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West African Diamond - Trading Statement

RNS Number:5301D West African Diamonds PLC 10 September 2007 UPDATE ON BOUNOUDOU PROJECT 'DROUJBA', GUINEA *The Bounoudou licence contains significant alluvial diamond potential in addition to the Droujba kimberlite. *Exploration potential of 300,000 - 500,000 carats in one part of the exploration license. The board of West African Diamonds plc, the AIM listed diamonds and precious metals explorer and developer (AIM: WAD), is pleased to provide an update on a detailed report into the 53km(2) Bounoudou licence in South East Guinea. The report, produced by Dr Sutherland of Placer Analysis Pty Ltd, an acknowledged expert in the area of secondary diamondiferous deposits, particularly in West Africa, reviewed both hard rock and alluvial diamond potential. In addition to the well known Droujba kimberlites discovered in the 1960s, Sutherland estimates that further small kimberlite pipes and dykes may be discovered in WAD's exploration license. The alluvial potential signalled by Sutherland is a welcome bonus to WAD. There are a range of alluvial deposits in the Bounoudou area, along both the small tributaries and the larger rivers. Although the shallower and less water logged of these deposits have been extensively mined, initially by formal mining and latterly by artisinal digging, it is quite likely that there are exploitable sections remaining. Along the larger streams where the deeper gravels are water-logged there remains potential for significant deposits. The largest such deposit is along the River Somolo where an order-of-magnitude exploration potential has been identified at 300,000 - 500,000 carats. James Campbell, Deputy Chairman, said 'This exploration license was acquired to obtain the Droujba kimberlite, but the presence of significant quantities of alluvial diamonds means that this area has economic potential both for primary and secondary diamond deposits. Dr Sutherland's report is part of a detailed review of all available data to help WAD decide the next stage of evaluation of the Droujba kimberlite, the secondary dykes and now the potential alluvial deposits.' This release has been approved by Alex van Zyl, Technical Director, West African Diamonds. Alex van Zyl (B.Sc. Stellenbosch, B.Sc. Hons. Pretoria) spent a long career in Anglo American in the diamond division, ending up 1990 to 1997 with worldwide responsibility for diamond exploration and evaluation. He was a consultant to De Beers from 1997 to 2002. Enquiries: West African Diamonds John Teeling, Chairman + 353 1 8332833 James Campbell, Deputy Chairman +27 83 457 3724 Blue Oar John Wakefield +44 (0) 117 933 0020 College Hill Paddy Blewer +44 (0) 20 7457 2020 Nick Elwes +44 (0) 20 7457 2020 This information is provided by RNS The company news service from the London Stock Exchange END TSTKGGGLVNMGNZM

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