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

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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
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"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.

I retired at 47

i will be in africa. on 8-9 sept

aldwickk. I also tipped aex @ 9P they will be a 500p share in 2 years.

Tanker Hi,

I tipped AEX too, about 3 weeks ago, at 7.875p, and I agree with your long term view :)

AEX and AFD have been on my monitor for a couple of years, been in and out with profit on both twice before :)

Cheers,
PM

Hi All,

RE "Teeling faces battle for control of African jewels by Ciaran Hancock"

That article was from the Sunday Times, and I have just e-mailed both the RNS from yesterday to Ciaran, so maybe we will see a follow-up article in the Sunday Times this week :)

Cheers,
PM

Well Ciaran did do an article on AFD in the Sunday Times..very interesing!

The Sunday Times

August 28, 2005

Teeling feels African heat from Petra
Ciaran Hancock



JOHN TEELING, the Clontarf-based entrepreneur, is facing another battle to retain control of African Diamonds, a listed company with potentially lucrative diamond mining licences in Botswana.
Petra Diamonds, a London-listed mining company with operations in Angola, South Africa and Sierra Leone, is believed to have approached Mark Scowcroft and Leon Daniels, two Africa-based shareholders who between them own 18% of African Diamonds shares.



Petra, which has a market capitalisation of 92m (134m) and is headed by Johan Dippenaar, is believed to be interested in acquiring Kalahari Diamonds, an unquoted diamond explorer in Botswana, with ground close to African Diamonds licences in the Orapa area.

BHP, a mining giant, is a key shareholder in Kalahari and is also Petras joint venture partner in Angola. African Diamonds would offer potential synergies for the company. De Beers, African Diamonds joint venture partner, is likely to block such a move, given Petras links with BHP, one of its biggest rivals.

Scowcroft resigned as a director of African Diamonds, which has a market cap of 33m, on August 23, fuelling speculation that he might sell his stake in the company. As a director, he would be obliged to inform the board of any approach from a third party. Leaving the board allows him to talk freely to any interested party, but he may be obliged to give first option to De Beers.

On the day Scowcroft resigned, De Beers said it had asked the board of African Diamonds to implement one of the terms of its joint venture deal, under which each director is granted rights of first refusal to the mining giant if they choose to sell their shareholding. Scowcroft, who had a public falling out with Teeling earlier this year, could be bound by this.

Petras interest follows a similar approach from Firestone Diamonds, a UK-quoted mining company headed by Irishman Philip Kenny. Firestone, which also has diamond licences in Botswana, is believed to have held talks with Scowcroft and Daniels with a view to using their equity to gain control of African Diamonds board.

Teeling said: I am aware of the interest of Firestone Diamonds and of Petra.

The resignation of Mark Scowcroft was unfortunate because he was a very good geologist. Replacement specialists will be appointed within a short time. I would be concerned that there are predators out there who would like a slice of the Orapa discovery and that they would use Mark Scowcroft as the entry point.

takahe Hi,

Just shows what an E-Mail to the press can achieve :)

I wonder if Scowcroft or Daniels would sell their stock, and what price they would be offered, and what price they would accept ?

Cheers,
PM

Seems to be quite an interest in AFD. Some interesting stuff on the ADVFN thread, if you read that.
No idea what the price would be...love to be a fly on the wall for that one!

Up 3% today - anything stirring ??

Baza

.....now up 6% ?

Baza

Mmmmmmmmmmmmm - now almost 8% up - anyone any news ??

Baza

now 15% on little trading