Member Info for FOCUS4

Did you ask if they had any more out back Steve?

All coming together Yogi.

https://m.youtube.com/watch?v=7BG087AgXwE

https://m.youtube.com/watch?v=k1-ybMGsiW4

Also worth googling Marja Lehtonen and Hugh O’Brien. They certainly know what they’re talking about.

2 months since exploration of 38 kimberlite targets commenced in Kuhmo...

"Further announcements will follow as the exploration programme proceeds"

Next week it's 2 months since the stream sediment samples from Northern Ireland were shipped over to ODM in Canada...

At least a 6 month delay in confirming the formal registration of the mining permit at Lahtojoki...

Should soon get very interesting for KDR...

More on the Lahtojoki kimberlite - Pipe 7

"One sample assayed at 90,000 ct/ton diamond"

https://www.mindat.org/loc-265708.html

That's insane!

I'm certainly hoping the Prof has secured all the required land necessary in Finland and Northern Ireland so he can roll out the results, there's so much to look forward to. Just a matter of when.

Offered 5p for 200k, so moving in the right direction. There's no doubt the free float is very low.

If technicals have led some short term traders here I'm not bothered, it's just noise as far as I'm concerned. 5p or 10p, it doesn't really matter (apart from the positive CGNR development).

Below is a link the Aug 2021 broker note which values the company at 35p per share based solely of the existing Lahtojoki PEA. Nothing else is priced in, as per the below quote. It also excludes anything in Northern Ireland.

"Our valuation represents only the current economic potential of Lahtojoki, and not any additional exploration upside from the discovery of new diamondiferous kimberlites that could be present in the project area. For prudence purposes, we have not at this stage incorporated any exploration and discovery uplift from the Kuhmo project area, including the potential for green diamond mining".

http://kareliandiamondresources.com/sites/default/files/Karelian_Diamonds_KDR.L_FEL_Research_Note_TP_35p_Buy_.01.pdf

Agree to some extent Steve, but license areas do get added such as KDR2 & 3 in NI. It’s early doors there, so whilst they seem to have most of NI locked down, there could still be other areas that interest them after the test results come back, I wouldn’t rule it out.

You’re probably quite right, it’s a similar situation with most resource exploration. The two latest licenses run until 2028, so there is time.

I’d like to know what they have found in south Lahtojoki though. Very high hopes for that area and a JV possible according to the prof.

All speculation at moment and the market only wakes up when they know what we have? As we know, KDR have been quietly going about their business, securing licenses, testing, disclosing as little as possible, moving onto the next target then repeat.

There is certainly some serious expectation about uncovering a diamond province in Finland. If that’s the way they need to operate to get it done, then I won’t be too upset. I’m sure that other certain parties are being kept up to speed as necessary.

NI is obviously at the early stages, but certainly seems worth following up.

When is the Lahtojoki news ready for release?

How much would an RNS with all of the above, add to the MCAP?

In the meantime, the Rugby World Cup is kicking off so it’s not all bad!

Nov 2021

"The Tellus project proved the presence of elevated levels of nickel, copper, chromium, platinum and palladium in the area of the Company’s licence. Interpretation suggests these geochemical enrichments are associated with Palaeocene dykes which crosscut the area".

March 22

Applications by Karelian Diamonds follow results from a sampling programme that are indicative of the presence of Nickel-Copper-Platinum Mineralisation Two licences applied for covering an area of approximately 500km2 Exploration programme to target Magmatic Sulphide rich Nickel-Copper-Platinum mineralisation

If you look at where the additional two licenses were sought, and a map of NI's Palaeocene dykes..

https://www.economy-ni.gov.uk/sites/default/files/consultations/economy/Annex-D-KDRA2%2022-KDRA3-22-Licence-Consultation-Map.pdf

https://earthwise.bgs.ac.uk/images/f/fb/P947872.jpg

Ironically, the Voisey's Bay Ni-Cu-Co deposit was discovered by diamond prospectors. $4.3billion says they probably weren't too upset about the lack of diamonds.

it's also worth noting that similar geology occurs in kdrs licenses to the east of county fermanagh and county tyrone.

similar to diamond hunting, it's a case of following the flow...

