Firestone Diamonds PLC 110 carat gem-quality diamond recovered (5935B)
April 05 2017 - 2:00AM
UK Regulatory
TIDMFDI
RNS Number : 5935B
Firestone Diamonds PLC
05 April 2017
5 April 2017
Firestone Diamonds plc
("Firestone" or the "Company") (AIM: FDI)
110 carat gem-quality light yellow diamond recovered at
Liqhobong
Firestone Diamonds plc, the AIM-quoted diamond mining company,
is pleased to announce the recovery of its largest diamond to date,
a 110 carat gem-quality light yellow diamond, during the ramp up
phase at its Liqhobong Diamond Mine.
The Company believes this diamond recovery confirms the
significant larger stones potential that exists at Lighobong.
A photo of the diamond can be viewed via the PDF link:
http://www.rns-pdf.londonstockexchange.com/rns/5935B_-2017-4-4.pdf
Stuart Brown, Chief Executive Officer of Firestone,
commented:
"I am delighted to announce that we have recovered Firestone's
largest diamond to date. The 110 carat gem-quality light yellow
diamond recovered during Liqhobong's ramp-up phase is a very
exciting and encouraging accomplishment. It confirms our long held
belief that Liqhobong has large stone potential and I hope this is
the first of many to come."
For further information, please visit the Company's website or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Stuart Brown
+44 (0)20 7409
Strand Hanson Limited (Nomad) 3494
Stuart Faulkner
Richard Tulloch
James Dance
Macquarie Capital (Europe) +44(0)20 3037
Limited (Joint Broker) 2000
Raj Khatri
Nick Stamp
Mirabaud Securities LLP (Joint
Broker)
+44 (0)20 7878
Rory Scott 3360
+44 (0)20 7878
Ed Haig-Thomas 3447
Tavistock (Public and Investor +44 (0)20 7920
Relations) 3150
Emily Fenton +44 (0)7788
Jos Simson 554 035
Barney Hayward
Background information on Firestone
Firestone is an international diamond mining company with
operations focused on Lesotho. Firestone is currently in the
process of commencing commercial production at the Liqhobong
Diamond Mine. Liqhobong is owned 75% by Firestone and 25% by the
Government of Lesotho.
Lesotho is emerging as one of Africa's significant new diamond
producers, hosting Gem Diamonds' Letseng Mine, Firestone's
Liqhobong Mine and Namakwa Diamonds' Kao Mine.
For more information please visit: www.firestonediamonds.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 05, 2017 02:00 ET (06:00 GMT)
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