http://www.afdiamonds.com/




RNS Number:8054A
African Diamonds PLC
14 July 2004

AFRICAN DIAMONDS plc.

Exploration Update



African Diamonds plc (AIM: AFD) the diamond exploration company, wishes to
report significant progress on a number of fronts in its joint venture with De
Beers to explore for and, if successful, develop new diamond mines in Botswana.


* A detailed airborne survey of the 1300 sq kilometre Orapa licences has
been completed. Analysis of the results has revealed new, very significant,
targets which will be subject to further detailed investigation in the near
future.


* An area of the under-explored 1000 sq km licence north of the Orapa mine,
is currently being surveyed using the airborne Bell Geospace system. This
state of the art technique will hopefully indicate previously undiscovered,
possibly large, kimberlite pipes.


* The 29 known kimberlites on the joint venture licences, are being explored
with detailed ground geophysics. Early results indicate that some of
the kimberlites may be larger than previously believed.


* A substantial drilling programme, including wide diameter drilling,
will commence this month.


* Results of 100 tonne bulk samples already taken from kimberlites AK6
and AK10 will be available during the next quarter.


* Earlier exploration by African Diamonds on the Serowe licence, 120 kms
southeast of Orapa, produced significant diamond indicators. These findings
are being re-analysed and evaluated by De Beers. The conclusions will
determine the next step in exploration. Additional licenses in this area are
expected to be awarded to the joint venture.



In addition, the Company reports that trial mining has begun on Pipe 3 in Sierra
Leone and is producing diamonds. Commissioning is proceeding but has had
significant delays due to operational issues.



John Teeling, Chairman of African Diamonds plc, said:


"The value of a joint venture with a world class partner is shown here. In three
months, our partner has carried out exploration which would have taken us years
to complete and cost millions. I am delighted with the results emerging and I
anticipate there is more to come. We believe that our ground is premier class -
the findings support that view. Flying the Bell system and drilling the
kimberlite targets foretell exciting times in the coming months.


"Commencing trial mining on Pipe 3 in Sierra Leone has taken significantly
longer then anticipated but it has begun and is producing diamonds. African
Diamonds should be in a position to provide a detailed update shortly."



Contacts:

African Diamonds Plc
John Teeling Tel: +353 1 8332833
Mark Scowcroft Tel: +27 11 447 4997


Redleaf Communications
Emma Kane/James White Tel: +44 (0) 20 7955 1410


Rowan Dartington
Ian Rice Tel: +44 (0) 117 933 0020



Notes to Editors:

* African Diamonds and De Beers announced the signing of the agreement to
establish a joint venture company to explore for, and if successful, develop
new diamond mines in Botswana on 22 April 2004;


* Ownership of the joint venture is initially 49% African Diamonds and
51% De Beers with De Beers funding the joint venture through to bankable
feasibility study. De Beers' shareholding will rise to 70% upon completion of
the first bankable feasibility study. The size of any mine resulting from the
joint venture will decide whether it is managed by De Beers or African
Diamonds with larger mines operated by De Beers and those below an agreed
threshold operated by African Diamonds, who will receive a preferential
profit share in those operations of Newco.


* Further information on African Diamonds plc is available at the Company's
website: www.afdiamonds.com





This information is provided by RNS
The company news service from the London Stock Exchange
END

DRLQXLFFZDBBBBZ


RNS Number:3339B
African Diamonds PLC
29 July 2004


Koidu Mining Update

African Diamonds is pleased to announce that the commissioning of its Pipe 3
bulk sample trial mine in the Koidu diamond region of Sierra Leone is well
advanced. The pipe is fully prepared for mining while the washing plant is
currently processing 60 tonnes per day. Work continues on the plant to improve
efficiency of operation and throughput.

Ore currently being processed consists of low-grade surface material including
decomposed kimberlite breccia that was stockpiled during mine preparation. It is
intended that 10,000 tonnes will be processed to establish grade and quality. To
date over 800 tonnes of material have been washed from a surface stock pile of
1,500 tonnes. More than 140 diamonds, around 40 per cent of which are thought to
be gem quality, including one stone weighting in excess of 6 carats, have been
recovered. Once the stock pile is processed, the plant will move on to
undisturbed, slightly weathered and fresh kimberlite from the current floor of
Pipe 3.