"numerous examples in counties fermanagh and tyrone intrude devonian and carboniferous rocks, such as the 27 km long cuilcagh-glenfarne dyke [6], [7] and the 30–35 km long irvinestown dyke which transects the western end of the fintona block [8]. most of the mega-dykes are moderately fresh, feldsparphyric olivine basalt and dolerite. the multiple nature and gabbroic core of the doraville dyke is exposed in the quarry [h 200 558] southwest of irvinestown and illustrates a long history of intrusion.

the minor dykes in counties fermanagh and tyrone are usually of olivine basalt or dolerite composition".

the orebody at voisey's bay

"the major copper-nickel deposits of the world are associated with igneous rocks that are formed by partial melting of the mantle (figure 2). the most familiar, mantle-derived igneous rocks are the basalt volcanic flows of the ocean crust. when the same basalt magma is emplaced within the crust, rather than reaching the surface, it cools slowly, to form gabbro, the co**** grained equivalent of basalt. the host rock to the copper-nickel deposit at voisey's bay is a type of gabbro".

"model for the voisey's bay deposit (after naldrett et al., 1996) the massive sulphides overlie a feeder dyke which is approximately horizontal where it enters the intrusion. it is probable that the immiscible sulphide liquid separated from the gabbroic magma as it was moving along a feeder dyke to its final location".

Northern Ireland, County Fermanagh, from RNS dated 26/07/23, this comment interested me (and apologies for the ramble if this has already been discussed) -

"ODM has been a key contributor to numerous discoveries worldwide, including the Voisey's Bay Ni-Cu-Co deposit in

Labrador, Canada".

It appears that two land masses collided to form of the island of Ireland. The southern one from Eurasia, the northern one (including County Fermanagh) from modern North America. From continental drift mapping through the ages, there looks a distinct possibility that County Fermanagh was connected closely with Labrador in Canada many millions of years ago. KDR have now secured access to 750sqkm of County Fermanagh, which is nearly half of the County.

The host rock to the copper-nickel deposit at Voisey's Bay is a type of gabbro. A brief geological search of County Fermanagh shows a section of gabbro to the west of the County. Is the significance of sending the stream sediment samples to ODM, an assumption that they analysed the same gabbro in the 90s when they discovered the Voisey's bay deposit?

As we have no results yet, I'm not suggesting we have anything remotely similar, but it's worth knowing that the Voisey's Bay deposit was bought by Inco in 1996 for $4.3 billion.

Whilst everyone (including myself) are focused on the Kuhmo exploration programme, does the NI sampling have the potential to be equally as exciting? Until we know otherwise, I'd say it is.

Exactly Sir J, so many potential triggers for significant gains, can't be too far away from the first one.

Hopefully Rai has the sense to keep their % gains from the latest ramp in here to take advantage of the opportunity, but each to their own.

Over 20% up on very little volume, imagine what will happen when we actually get some news. Primed.

No doubt. The company has already suggested that a JV is likely for Lahtojoki, but who knows where we are in that process as we are still looking to expand the known resource.

As for Kuhmo, assuming we have what we think we have, Rio looks a very likely end game further down the line.

For now, I'm looking forward to results on all fronts.

The trading action shows we are still very much under the radar, which isn't necessarily a bad thing as LTHs can keep adding at excellent prices. As summer turns to autumn, it will start to heat up in here.

It has been over a month since exploration works commenced on the 38 kimberlite targets in Kuhmo, which are being undertaken in tandem with works on Lahtojoki, which is looking to expand the proposed diamond mine.

It has been nearly a month since the 33 stream sediment samples were dispatched from Northern Ireland to ODM in Canada, where KDR appear very excited about a potential Nickel-Copper-Platinum deposit they hold 3 licenses over.

For once, a lot is happening in the background with this company. An MCAP under £4M is almost laughable for what we have. The professor has warned us of what is likely to come, so we can have no excuses if we aren't ready when it does. Until then, sit back and relax.

It’s quite some list Steve. Don’t forget the number of targets at Kuhmo have increased to 38, we’re gonna be busy.