might finally climb back to where it should be at $5.00 or more.