Peregrine Diamonds Ltd. is a Canada-based diamond exploration company. The Company's primary assets include a number of prospective diamond prospecting licenses, which cover approximately 5,746 square kilometers in Botswana. The Company's exploration properties include the Chidliak diamond project on Baffin Island in Nunavut and the Lac de Gras, which is located in the Lac de Gras region of the Northwest Territories. Its Chidliak diamond project has over 71 kimberlites. Its subsidiary, Peregrine Exploration, holds Lac de Gras project, which covers an area of over 8,493 hectares. Its DO-27 kimberlite, located at Lac de Gras, has an indicated mineral resource of over 18 million carats of diamonds in over 19 million tons of kimberlite at a grade of 0.94 carats per ton. Its DO-27 kimberlite has an area of approximately nine hectares. The Company has identified a target for exploration of approximately 3 to 4 million tons of kimberlite to a depth of 380 meters below surface at CH-6.