Member Info for Yogi1

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.

Arctic Star are there, North Arrow are there, Karelian Diamonds are not and Burgundy are not

I tend to agree alanos.

Half yearly results are just a copy and paste, box tick exercise, at most, and thats to be expected.

KDR need to come out and explain the permit delay. If the company don't know the reason for the delay, then thats poor management. If the company do know the reason and don't update shareholders, then that is equally poor. There is a selfishness to the way the company is run and managed and that has surprised me and others which is unfortunate. Shareholders are almost like a burden to management. They were not a burden when the directors needed to raise money or needed support etc.

Where is an initiation of coverage from the new broker? Are they waiting for permit first? If the company pull a stroke like the last placing, it will not be tolerated by shareholders again. The company has massive potential value, but need to get moving.

Https://bnnbreaking.com/finance-nav/karelian-diamond-resources-plc-advances-towards-opening-finlands-first-diamond-mine

Lol!! Nice one Focus4

Further announcements will be made on Lahtojoki at “the appropriate time”. That is what they said in March 2023 when they informed us of the one boundary outline appeal. They didn’t say “in due course”. Suggests to me that it isn’t “appropriate” to release any news on Lahtojoki until the permit is formally registered. They have land possession granted in 2022, so there is every possibility they could have a few blue and pink diamonds to announce at the appropriate time…Certainly think its not an appropriate time to announce the Lahtojoki JV or backing until permission formally issued.

It feels like the company are just waiting for the permit. Highly likely this is holding everything up for KDR. “Then inevitably there will be a rush”!

Ever wonder why CGNR (sister company) exhibits at PDAC every year but KDR never does?

KDR doesn't need or want to attract attention i guess.

I would advise KDR shareholders to listen to this interview. I would be surprised if Finland is not on the cards for Burgundy. They did say in a previous presentation that they were assessing opportunities in Finland and Brazil, however they removed the countries names on subsequent presentations so as to be less specific. Wonder why?

https://www.intelligentinvestor.com.au/investment-news/are-diamonds-an-investors-best-friend/152679#ekatidiamondmine

The company needs to update shareholders on the Mining Permit. Why have Land Survey not granted legal force yet to allow Tukes to issue the mining permit? Are Land Survey still waiting on the court ruling on the boundary appeal?

This delay to the formal registration of the mining permission is unbelievably long. I am not blaming KDR for the delay, but I am blaming KDR for not updating shareholders on the state of play, especially after apparently telling the AGM that they expected Permit by end of December 2023.

KDR said the boundary appeal would not affect the company's entitlement to land possession over the entire mining concession area, adding that it could proceed with initial work on the mining concession area.

What initial work has been done? If none, and its a waiting game, than thats ok. But just tell shareholders rather than have them getting annoyed with the company. PJ said it about KDR before......The company don't help themselves!

Fair points Tick-Tock. I don't think the current state of the world will have as much impact here. I suspect whatever major comes in will be implementing its long term plans to secure its future resources. After Canada, Finland looks like it will be the next location for a future diamond province. When you dip beneath the surface in Finland, things point to preparation and a leaning towards the green economy, which is the popular direction of travel. However, I believe there are also facility upgrades and too many coincidences pointing to future diamond mining, and an expectation that the first mine permit will be the start of the rush.

2017...contd...The Prof spoke re the keenness of RTZ to continue with the analysis of the Riihivaara project and samples taken.He spoke for once re figures needed to bring it into development, said it could be £200/£300 million, which shows the scale of the project involved.Obviously, that figure is way beyond KDR but not out of the reach of majors.Back to Lahtojaki, the cost for that to be brought into production is relatively cheap for many reasons explained clear and concisely by Kevin McNulty. They are very eager to get this under way now, so I'd imagine serious moves made after further investigation.Also mentioned were the boulders around K-K, current work is to establish which direction they originate from, once established that becomes pivotal for reasons mentioned by the team today.Those present today will verify the diamonds displayed,.......who knows re a RNS......they could have come from a subsidiary.....not bad for 4euros.Anyone doubting KDR now seriously want to give their head a wobble.

