Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Update expected on all three fronts
Permit Lahtojoki ( will acquire Partner)💎
Drilling Ireland ?Copper Nickel platinum
Further exploration kuhmo. A5 and Pipes 26/24 💎
Game changer coming!!?
Around 1.5 mil purchased in last two days no apparent reason
🤔
From months of dormant wilderness
The Riihivaara 26 exploration permit covers Karelian Diamond’s kimberlite (olivine lamproite) discovery at Riihivaara. Exploration permits Riihivaara 24, 24a and 24b cover the adjacent areas. The Riihivaara permits are in an emerging kimberlite field, in which the Company has to date identified 20 regional anomalies
New method could simplify detection of diamond deposits
Staff Writer | February 11, 2024 | 6:06 am News Top Companies Africa Australia Europe Latin America Russia and Central Asia Diamond Gold
A diamond sticking out of a piece of kimberlite rock
A diamond sticking out of a piece of kimberlite rock. (Image by ETH Zurich / Andrea Giuliani).
Geologists from ETH Zurich and the University of Melbourne have established a link between diamond occurrence and the mineral olivine.
In a paper published in the journal Nature Communications, the scientists explain that their method will simplify the detection of diamond deposits. The process relies on the chemical composition of kimberlites, which occur only on very old continental blocks that have remained geologically unchanged for billions of years, predominantly in Canada, South America, central and southern Africa, Australia and Siberia.
Yogi, are you with Hall comms.
Fantastic summary Yogi1, all that for a 2.5m m/cap , ridiculous, folk will kick themselves when this eventually starts moving , it really could be last chance at these prices , can you imagine sitting on sidelines trying to get in , hopefully not long .
The Lahtojoki full mining permit was expected by end of December 2023, according to AGM sources, but we are still waiting on it. It has to be close now.
Here is a post to cure the boredom of waiting shareholders...... I suspect everything will change for KDR and its shareholders after permission granted. It will be the most important moment in KDRs long history. Bigger than anything achieved at cgnr. The rerate in the KDR share price that will follow this news is inevitable. It will be a hugely transformational moment for KDR and kickstart Finlands diamond mining industry. Many companies will be coming. Finland knows this and Finland has quietly made preparations for their arrival. How KDR, a tiny 2/3m capital company have ended up in this position in Finland is astonishing. Rio Tinto's diamond big boys are Scandinavia bound and they are not there for the skiing. What about DeBeers? Are they also going to be after a piece of the pie, will the pie be sliced in two/three, or are Rio Tinto looking to secure the whole pie.
KDR have
Lahtojoki + Lahtojoki South - Diamondiferous - PINK DIAMONDS + BLUE DIAMONDS....$$$
Kuhmo - Anomaly 5-Diamondiferous - GREEN DIAMONDS.....The expected motherload***
Seitapera - Diamondiferous - High Value Diamonds - Larger stones - read historical news releases...6.9ha pipe
Riihivaara - Diamondiferous - Ask yourself why spend so much on Riihivaara and not confirm officially that it is diamondiferous- Rio Tinto gave Riihivaara a high category rating after analysing its results and paying for the work. ssshh!!
Liperi - Yellow Diamonds confirmed- What else is there- likely held at Rio Tinto's request, but for KDRs benifit too.
Salla - Even more SSSHH!.....also highly likely held at Rio Tinto's request, but for KDRs benifit too.
Jappilla - We should find out my March.....similar to Northern Ireland
Northern Ireland.....ODM said the early results were off the scale and some of the best they have seen. we dont know much, only that its causing great excitement.
I cannot find another diamond exploration company in the world in the kind of position that KDR find themselves in. How on earth have they managed to do this and keep a lid on it.
Major Diamond companies pay hundreds of £Millions for economic diamond discoveries because they are so rare. KDR appear to me to be sitting quietly on a new "province" of future diamond mines. Major diamond companies will pay huge money for this. KDR would be worth hundreds of millions overnight, which is nothing short of miraculous for a £2/3m cap company . If Mining Permit is imminent, then odds are that every thing else follows shortly after. Remember It appears to be all fancy colour diamonds, so way more valuable and they will have a mark on them as Finnish diamonds, meaning premium value. No conflict diamonds here.
A reminder of Seitapera, from an old article... The KDR geologist believes this has high grade areas, and possibly large stones, given many were 60% broken.....
