Primitive olivine-mica-K-feldspar lamprophyre dykes, dated at 1831 ± 6 Ma, intrude lower greenschist facies rocks of the Early Proterozoic Pine Creek Inlier, of northern Australia. They are spatially, temporally and probably genetically associated with a post-tectonic composite granite-syenite pluton (Mt. Bundey pluton). The dykes have unusually high contents of large-ion-lithophile (LILE) and LREE elements (e.g. Ba up to 10,000 ppm, Ce up to 550 ppm, K 2O up to 7.5 wt. %) that resemble the concentrations found in the West Kimberley olivine and leucite lamproites. However, mineralogically the Mt. Bundey lamprophyres resemble shoshonitic lamprophyres and lack any minerals diagnostic of lamproites; leucite or leucite-pseudomorphs are absent. Mineral compositions are also unlike those in lamproites: micas contain higher Al 2O 3 than lamproitic mica; amphiboles are secondary actinolites after diopside; and oxides consist of zincian-chromian magnetite and groundmass magnetite. Heavy mineral concentrates contain mantle-derived xenocrysts of magnesiochromite, pyrope, Cr-diopside and rutile indicating a depth of sampling > 70 km. The Mt. Bundey lamprophyres are non-peralkaline to borderline peralkaline (molar (K + Na)/Al = 0.8 − 1.0) and potassic rather than ultrapotassic (molar K/Na < 2.5). They have distinctive major element compositions (≈46−49 wt. % SiO 2, ≈1.5−2 wt. % MgO, ≈7 wt. % CaO), and element ratios (e.g. molar Al/Ti ≈10, K/Na ≈2) that indicate they are best classified amongst transitional lamproites, i.e. potassic rocks such as cocites, jumillites and Navajominettes, that have geochemical characteristics transitional between Groups I and III. (Foley et al., 1987). The Mt. Bundey lamprophyres have LILE enrichment patterns that resemble the W. Kimberley pamproites but have moderate negative TaNbTi anomalies and HREE abundances that are closely similar to the jumillites of southeastern Spain and Mediterranean-type lamproites. Single-stage modelling of RbSr data is consistent with enrichment of the source-region of the Mt. Bundey lamprophyres ≈ 120–170 Ma before partial melting; i.e. at 1.95–2.10 Ga. Source enrichment does not appear to be associated with subduction processes, but may instead relate to incipient rifting of the Archaean basement. Negative TaNbTi anomalies in the Mt. Bundey dykes may, therefore, relate to stability of residual titanate minerals in an oxidized subcontinental mantle source. This view is supported by high Fe 3+/ΣFe ratios of mantle-derived magnesiochromite xenocrysts which indicate oxidized mantle conditions ( ƒ o2 ≈ FMQ + 1 long units ), and by the presence of xenocrystic Cr-bearing rutile. Although the Mt. Bundey dykes have sampled upper mantle material, the oxidized nature of the magma source-region, and of the magma itself, suggests that conditions may not be favourable for diamond survival at depth nor for diamond transport in transitional lamproite magmas of this kind.