12 Feb 2019 07:00
12 February 2019
Firestone Diamonds plc
("Firestone" or the "Company")
RECOVERY OF 70 CARAT WHITE GEM DIAMOND
Firestone Diamond plc is pleased to announce the recovery of a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho. This follows after a 46 carat gem diamond that was recovered in December, sold for more than US$1 million at a recently held sale. The 70 carat diamond was recovered undamaged and will go on sale at the next tender which is scheduled to take place during March 2019.
Further details will be included in the Q3 production update.
An image of the diamond is available on the Company's website: https://www.firestonediamonds.com/sales-marketing/special-stones
Paul Bosma, Chief Executive Officer, commented: "The 70 carat stone was recovered in the northern, low grade part of the pit where the bulk of our mining will take place in the coming months. Although the market for the smaller stones has been under pressure, we've seen continued demand and good prices realised for special stones".
For more information please visit www.firestonediamonds.com or contact:
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Paul Bosma Grant Ferriman |
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Macquarie Capital (Europe) Limited (Nomad and Broker) | +44 (0)20 3037 2000 |
Nick Stamp Nicholas Harland |
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Tavistock (Public and Investor Relations) | +44 (0)20 7920 3150 |
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Jos Simson |
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Gareth Tredway Annabel de Morgan |
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About Firestone
Firestone is an international diamond mining company with operations focused in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.
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