John Teeling, Chairman of African Diamonds said, "Our objective in trial mining
Pipe 3 is to establish the commerciality of the pipe for full-scale mining. We
have established that the pipe is bigger then first thought, and contains
diamonds. Once the 10,000 ton sample is processed we will know the grade,
quality and weight of the diamonds".


This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLQVLFLZDBZBBL

we will be off very soon . loads of money.

Love the in depth research Tanker, as ever!

sd

just watch.

Tanker..do you think there might be a bid for AFD?

TANKER...why have they gone down today ?

just watch. and learn.

just watch. and learn.

When will they announce a bankable feasability report of a commercial diamond mine about to up and run,or will they keep drilling holes ad infinitum.

mbugger - look at it this way, if they drill ad infinitum, they might just strike Kimberlite at the source of the Yellow River in N. Chinas - lol!

sd

Hi All,

Looks like De Beers is making a move to aquire AFD ....

Two announcements today, De Beers make sure that directors wishing to sell any stock, have to offer their shares to De Beers FIRST at the current market price, and so Mark Scowcroft resigns, it all points to De Beers making an offer for AFD.

Cheers,
PM

-----------------------------------------------
African Diamonds PLC
23 August 2005

23 August 2005



African Diamonds plc

Pre-emption Agreement


African Diamonds announce that De Beers Prospecting Botswana (Debot) has
requested the board to implement one of the terms of their joint venture
agreement whereby African Diamonds procures that each director grant rights of
first refusal to Debot over that directors shareholding.


Under the right of first refusal, if a Director wishes to sell any of his
shareholding in the Company, the Director must first offer to sell those shares
to Debot at the prevailing market price. Debot is not obliged to take up the
offer.


No Director has any current intention to dispose of any shareholding in the
Company.

-------------------------------------

African Diamonds PLC
23 August 2005

23 August 2005



African Diamonds plc

Director Resignation


African Diamonds plc (the 'Company') announces that Mark Scowcroft has today
resigned as a director of the Company.

Hi All,

Been thinking on the way home about this news today, and I think that it must be taken positively, for the following reasons :-

De Beers already have 51% of the Botswana JV, why would they 'suddenly' want any stock that AFD directors were interested in selling, if they already have control of the JV, and if the directors had no current plans to sell any stock ?

Why would they be bothered if Mark Scowcroft wanted to leave, they have 51% of the JV, so who cares whether he sells his stock to A.N.Other ?

That leaves me with such options as, have De Beers hit paydirt bigtime, or are they looking to make an offer for either the 49% of Debot, or the whole of AFD, or do they think someone else is looking at making an offer for AFD ?

Last year Leon Daniels quit AFD shortly after the De Beers deal, and Mark Scowcroft has now quit after De Beers excersised their option, to make him sell any stock to them, prior to offering that stock to A.N.Other, and so De Beers must know that there is something out in Botswana worth increasing their holding for, and Mark Scowcroft blatantly does not want De Beers to take everything that he has worked for over tha last (?) several years, so he has forfeited his options, and quit.

This will either pop to 1 or drop to 25p tomorrow, I know which I think it will be, lets wait and see :)

Cheers,
PM

Hi All,

Is this the answer ????

Decision on Firestones Groen River Valley next year
By: Gareth Tredway
Posted: '11-AUG-05 07:59' GMT Mineweb 1997-2004

GABORONE (Mineweb.com) -- Firestones Groen River Valley alluvial exploration project, which De Beers recently entered into as joint venture partner, could be at board decision level by next year.

Speaking at the Botswana Resource Conference on Wednesday, Firestones chief executive, Philip Kenny, says that once the exploration and drilling results yield a certain level of confidence, a decision will be made.

By the middle of next year, this is where we expect the project to be, and this is the stage where De Beers decides whether to build a mine or not, Kenny told delegates.

De Beers already mines extensively along the west coast of South Africa and Namibia, including at the mouth of the Groen River. But Kenny says Firestones large tenement inland is unexplored.

This is a multi-million carat, multi billion-dollar potential resource, said Kenny.

So far, with De Beers, 13 deposits have been identified in the area, while initial estimates are expected in the next couple of months on what is in the ground.

At this point we can say it is in the multi-100 million ton order of magnitude, says Kenny, say a 200-300 million ton resource.

We do think that, if we are right, there will be a number of mines in this area.

Firestone already operates the Avontuur and Oena Alluvial mines in Namaqualand, on the west coast of South Africa.

