Firestone Diamonds PLC Recovery Of 72 Carat Yellow Diamond (3602V)
April 08 2019 - 2:00AM
UK Regulatory
TIDMFDI
RNS Number : 3602V
Firestone Diamonds PLC
08 April 2019
8 April 2019
Firestone Diamonds plc
("Firestone" or the "Company")
RECOVERY OF 72 CARAT YELLOW DIAMOND
Firestone Diamonds plc is pleased to announce the recovery of a
72 carat yellow, makeable diamond from its Liqhobong Mine in
Lesotho, during the past weekend. The 72 carat diamond was
recovered together with a 22 carat makeable white stone, followed
by an 11 carat fancy light-pink stone. These diamonds will go on
sale at the next tender which is scheduled to take place during May
2019.
This is the second c.70 carat stone recovered from the operation
this calendar year, following the 70 carat white, makeable which
was sold in the March auction at a record overall price for a
Liqhobong diamond.
Further details of the sale will be included in the Q4
production update.
Paul Bosma, Chief Executive Officer, commented: "It was a good
weekend for us, recovering the 72 carat diamond as well as the two
smaller, high quality stones from within the northern, lower grade
part of the pit. These recoveries will certainly assist in
supporting the average value of the next sale in May."
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
MSCSSWFAWFUSEEL
(END) Dow Jones Newswires
April 08, 2019 02:00 ET (06:00 GMT)
Firestone Diamonds (LSE:FDI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Firestone Diamonds (LSE:FDI)
Historical Stock Chart
From Sep 2023 to Sep 2024