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West African Diamond - Trading Statement

RNS Number:6423L West African Diamonds PLC 14 January 2008 14th January 2008 West African Diamonds Plc PLANT 11 MINE IN KOIDU, SIERRA LEONE REACHES FULL PRODUCTION * Plant 11 Mine in Sierra Leone in full production * Gold recovered from the first gold pour and over 3,100 diamonds recovered to date. * Marketing contracts in place and first gold and diamond sales planned for Q1 2008. 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 its Plant 11 Tailings Mine in Koidu, Sierra Leone. Gold and diamond production has commenced on the 7M tonne undersize tailings deposit. The plant has been commissioned at its targeted capacity of 150 tonnes per hour and is currently operating on an extended day shift basis. Overall output for the 7M tonne deposit is expected to be approximately 0.4g/tonne gold worth $9 a tonne of ore and diamonds worth $3 a tonne of ore. Expected mining and treatment costs are $3 per tonne. The first gold pour has already taken place and in excess of 3,100 diamonds (198 carats) have been recovered from the 16,100 tonnes of material treated to date. Gold and diamond marketing contracts are in place and the first sales will occur in Q1 2008. 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. James Campbell, Deputy Chairman, said 'A year ago when West African Diamonds listed in London this project had yet to reach the detailed designed stage. It is a major achievement and a tribute to our staff in Sierra Leone that we have been able to design, build and commission a mine in West Africa in one year. Plant 11 which should produce revenue for a number of years provides a sound foundation on which to build our other mines in Sierra Leone and Guinea.' Enquiries: West African Diamonds John Teeling, Chairman + 353 1 8332833 James Campbell, Deputy Chairman +27 83 457 3724 Blue Oar Securities Plc 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 TSTFGGMMVMRGRZM

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