On 30 November, 2011, Judge Lyons of the High Court of Lesotho issued judgement in the application that Toro Diamonds Lesotho (Pty) Limited had lodged against Namakwa Diamonds Limited for joint ownership of 62.5% of the shares held by Namakwa Diamonds in Storm Mountain Diamonds (Pty) Ltd. Judge Lyons dismissed Toro's application, with costs. Toro Diamonds believes the Judge erred in his decision. A notice of appeal has been lodged against the judgement that was delivered on the 30th November, 2011. It is anticipated that the appeal will be heard in April 2012 in the Court of Appeal in Maseru, Lesotho.
About Batla Minerals SA
Batla Minerals is a French resource investment company listed on the NYSE Euronext (Marche Libre: MLBAT) The company has active diamond operations in Lesotho. New ventures are being sought across Southern Africa and include mineral deposits in the energy, precious and base metals categories.
Contact Information
Johannes van der Walt (27) 21 880 1615 (SA) Michael Reynolds (27) 21 880 1615 (SA) Arnaud Vercruysse (33) 67 738 6672 (France)
www.batlaminerals.com
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