Ellendale discovery provides hope for the Australian diamond industry as Argyle closure looms

Once responsible for half the world's supply of fancy yellows, this site has been under exploration since May. The Ellendale lease, previously mothballed, was reopened for exploration following an expression of interest process initiated by the State Government in 2019, inviting companies to apply for tenements.

India Bore had been conducting drilling and bulk sampling in an adjacent diamond field, where they successfully recovered commercial diamond grades evaluated by prominent Antwerp-based diamantaires. The company focuses on the ancient buried river system, the L-Channel, formed approximately 22 million years ago. The L-Channel is estimated to contain at least 1.3 million carats of gem-quality diamonds. This discovery brings hope for revitalizing the Australian diamond industry as it seeks new sources following the closure of the Argyle mine.