New Millennium Resources Limited is a mining company with operations in Angola, one of the world's major diamond producing countries. In 2003, New Millennium Resources NL entered into an agreement to acquire 100% of Angola Resources Pty. Ltd. (Angola Resources). The company is currently developing its Lapi Diamond Project in Angola, in southern Africa, which will initially produce diamonds from an alluvial mine that is expected to generate an initial cash operating surplus of US$1.2 million per month.

Diamonds in the Raw

Extensive mapping and exploration has identified an inferred resource of 3.7 million carats and the tenement has the potential to deliver a profit of US$112 per carat recovered. There is potential for 8.7 million carats just in the currently known area. This places New Millennium Resources on the verge of becoming a prominent producer of some of the world's finest diamonds.