110 carat gem-quality diamond recovered

Released : 05 Apr 2017 07:00

RNS Number : 5935B
Firestone Diamonds PLC
05 April 2017

5 April 2017


Firestone Diamonds plc

("Firestone" or the "Company") (AIM: FDI)


110 carat gem-quality light yellow diamond recovered at Liqhobong


Firestone Diamonds plc, the AIM-quoted diamond mining company, is pleased to announce the recovery of its largest diamond to date, a 110 carat gem-quality light yellow diamond, during the ramp up phase at its Liqhobong Diamond Mine.


The Company believes this diamond recovery confirms the significant larger stones potential that exists at Lighobong.


A photo of the diamond can be viewed via the PDF link:



Stuart Brown, Chief Executive Officer of Firestone, commented:


"I am delighted to announce that we have recovered Firestone's largest diamond to date. The 110 carat gem-quality light yellow diamond recovered during Liqhobong's ramp-up phase is a very exciting and encouraging accomplishment. It confirms our long held belief that Liqhobong has large stone potential and I hope this is the first of many to come."


For further information, please visit the Company's website or contact:

Firestone Diamonds plc

+44 (0)20 8741 7810

Stuart Brown

Strand Hanson Limited (Nomad)

+44 (0)20 7409 3494

Stuart Faulkner

Richard Tulloch

James Dance

Macquarie Capital (Europe) Limited (Joint Broker)

+44(0)20 3037 2000

Raj Khatri

Nick Stamp

Mirabaud Securities LLP (Joint Broker)

Rory Scott

+44 (0)20 7878 3360

Ed Haig-Thomas

+44 (0)20 7878 3447

Tavistock (Public and Investor Relations)

+44 (0)20 7920 3150

Emily Fenton

Jos Simson

+44 (0)7788 554 035

Barney Hayward


Background information on Firestone

Firestone is an international diamond mining company with operations focused on Lesotho. Firestone is currently in the process of commencing commercial production at the Liqhobong Diamond Mine. 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' Letseng Mine, Firestone's Liqhobong Mine and Namakwa Diamonds' Kao Mine.


For more information please visit: www.firestonediamonds.com


The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").





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