Farm for Sale in Barkly West Rural

Farm 1:

834.3736 HA

734 Ha Grazing

100 Ha Irrigation

situated along the harts river

Split into 7 camps with water in each camp

• 4 pivots (24ha + 30ha + 23ha + 23ha)

• Irrigation takes place from the Harts River fed by the Spitskop Dam and canal water that comes from Vaalharts water irrigation scheme.

• Cattle and sheep facilities on the unit.

• Large barn and workshop

• There are 2 houses on the farm. One of which is an old building used for storage.

• The other house is very large and a portion of it has been transformed into an apartment.

• The house section consists of a kitchen, pantry, smaller kitchen with built-in wardrobes, a TV room, a very large lounge, working room, 3 bedrooms, 2 bathrooms and a portal. Veranda in front and behind the house.

• The apartment section consists of a kitchen, dining room, lounge, 2 bedrooms and a bathroom.

• All around the house there are small camps that are used for sheep.

Farm 2:

1060. 9926 HA

2-situated along the harts river

995 Ha Grazing

65 Ha Irrigation

Split into 6 camps with water in each camp

• 3 pivots (25ha + 20ha + 20ha)

• Cattle and sheep handling facilities on property

• Irrigation takes place from the Harts river

• Canal water from Vaal harts water irrigation scheme

• 2 farm houses, the one consists of an open plan kitchen and scullery, a TV room, dining room, 3 bedrooms and 2 bathrooms and is fenced.

• The other house consists of a large kitchen, lounge, office and TV room, 3 bedrooms, 2 .5 bathrooms and 2 huts and a large veranda.

• 2 chicken houses that are no longer in use, but can be used again.

• A large barn and 4 smaller camps also for the use of sheep

• 5 large lambing camps for sheep near the house.

• Flood irrigation lands behind the house. (10ha on which ryegrass is planted)

EQUIPMENT

1 MF 2680 Tractor

1 New Holland 6610 Tractor

2 Fiat 640 Tractors

1 Fiat 640 Tractor (4x4)

1 Rovic Fertilizer spreader

1 JD Planter

1 Kverreland Planter

2 Ploughs

6 Trailers

2 Rippers

1 Wonder Ciltivator

1 JD Baler (342)

1 Jacto Sprayer

1 x 4 Disc Harrow

1 x 8 Disc Harrow

1 x 10 Disc Harrow

2 Disse

3 Kuyn Disc Mower

1 Hammermill

1 Landini Landpower 145

Welger Baler (Bigpack)

10 Tol Lucerne Mower

1 Forklift

1 Grain Cart

1 Sitrex 12 Disc Harrow

UNDER PIVOT REGISTRATION

93 Ha Lucerne

12 Ha Grazing Langswenkgras for cattle and sheep

60 Ha Crop rotation

HISTORICAL DIAMOND RECOVERY ON PROPERTY

In the past a little alluvial mining activities took place on the property, and it was suspended due to disagreement between the stakeholders and also permit expired.

Only a few hectares outside the irrigation part were mined.

The property has also possible 4 kimberlite pipes. The location is known, but no information of the size and grade if any.

442.81 carats recovered from April 2002 to Augustus 2002 with proof.

Big stones recovered in that period.

1x 66 carat Fancy yellow

1x 33 carat fancy yellow

1x 38 cape

GRAVEL RESERVES

3 000 000 Tons Proven Reserves – Green

6 500 000 Tons Not Proven Possible Reserves – Yellow

DIAMOND SALES FROM APRIL TO AUGUST 2002

April 1 500 Gravel Tons Processed - 26.19 Carats Recovered - Grade cpht 1.74

May 4 800 Gravel Tons Processed - 90.71 Carats Recovered - Grade cpht 1.89

June 5 500 Gravel Tons Processed - 50.59 Carats Recovered - Grade cpht 0.91

July 3 000 Gravel Tons Processed - 59.98 Carats Recovered - Grade cpht 1.99

Augist 7 700 Gravel Tons Processed - 215.34 Carats Recovered - Grade cpht 3.07

Average 2.06 cpht

REVENUE SCENARIOS WITH DIFFERENT GRADES AND DOLLAR VALUE PER CARAT FOR 3 000 000 TONS OF GRAVEL.

N.B-gravel resources are under estimated

3.5 Grade (carats per 100 tons) - 105 000 Total carats recovered - R787 500 000 (Revenue @ $ R500 000 per carat Exhange rate R15)

SUMMARY

With the resources under estimated and taking in consideration the historical statistics of the grade and dollar value per carat, the value of the remaining proven resources is estimated at R 675 000 000-00.

Not proven resources value estimated @ R 1 462 500 000

With a strip ratio of 3 to 1, the mining cost are R 41-00 per ton x 3000 000= R 123 000 000

Net value of the remaining resources= R 552 000 000

Nett remaining Resources - R552 000 000

Agriculturale Value and Equipment – R 58 249 000

TOTAL R610 249 000

Selling Price Excluding VAT R99 000 000