Seitapera is the biggest kimberlite in Finland. It rings in at a healthy 6.9 hectares, which, for those educated in old money, equates to around 17 acres. In Finland, though, diamond geologists are still scrabbling around following railway trains and puzzling over the distribution patterns of garnets. The country is not yet established as a major diamond territory, despite showing lots of potential. So how does Seitapera shape up in the wider context? In any comparison it's worth stating at the outset that Seitpera is never going to get near Jwaneng, which is marketed by its owner De Beers as the world's richest diamond mine, and which covers a whopping 54 hectares. Nor is it as big as the leading De Beers kimberlite in Canada, at Victor, which measures 15 hectares. But it is bigger than all of the three pipes which comprise Rio Tinto's Diavik mine, also in Canada, which range in size from 0.9 to 1.6 hectares. It's also bigger than Diamondcorp's 1.18 hectare Lace pipe in South Africa, and bigger too than AK6, the 4.2 hectare kimberlite pipe in Botswana that John Teeling was muscled out of by Lucara Diamond Corp not so long ago. And bigger than the 0.85 hectare Droujba pipe in Guinea, which is currently being drilled by Stellar. But then again, not as big as Grib, which lies across the border in Russia, and which measures up at over 14 hectares at its greatest width. So, while it's not the biggest around, Seitapera is no slouch.
This is from a 2013/2014 article i read.....It just highlights the bonkers market capital of KDR again. KDR were given 10s of £millions worth of exploration work for free from Rio Tinto. Noting is currently built into KDRs market capital.
" The agreement signed with Rio Tinto in July 2010 allowed the company access to Rio’s entire Finnish exploration database. The thinking on Rio’s part was that diamonds in Finland were distinctly non-core, but that there were nonetheless plenty of tantalising hints as to the region’s prospectivity. So why not allow a hungry junior explorer access to all information gleaned to date, and retain an interest if any real value is created? On Karelian’s side, the amount of data that came in with the Rio deal would have cost tens of millions of dollars and saved it huge amount of legwork. And, after duly sifting through it, Karelian subsequently applied for several licenses."
Just a reminder
https://www.middiamonds.com/the-diamond-blog/could-finland-be-the-site-of-the-next-diamond-motherlode/
Dark Horse as ever ;-)
It may be of zero significance, and it may just be a tokenistic appointment, but to have Seamus FitzPatrick (who is the founder of Capvest - a multi-billion euro private equity group) appointed as "Deputy Chairman" of Karelian Diamonds is a very an interesting one. He is one of Irelands most successful and wealthiest businessmen.
So undervalued it’s extraordinary the sp is where it is , going up on even small buys , when news comes it will be lovely to watch , folk might not even get a chance , jv or straight T/O and it rerates to double figures easy , do your research , 90,000c/pt outstanding, let that sink in .
Life changing , Bol all
Https://www.sfa-oxford.com/platinum-group-metals/pgm-market-reports/biannual-pgm-market-outlook
PGM IN NI
Yogi , thanks again , some great info that folk have most likely forgotten about it’s been that long ago ,as you say how much is all Rio’s shared info worth and we sit at a £2m m/cap , folk are going to miss out here at some point soon imho , when news comes this should rocket , 35p conservative just for initial Lahtojoki area , nothing else , you have highlighted all other areas in Finland , then NI which stevehoops has mention could be very exciting indeed , hopefully news on permit this week and we are off ,Global events seem to have KDR in just the right position at the right time , coloured fancy gems , nice .Bol all
The KDR and Rio Tinto Confidentiality Agreement lasted around a decade. It was renewed by Rio in 2014 and lapsed in 2020. Alastair Ford called it explained - July 26, 2010
Shares In Karelian Diamonds Soar As It Joins Forces With Rio On The Ground In Finland
By Alastair Ford
"We're well pleased with it", says Professor Conroy of the recent agreement between his Finnish diamond company, Karelian Diamonds, and Rio Tinto. The markets were well pleased too, pushing Karelian's shares up by almost 200 per cent on Thursday 22nd July, the day the news was announced, and on good volumes too. The following Friday the shares then rose by a further 90 per cent or so, such that by the close of the week the overall rise amounted to a whopping 292 per cent, as Karelian closed at 4.25p.
That made Karelian easily the best performer of the week, although even after all that price strength, it still remains a minnow, capitalised at just £2.5 million. Rio Tinto's intervention certainly makes a difference, and for several reasons. The first, general, point to make is that the Rio deal brings Karelian back to life from the state of semi-hibernation that it had gone into once the global financial crisis got underway. To be fair, and as we've reported here before, Karelian didn't completely batten down the hatches, and was actually out there in Finland picking up ground when everyone else was running for cover. But exploration was well and truly on hold, and to all intents and purposes the markets seem to have taken the view that there was little of real substance happening.
If that was indeed the case, then the markets were well and truly woken from their torpor by the Rio deal. Under the agreement Rio will make available its extensive Finnish database to Karelian for evaluation. In return Rio gains the right to fund any Karelian discovery into production for a 51 per cent interest. The deal covers diamonds, and all other minerals as well, and effectively makes Karelian the defacto exploration arm of Rio Tinto in Finland, although when that interpretation is put to Professor Conroy he deftly sidesteps the issue. "I think we would regard it as fitting very well together", he says. "It's a sensible sort of relationship to have."
