DiamonEx has acquired two diamond-bearing kimberlites which make up the Sloan project in North Colorado, USA. According to Managing Director Dan O'Neill, this project is potentially larger than DiamonEx’s existing Lerala project in Botswana, which is expected to produce 330,000 carats annually over the next 10 years. DiamonEx is optimistic about discovering diamond deposits in the Colorado-Wyoming area, with over 40 diamond pipes and dykes being identified in the State Line area.