logo-loader
RNS
Firestone Diamonds

Recovery of 70 Carat White Gem Diamond

/**/ link{ color: #0563C1 }visited{ color: #954F72 } .o{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.o{}p.a,li.a,div.a{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";}span.x{display:none}p.z{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: center}p.aa{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align: center}p.ab{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify}p.ac{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-div: italic}table.ad{margin-left:-16.2pt;border-collapse:collapse}td.r{width:267.3pt;padding:0cm 5.4pt 0cm 5.4pt} p.ae{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold}td.q{width:92.9pt;padding:0cm 5.4pt 0cm 5.4pt} /**/
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:

 

Firestone Diamonds plc

+44 (0)20 8741 7810

Paul Bosma

Grant Ferriman

 

 

 

Macquarie Capital (Europe) Limited (Nomad and Broker)

+44 (0)20 3037 2000

Nick Stamp

Nicholas Harland

 

  

 

Tavistock (Public and Investor Relations)

+44 (0)20 7920 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 [email protected] or visit www.rns.com.

 

END

 

 

MSCBLBDDXBBBGIX

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
MSCBRGDDDGBBGCB

Quick facts: Firestone Diamonds

Price: £0.01

Market: AIM
Market Cap: £7.07 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE