20 Dec 2017 07:00
20 December 2017
Firestone Diamonds plc
("Firestone", the "Group" or the "Company")
Sale of BK11 Asset - Extension of Option Period
Firestone Diamonds (AIM: FDI), a new diamond producer with operations focused in Lesotho, announces that, as provided for in the contractual agreements between the parties, the Group has agreed to extend the option period granted to Amulet Diamond Corporation ("Amulet") to purchase Firestone's BK11 asset until 31 December 2018.
BK11 is a diamond asset in Botswana, currently on care and maintenance. As previously announced, Amulet is funding the construction and operation of a bulk sampling plant at the BK11 mine during the option period to further assess the deposit. Amulet has made steady progress towards completing the bulk sampling plant but due to unforeseen equipment delivery delays, Amulet requested an extension to the option period which has been granted by Firestone.
For more information please visit www.firestonediamonds.com or contact:
Firestone Diamonds plc | +44 (0)20 8741 7810 |
Stuart Brown | |
Macquarie Capital (Europe) Limited (Nomad and Broker) | +44 (0)20 3037 2000 |
Nick Stamp Nicholas Harland Guy de Freitas | |
Tavistock (Public and Investor Relations) | +44 (0)20 7920 3150 |
Simon Hudson | |
Jos Simson | |
Barney Hayward |
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