He then went on to say that de beers are no longer controlling the market like they did before. Alrosa are the largest and they have stated that they see there future in the Karelian craton. This info came out when Alrosa were doing a funding in London and had to disclose documentation which revealed this. The prof said that the Russians rarely give much away. He then referred to the original question re takeover, saying while we have great agreement with Rio, if we get a good offer we will take it. The more I think about it the more I am sure he was suggesting an Alrosa takeover bid. We do know Alrosa geologists visit Kdrs licencesRio have classified Riihivaara as a "high priority ore body". I am fairly sure that was the exact wording. Rio just spent €350,000 -€400,000 of their own money to test KDR garnets. They said likely to be diamondiferous. If RTZ ( Rio Tinto) look to build a mine at Riihivaara for £ 200 or 300 million and KDR have 49%, then the uplift to KDR would be beyond belief. As for Pipe 7 (Lahtojoki) and adjacent land. The prof said that they are going to do a little more work on the land adjacent to Pipe 7 as they think it could be richer than previously believed. I think the belief is that there may be another source of diamonds right next to Pipe 7 and GTK are chasing this up for the company. Hence they will remodel the mine. When it comes to building a mine and the money needed to build it, I noted that they do not anticipate any problem in getting the money. Take from that what you like, but I think I have a fair idea why they were so happy at the AGM. I have never seen them so happy at an AGM.Bloomberg reported 7th December Rio Tinto to expand the miners diamond business, according to Bloomberg today. Rio said the only path to expansion is acquisitions. Jean Sebastian Jacques, the Rio Tinto Group CEO told Bloomberg. He told Bloomberg that acquiring more diamond assets is the "priority area"! They are going to continue to refocus their portfolio to ensure that 10 years down the road they will have only world class assets. As far as I am aware Rio have classified a KDR discovery as "High Priority", which was why they paid for previous analysis in Australian lab.This could be very good for KDR. I noticed another guy who was also at the AGM posted his summary so I will include his post as it's accurate- From memory, whilst I wait for my flight home.A very upbeat AGM today, well attended and well received.The Lahtojaki diamond mine will go in production sooner rather than later.Funding obviously needed but will not be a problem. Deadline of 2019 but The Prof told everyone today it will be much sooner than that.GTK are currently working on an additional area which is proving very interesting, once that work is finished, then the funding requirements will be known. That was confirmed by to us by the senior geologist as well.The Prof spoke re the keenness of RTZ to continue with the analysis of the Riihivaara project and ......

This was a report from the 2017 AGM. Then we had the green diamond discovery which was the big one. Attempted coups and covid followed and all these delays have led us to now 2024. As soon as the permit drops, i suspect KDR will pull the trigger. A reminder.....Notes from AGM for KDR...........When asked about a takeover......The prof said that during the year 355 garnet and sample analysis were carried out by Rio in their lab. This was at Rio's own cost of in excess of €350,000. They do not have to do that. It is clear from both Rio and Alrosa that they are keen on the Karelian Craton. Whilst the prof spoke openly about the deal with Rio and how it was great, he then immediately followed that up with talking about Alrosa, leading to him making the statement that whilst we have an agreement with Rio, "we are still looking at it on a commercial basis, and if someone makes us a very good offer we will say thank you very much and take it". If not we will go ahead ourselves.When asked about if there has been any takeover bids. The prof said that at this stage no. He then went on to say that we are at the moment in a very good situation in that we had acquired the LAHTOJOKI DIAMOND PROJECT and the mining permit. This continues until 2019 without KDR having to do any thing at all. KDR have to just show serious intent by 2019. However the prof went on to say that they would like to move a lot earlier than 2019. This was all under the old Finnish mining law. They have brought in a new law, however given that it would now take 5 yrs to re-apply for permission all over again the government are prepared to grant KDR further permissions under the old mining legislation, however the government told KDR that they hoped that KDR would reciprocate this by moving to a mine as quickly as possible (no legal obligation to do so). The Finnish government are very keen to get the mine up and running for three reasons:1. Revenue and financial aspects2. They want to have the first diamond mine in Europe outside the Russian mines.3. The government hope, as in Canada, that there is a specific mark on the diamonds and there would be a premium on the diamonds.The prof then went on to say that the AGM group were a jewellery group and they felt that they didn't have the mining expertise to take it on. So they were very happy to do the deal with KDR. The prof went onto say that AGM ( a and g mining) will do very well out of the deal when the mine is in place and is producing. KDR have no serious expenditure at this stage, just a nominal amount. Hence it's a very good arrangement for both parties. He then said that Rio could come in, however they are really interested in the huge scale mine if we make the discovery at Riihivaara, which may take €200-300million to develop and Rio would put up the entire capital costs under the terms of their agreement, which would see KDR retain 49%. He then went on to say that de beers are no longer controlling the market .........

..All the evidence shows Rio Tinto in the background. In 2015 KDR dropped their licenses in Kuusomo, and said they were concentrating on eastern finland. This was after opposition from Sami people i think. Letters had been sent to KDR and Rio Tinto. It appears Rio didn't want the attention in Finland and told KDR to pull the plug on that license.

"activists persistently continued to state their claims in letters they sent to KDR, Rio Tinto and the Finnish government. One of the participants in the movement took the letter addressed to KDR personally to the company's headquarters in Ireland, but he could not locate anyone from the company who would receive the letter.

A sudden turn in events took place in spring 2015, when a response finally came regarding the movement's actions. The Irish Independent was the first newspaper to report in an April news article (O'Donoghue, 2015) that KDR would quit the area it had reserved in Ohcejohka. Just a few days later, a man from the movement who had signed the letter the activists had sent to Rio Tinto received a response from them, a letter dated 10 April 2015. Even though the response from Rio Tinto to the movement was of a general nature and only briefly mentioned the Ohcejohka case, its main message was that Rio Tinto wants to respect indigenous rights in its operations (personal communication with a representative of the movement)."

On 1st July 2020, this was in the rns when the confidentiality agreement lapsed after 10 years.......

....A further announcement will be made in due course should any subsequent agreement be reached or

entered into between Karelian Diamonds and Rio Tinto.

Professor Richard Conroy, Chairman, commented:

“We have had a positive and constructive relationship with Rio Tinto for a number of years and the

confidential information made available to Karelian has assisted in the Company’s knowledge base and

progression of its mineral exploration programme. Whilst no agreement has been entered into at this stage

to extend the agreement with Rio Tinto I look forward to our maintaining a good relationship moving

forward.”

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.