Given the history of prospecting for diamonds in Finland, and who acquired who, the Rio data is a prize worth having. As the twentieth century was drawing to a close it was Ashton that really opened up Finland as a country prospective for diamonds. Ashton, the Professor reminds us, discovered Karelian's leading asset, the Seitapera kimberlite pipe, Finland's largest. It was also Ashton which discovered the Lahtojoki pipe currently under joint investigation by Mantle Diamonds and Kopane Diamond Developments. In short, Ashton was the big noise in Finnish diamonds, and it was acquired, along with all its data, by Rio late in the year 2000. But the prize, as far as Rio was concerned, was always Ashton's 40 per cent stake in the Ar
Been a while since I've posted on here. Interesting how there's no action for months then a flurry of buys today. Next week will be interesting.
People forget that the Riihivaara results were outstanding. The company only confirmed highly likely to be diamondiferous. Nothing to see here mentality to avoid attention. Rio Tinto in stealth mode via KDR. Then Rio Tinto started re-entered Finland again with a new company Rio Tinto Exploration Finland. They have been picking up licences all over the place in Finland . However none for diamonds, despite 3 of the 4 directors of that company being from diamond exploration backgrounds. Why none for diamonds? Because their de-facto arm for diamond exploration on the ground in Finland (KDR) can do all that. All quietly done, nobody has noticed.
9 Nov 2015.....RIO TINTO ANALYSIS IDENTIFIES HIGH CATEGORY RATING DIAMONDIFEROUS KIMBERLITE INDICATOR MINERALS .....Samples Collected Close to Kimberlite Body Discovered by Karelian
Diamond Potential of Rihiivaara Area Confirmed
_____________________________________________________________________________
Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), is pleased to announce
that high category rating diamondiferous kimberlite indicator minerals have been identified by Rio
Tinto Mining and Exploration Limited (“Rio Tinto”), with whom the Company has a Confidentiality
Agreement (with back in rights), in samples collected by Karelian. The samples were collected close
to the kimberlite body discovered by the Company in the Rihiivaara area of the Kuhmo region of
Finland.
The identification of the diamondiferous kimberlite indicator minerals was made by Rio Tinto, in their
Melbourne Laboratories using a Scanning Electron Microscope (SEM), during tests carried out on
samples provided by Karelian.
The samples were collected within 100 metres of the kimberlite body discovered by Karelian in
Rihiivaara. The presence of diamondiferous kimberlite indicator minerals together with the discovery
nearby of the kimberlite body enhances the diamond potential of the area.
The laboratory results from Rio Tinto on the major element data from the samples comprise of 7
Harzburgitic G10 Garnets including 4 that were classified as G10(D), 43 Lherzolite G9 Garnets and
24 G1 Eclogite grains.
The presence of G10(D) Garnets which are low calcium chrome pyropes that form within the
diamond stability field of the upper mantle, where the temperature and pressure is suitable for the
formation of diamonds, is particularly encouraging.
I've been invested here since May 2014 - it's been a long time coming! Best of luck for the coming weeks / months all
Yogi1, great info , thank you .
From December 2013 to May 2014.......so 5 to 6 months KDR raised the following:
11 dec 2013.....£700,000
7 Jan 2014.......£750,000
14 Jan 2014.....£550,000
2 May 2014......£725,000 + 430,000 debt conversion
Thats £3.155m in space of 5 months . Bare in mind Rio Tinto paid £350,000 to analyse the samples in Melbourne for Riihivaara. Thats all more than the current market capital of the company. Current market capital really is bonkers!
That first tranche of data alone would cost many times the current KDR market capital
This was the start of it that data, 13 years ago
KARELIAN DIAMOND RESOURCES PLC
FIRST TRANCHE OF DATA RECEIVED FROM RIO TINTO MINING AND EXPLORATION LIMITED
Over 53,000 surface samples
122 diamonds present in the samples
Over 600 probe results (of kimberlite indicator minerals) from over 200 locations across Finland
Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDR.I), the diamond exploration company
focused on Finland, is pleased to announce that it has received its first tranche of confidential information from
Rio Tinto Mining and Exploration Limited (“Rio Tinto”) in accordance with its confidentiality agreement with
Rio Tinto, as announced on 22 July 2010, relating to samples taken across Finland.
The data comprises over 53,000 surface samples and over 600 analytical probe results and other kimberlitic
mineral data, kimberlitic indicator minerals reported from over 200 locations. 122 diamonds were recovered
from various locations in Finland.
Karelian will integrate Rio Tinto's data with that gathered from its own exploration programme to assist in
identifying potential targets in Finland.
Kuhmo will see a central processing plant (economies of scale) to serve a number of diamond mines. Finland will be the new Canada but without the costs. Fantastic existing infrastructure.