Namibian Resources PLC
12 April 2007











Namibian Resources Plc - 4th Quarter Progress Report



RNS Number:

Namibian Resources Plc

12 April 2007



Preliminary results from the sampling campaign in the Annatal have been
positive.  However, the depth of sediment has proved to be greater than
expected.  Further tests are needed to ascertain if the full thickness of the
sediment is diamondiferous.  If not then the grade will be much improved by
stripping the overburden thereby reducing the gross tonnage fed to the primary
in-field screen.  Water at depth is still a problem but is progressively
reducing during the current summer months.



Although carats produced for the last quarter were less than the previous
quarter an average size of 0€903 carats per stone was achieved from a small area
of Saltztal East, which yielded 385 stones of a total weight of 247.90 carats.
This included 86 stones of between 1 and 2 carats, 8 stones between 2 and 3
carats, 6 stones between 3 and 4 carats and 1 stone between 4 and 5 carats.  In
addition to sampling we have re processed old tailings, hand swept a good
proportion of the mined out area of East Saltztal and started rehabilitating the
swept areas of East Saltztal.  As soon as the East and West Saltztal have been
rehabilitated Namdeb has indicated that we will be granted an extension to our
area to the south where some promising small areas are apparent.



During this quarter we have taken steps to increase production:-



(1)    We have purchased an additional 25 ton articulated Dump Truck and a front
end loader.

(2)    We are carrying out a technical exercise assessing our pumps and
generators to increase the water flow and consequently increase the throughput
of gravel from the primary screen.

(3)    The Manhattan screen is now operational which will increase the supply of
screened gravel.

(4)    A Ball Mill has been purchased and refurbished at very little cost.  This
will enable us to supplement production by milling conglomerates from tailings
to produce a super concentrate for recovery.

(5)    Hand sweeping of bedrock has produced additional valuable production.

(6)    Namdeb has offered to lend us a Transvac machine, which can suck residual
gravel from irregular bedrock surfaces that may be diamond trap sites.  This
will reduce the time to complete mining of East and West Saltztal and leave us
free to sample the prospective ground extending to the south of East and West
Saltztal mentioned above.

(7)    In addition to sampling the Annatal we have taken a first sample trench
on an adjacent unmined area known as ST81, which we have named Hannatal.  This
produced 9 stones for a total weight of 9.52 carats including one stone of 3.695
carats.  Two further sample trenches are being processed.

(8)    Although sampling and rehabilitation slowed production turnover and carat
production will exceed the last financial year (subject to audit).  Costs have
been contained and the balance sheet remains strong.







A C A Carlton

Chief Executive Officer





The technical information presented in this report has been reviewed by Dr
Donald G Sutherland of Placer Analysis Ltd, technical consultants to Sonnberg
Diamonds (Pty) Ltd.  Dr Sutherland is a Qualified Person for the purposes of the
AIM Guidance Note on Mining, Oil and Gas Companies dated March 2006.  Dr
Sutherland has BSc and PhD degrees from Edinburgh University and is a Member of
the Institute of Materials, Minerals and Mining.  He has over 30 years
experience in diamond exploration and mining.




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