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Let's hope good news this week that he's able to present and get excited about all he can talk about right now is what he's having for his Sunday Roast!
Sunday Roast. Pod cast 1.09 in
Next week
Build
Hinted
Prof on next week
#KDR
The diamond mining concession together with all claim reports and additional technical material was acquired from A&G Mining Oy (“AGM”). The purchase price was €150,000, comprising an initial purchase price of €50,000 plus a further €100,000 after twenty four (24) months unless Karelian decides not to develop the project. A royalty to AGM of 1% is payable either in diamonds or cash on diamond production up to 2.5 million carats and 2% payable on diamond production above 2.5 million carats.
Https://www.timanttiaukio.fi/wp-content/uploads/2018/11/Lahtojoelta.jpg
TAKE A LOOK AT THIS LAST OWNERS WEBSITE AND THE LAHTOJOKI GEMS ON SHOW ;-0
Kevin at the AGM mentioned he was eager to revisit Seitapera (further diamond fields? or base metal ?)... now emerging fields or in other words a province ???( Rich in fancy gems high grade diamonds?? plus Copper and base metal ?)wow could be ..........
Kuhmo
Lahtojoki
Northern Ireland
ALL 100 % K D R
All held up for Lahtojoki Permit expected June time ?
B U I L D ;-]
Karelian Diamond Resources plc (Karelian) is pleased to announce that first phase drilling of the
known diamondiferous Seitaperä pipe on its licences near Kuhmo, Finland, has been highly
encouraging. It has shown the pipe to have a massive hypabyssal kimberlite core surrounded by
a 50m-wide zone of explosively emplaced breccia comprising 30p.c.-70p.c. kimberlite
Size Fraction No. of Stones
+300 µm* 7
+212 -299 µm* 4
+150 -211 µm* 28
+105 -149 µm* 28
Total 67
We know that Terhi Tulenheimo (Exploration Geologist - Finland, employed by KDR now) was with Roy Spencer at Foriet Oy (Arctic Star). It is interesting that Arctic Star, are suddenly about to press go on Finland again.
Great research Yogi
Canadian-based Foriet Oy considers the industrial diamond deposits it found in the Suolavaaroi-Tapuliaho area in Kuusamo to be so interesting that it wants to use its continued mining license despite the appeal.
In an application, the company has asked the Finnish Safety and Chemicals Agency (Tukes) that the agency issue an order to implement the company's recently received ore prospecting permit called Suolavaara. The citizens' mining delegation has appealed the permit decision to the administrative court, but the Mining Act gives Tukes the opportunity for such an order. (enforcement order......I think KDR did similar before)
Kuusamo's Suolavaara prospecting permit was objected to again, but the company wants to act despite the complaint - "A significant, diamond-rich kimberlite deposit has been found in the area"
arctic star confirms diamonds in a new kimberlite field, finland
... roy spencer. roy continues: "there is good evidence for ... on completion of the **************, foriet oy will become a wholly owned subsidiary of arctic star
I notice Tukes approved the extension of the ore exploration license for Seitapera today.
In addition, today, Foriet OY (Arctic Star....Roy Spencer) also applied to Tukes for prospecting permit (renewal) and an application to enforce the permit despite the appeal....(they must have encountered some time wasting complainers and are keen to progress without having to wait for an appeal)
Why ask for an amendment to the land boundary with the subsequent delay unless you are 100% certain there is something worth waiting for. They obviously are certain there is something there.
Good enough for me just topped up another grand this afternoon just waiting for the big news, time will tell
The court hearing scheduled for 21 May 2024 is to finalise the appeals by two of the landowners regarding the amount of compensation to be paid to them and also a change to the mine boundary.
It was mentioned at the AGM the compensation amendment was easy to agreed but land boundary amendment process meant it was back to square one ,hence the delay .
It appears to many folks here whom research LTH ,THIS PERMIT IS HOLDING EVERYTHING UP,
its coming ..................
“The setting of an official date for the hearing of the appeal by the two landowners will bring finalisation to the establishment of a diamond mining concession at Lahtojoki and is to be welcomed
Seems confident and agreed already?🤔
Have no doubt the diamonds are there . We are short of competence !
I also read in the press some years ago that Rio Tinto asked KDR to acquire the Lahtojoki Deposit. What are the odds it did the same with Salla, Liperi, and Jappila? Very high I would suggest.
I would challenge anyone here to find me another pending diamond mine for pink and blue diamonds anywhere in the world other than KDR. DeBeers said there were no diamonds in Canada and then opened a diamond mine and revealed a whole diamond province. Finland is next. ssh!
Now that I think of it, Argyle had blue diamonds also. Could Finlands new coming diamond province, of which KDR controls all , be the replacement for the now exhausted and closed Argyle mine. Remember Argyle discovery was hidden initially from the public. There are parallels with Finland. Rio Tinto are common to both too.
If i remember correctly, I think 60% of the Lahtojoki diamonds are "gem" quality diamonds.
The previous owners A & G were not really a mining company. More a jewellery company I think.
Coloured diamonds were not as valuable back then. Whilst this deposit may not be very large, it may be extremely valuable. If you have 3% - 6/7% coloured diamonds and we know 60% of them are gem quality. Then you don't need to have many pink or blue diamonds for revenue to be very high. Remember Argyle in Australia was the largest diamond mine in the world, but more than 50% of its revenue came from its 3%-5% pink diamonds. It's now closed and the world is minus 90% of its supply of pink diamonds. Plus russian diamonds are banned. It doesn't take a genius to see that Lahtojoki will be contributing to the shortfall. Permit can issue formally soon after the court date in May. Watch out for blue diamonds too. I remember reading about a blue diamond selling for nearly $50m. One or two coloured diamonds can pay for an entire mine. Remember payment by diamonds has been mentioned before by KDR.
Simples
The board awards themselves a 33% discount placing
Feathering a nest at Shareholders expense?????
Was 5 p then they sunk it ???to 2p
So why is the SP still 2p?
Green in Kuhmo
Looks like full house