Tabora Limited, previously known as Redox Diamond Limited, conducted significant diamond exploration programs in Tanzania in 2006 and 2007 under a joint venture with Resolute Mining Limited. The Company has refocused on the exploration for rare earth elements ("REE"). The company's main targets are carbonatites, host to many economic REE deposits around the world. Carbonatites are mantle derived intrusions and show often a spatial relationship with kimberlites, host to diamond deposits. The magnetic surface expressions of kimberlites and carbonatites are similar.
A secondary exploration focus by Tabora is the follow-up up of a number of discrete kimberlite targets. A strengthening of the global diamond market and an increase of the diamond price in the last 18 months has added value to Tabora’s diamond interest in Tanzania.
