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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.
KDR has a market capital of 2m. May investors probably don't realise that Rio Tinto gave Karelian Diamonds £30m -£40m + of their private exploration data for Finland as part of there confidentiality agreement. As a result of combining these tranches of confidential information with KDR's already existing exploration data, KDR were able to gather up all the best ground. I think KDR spent years studying Rio Tinto's Data initially. You are kidding yourself if you think Rio Tinto are not still in the background.
9 assets below. This just highlights the bonkers current share price. Lahtojoki alone was previously conservatively valued at 35p. I suspect Anomaly 5 may be 20x to 30x that. This will rerate when investors do the maths.
Kuhmo - Anomaly 5 +
Riihivaara +
Seitapera
Lahtojoki
South Lahtojoki
Salla
Liperi
Jappila
Northern Ireland
Yogi1 , thanks for all your insightful posts through the years , much appreciated.
As Prof Conroy stated “ folk are starting to do the numbers , we certainly are.”
Bol all
Lahtojoki JV deal must be waiting to go once mining permit arrives.
One would expect this to be the catalyst and the button can then be pressed on the rest.
Thought i better top up £500 something a foot first action in here for a long time. gla
Let’s hope more news on all 3 fronts
Even a deal to come ?
Partner for Lahtojoki
Coiled spring , it’s all about how many you hold now , life changing .
New Diamond Province at this price , wow , won’t be at this price once news hits , let’s not forget Ireland .
Bol all
Agree allan30, I just wonder might the mining permit arrive next week. It was expected in December, so it must be coming. Perhaps some investors do not want to be out of KDR at the weekend, hence the share price heading north. We shall see. A new company is coming and not before time. When this kicks off, you will not be able to buy these. Exciting times I expect.