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Sable Metals and Minerals - now Middle East Diamond Resources

Sable Metals and Minerals Limited (“Sable”) became Middle East Diamond Resources Limited (“MEDR”) in 2015.

The funds for the acquisition of diamond assets did not materialise from the Middle Eastern Investors and the share was suspended in December 2016.

From 2016 the company investigated the acquisition of various assets but none of these were found to be suitable.

During 2020 the capital of the company was restructured and a rights issue has been proposed. The focus on acquisitions has been widened to include assets in the rest of Africa.

This has resulted in the acquisition of two gold projects. One of these is in the DRC and was announced on the 9th November 2020 and the other is in Ghana and was announced on the 11th November 2020.

With the publication of the Annual Financial Results the company is applying to the Johannesburg Stock Exchange for the suspension of the shares to be lifted.
The company will be renamed in due course and a new website created.

Web page updated: 9 December, 2020
Web Design: G Hochreiter; hochreiter@mweb.co.za