The company also has JV agreements with De Beers in Botswana, on the Orapa and Mopipi exploration projects.

There are also news reports out of London, that Firestone is in talks with large shareholders in African Diamonds, another Botswana diamond explorer, to buy its holdings in the company.

African Diamonds is also in a JV deal with De Beers in the Orapa area.


Looks like an interesting day for AFD tomorrow :)

There must be something out there worth having ....

Cheers,
PM

Hi All,

As you can see, I am just getting up to speed with AFD, and this bit from The Guardian, dated 21 July 2005, gives an idea of what may have caused De Beers to go for the Pre-Emption agreement, but nevertheless, it shows there must be good value in the Botswana JV areas, or De Beers wouldn't give sod about thee stock going to Firestone, especially as they are already in a JV with them on other land !!!!


http://www.guardian.co.uk/business/story/0,3604,1533823,00.html#article_continue
Finally, keep an eye on Aim-listed African Diamonds. Its shares eased 0.5p to 55.5p yesterday but market professionals believe disaffected shareholders, who control around 20% of the company, have approached rival Firestone Diamonds, 1p higher at 155.5p, with an offer to sell their shares.

African Diamonds and Firestone both have diamond projects in Botswana and also have joint ventures to develop their respective concessions with De Beers, the dominant player in the diamond industry.

Commenting on the rumours John Teeling, chairman of African Diamonds, said: "I have not been approached by Firestone but the speculation makes sense, given the value of our discoveries to date."


Cheers,
PM

"given the value of our discoveries to date"

AYE !!!!

Don't forget this is Teeling we are talking about the Doctor of spin.

Aldwick Hi,

It's good for the company ....

This either forces Firestone to make an offer, or secures the current status of the company, both good results.

Also De Beers (IMVHO) wanted Daniels and Scowcroft out, as they are the one's who grabbed De Beers licence areas from under their noses, and I think now that they are both out of the picture, the true discoveries in Botswana will come out, as you probably know how secretive De Beers can be when they want to, and they are the one's doing the exploration on AFD licence areas :)

Daniels and Scowcroft hated De Beers, and De Beers hated them, hence the disagreements mentioned by the Times, between those two and the other Directors, after the JV was signed with De Beers !

------------------------------------

The Times

July 24, 2005

Teeling faces battle for control of African jewels
Ciaran Hancock



JOHN TEELING, a veteran stock market investor, could be facing a battle to retain control of African Diamonds, an Irish exploration minnow with potentially valuable diamond licences in Botswana.
Firestone Diamonds, a UK-quoted mining company headed by the Irishman Philip Kenny, is believed to have held talks with two large shareholders of African Diamonds, one of whom is a director, with a view to acquiring their holdings in the company. Firestone is understood to have signed a letter of intent with at least one of these shareholders.



Firestone, which is debt free and well funded, is also understood to have approached another director of the company who rebuffed the approach.

Firestone, valued at 56m (38.8m), has three diamond mining licences in a neighbouring area of Botswana and, like African Diamonds, is involved in a joint venture deal with De Beers to bring its mines to production.

Kenny described this as pure market speculation and said his company had no interest in taking over African Diamonds. Informed sources, however, said Firestones aim was to take control of the board of directors, which is currently divided over the way the company is being run.

African Diamonds, which has a market capitalisation of 32m, has five directors. It is understood Teeling, Jim Finn and David Horgan, who are based at its head office in Clontarf would oppose a takeover.

The others are Jim MacGregor and Mark Scowcroft, an executive director based in Africa, who was integral in securing the Botswana licences. Scowcroft, who owns 10% of the companys shares, has clashed with Teeling over the way the company is run.

Teeling said: I have heard the speculation, which I take seriously but, to date, we have had no contact whatsoever with Firestone. As chairman of a public company with more than 1,000 shareholders we would listen to any proposal put to the company but our intention is to remain independent.

African Diamonds was set up by Teeling and floated on the Alternative Investment Market in London in July 2003. It holds a number of licences in the Orapa area of Botswana. Under the terms of its joint venture, De Beers will provide the finance and technical expertise to develop the mines while African Diamonds will receive 30% of any financial windfall.

look at my post 29.

Tanker Hi,

Wondered where you had got to !

What do you make of it now ?

Cheers,
PM

told you loads of money.i have allready retired. iam 56.

Don't ask, you only get a one liner reply like Watch it go to 1.