Work assessing the potential of a diamond project in Finland has increased the owner’s confidence in asset’s economic potential.
The results were comparable to historic data generated from Central and Western areas.
The new information supports the company’s thesis Lahtojoki’s diamond-bearing kimberlite will produce around 40 carats of high-quality stones per hundred tonnes of ore.
“These early-stage results not only serve to confirm the validity of earlier analyses by a previous operator, but also indicates that the grade, modelled at 40 carats per hundred tonnes from past micro-diamond results, could be reasonably extended into the Eastern Lobe of the Kimberlite at depth,” said chairman, Professor Richard Conroy.
“As such they give the company increased confidence in an economically robust project, as outlined in the preliminary economic assessment undertaken in 2017.”