Firestone Diamonds PLC Recovery of 70 Carat White Gem Diamond (6874P)
February 12 2019 - 2:00AM
UK Regulatory
TIDMFDI
RNS Number : 6874P
Firestone Diamonds PLC
12 February 2019
12 February 2019
Firestone Diamonds plc
("Firestone" or the "Company")
RECOVERY OF 70 CARAT WHITE GEM DIAMOND
Firestone Diamond plc is pleased to announce the recovery of a
70 carat white, makeable diamond from its Liqhobong Mine in
Lesotho. This follows after a 46 carat gem diamond that was
recovered in December, sold for more than US$1 million at a
recently held sale. The 70 carat diamond was recovered undamaged
and will go on sale at the next tender which is scheduled to take
place during March 2019.
Further details will be included in the Q3 production
update.
An image of the diamond is available on the Company's
website:
https://www.firestonediamonds.com/sales-marketing/special-stones
Paul Bosma, Chief Executive Officer, commented: "The 70 carat
stone was recovered in the northern, low grade part of the pit
where the bulk of our mining will take place in the coming months.
Although the market for the smaller stones has been under pressure,
we've seen continued demand and good prices realised for special
stones".
For more information please visit www.firestonediamonds.com or
contact:
+44 (0)20 8741
Firestone Diamonds plc 7810
Paul Bosma
Grant Ferriman
Macquarie Capital (Europe) Limited +44 (0)20 3037
(Nomad and Broker) 2000
Nick Stamp
Nicholas Harland
+44 (0)20 7920
Tavistock (Public and Investor Relations) 3150
Jos Simson
Gareth Tredway
Annabel de Morgan
About Firestone
Firestone is an international diamond mining company with
operations focused in Lesotho. Firestone commenced commercial
production in July 2017 at the Liqhobong Diamond Mine in Lesotho.
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' Letšeng Mine, Firestone's
Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae
Mine.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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