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African Diamonds (AFD)     

jfwinvestments - 05 Oct 2004 15:12

http://www.afdiamonds.com/

graph.php?epic=AFD


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


sirshagalot - 27 Oct 2004 14:40 - 7 of 153

this is falling back to 35p should not have gone up in first place all short termers are selling out and buyers catching falling knife.
t10ners will pull out soon.

Arf Dysg - 29 Oct 2004 14:52 - 8 of 153

The rise started almost immediately after Shares magazine published an issue
about mining, with a strong reccomendation about Petra Diamonds. I guess AFD
were included in the frenzy of buying diamond companies.

tbrooking66 - 29 Oct 2004 22:10 - 9 of 153

there was also an update on the project with de beers a fewe days ago. looks like positive news on drilling results if i remember correctly.

Dynamite - 15 Dec 2004 09:10 - 10 of 153

If you read the report from African Diamonds below, news should be due shortly

'A programme of systematic drilling is to commence in the near future.

Bulk samples of 100 tonnes each previously drilled from kimberlites AK6, AK10
and BK11 are being processed for macro-diamonds by De Beers. The results for AK6
and AK10 are expected in the near future.

In the Shashe area, a high resolution airborne magnetic survey will shortly be
undertaken.'
Full report below;
, African Diamonds PLC
26 October 2004

26th October 2004

African Diamonds plc

Botswana Update

African Diamonds is pleased to announce the completion of the full suite of
agreements associated with the De Beers joint venture announced on April 22nd
2004. The parties have formed a new company, Boteti Exploration Pty Limited
(Boteti), (African diamonds 49% and De Beers 51%) which will act as the
operating company for the joint venture. The prospecting licences currently held
by the parties and forming part of the joint venture will, with the approval of
the Botswana Ministry of Minerals, Energy and Water Affairs, be acquired by
Boteti.

The joint venture currently comprises eleven prospecting licences covering 3,964
km2 in three project areas; Orapa, Serowe and Shashe.

The Orapa licences contain 29 known kimberlites of the Cretaceous Orapa
kimberlite province. In addition, the joint venture has applied for prospecting
rights to a further 10 kimberlites.

Following completion of the full suite of agreements outlined above, De Beers
have provided the following update:

De Beers Prospecting Botswana (Debot) commenced exploration work as the joint
venture operator in April 2004 and has made considerable progress with an
extensive programme of airborne and ground geophysics in the Orapa area. A Bell
Geospace Air FTG airborne gravity survey covering 501km2 of the pan areas to the
north of Orapa, is 55% complete. The Orapa licence areas have also been covered
by new, high resolution magnetic surveys. A first pass interpretation of this
data has generated 199 targets requiring further investigation.

The economic potential of each of the 29 kimberlites within the current licence
areas is being investigated. Detailed ground geophysical surveys have been
completed over all of the kimberlites. This information is being used to
provide reliable estimates of the size of each kimberlite, and to site drill
holes for bulk sampling and delineation purposes. Early results indicate that
several of these kimberlites may be considerably larger than previously
believed.

A programme of systematic drilling is to commence in the near future.

Bulk samples of 100 tonnes each previously drilled from kimberlites AK6, AK10
and BK11 are being processed for macro-diamonds by De Beers. The results for AK6
and AK10 are expected in the near future.

In the Shashe area, a high resolution airborne magnetic survey will shortly be
undertaken.

In the Serowe block, three additional prospecting licences covering 2,089 km2
have been acquired by the joint venture in recent weeks. High resolution,
airborne geophysical surveys are being planned in the search for kimberlites and
possible alluvial diamond deposits.




tbrooking66 - 23 Dec 2004 17:56 - 11 of 153

some news for those who may have missed it:

LONDON (AFX) - African Diamonds PLC said the estimated average value of diamonds from its project in the Orapa area in Botswana is 138 usd per carat.

Analysis carried out on kimberlite pipe AK6 at Orapa shows an average grade of 25 carats per 100 tonnes, the company said.

AK6 is one of 29 known kimberlites which are part of the Boteti joint venture in which African Diamonds holds 49 pct and De Beers 51 pct.

African Diamonds said it will begin a comprehensive exploration programme early next year to refine the estimates.

newsdesk@afxnews.com


any diamond miners out there who can comment on this? (diamond miner being such a common trade of course....)

iturama - 22 Jan 2005 18:18 - 13 of 153

Right carry on at the AGM.
Always difficult to compare or evaluate projects on very sparse data like this. When an exploration company reports an average value for a sample of stones, you really need to know how big the sample was and if it is representative of the range of diamond sizes and quality expected under commercial mining and recovery conditions. Often the care taken to recover diamonds under the close supervision common at the exploration stage cannot be replicated at the bulk scale, or the area chosen is not representative of the pipe as a whole. The last sentence suggests that the sample was not representative.
Result is interesting in that it shows there are diamonds in the largest pipe but I tend to take all results from a Teeling company with a large dose of salt. If the company was listed on TSX, it would have to be more specific about what these results really mean in economic terms rather than this type of carrot dangling.
The open hostility between the Dublin crowd and the technical people on the ground in Botswana makes me also believe that some very partial disclosures of information is going on.

bighorn - 28 Feb 2005 12:35 - 14 of 153

wonder what's going on today ?

nice bit of blue !

sirshagalot - 08 Mar 2005 09:34 - 15 of 153

the strong rand will kill mining

rooandu - 08 Mar 2005 09:38 - 16 of 153

well it hasn't yet mate.

mbugger - 29 Apr 2005 14:02 - 17 of 153

Are M.M. moving this or solid news due.

mbugger - 20 Jun 2005 19:23 - 18 of 153

Now AFD appear to be asleep or gone awol,over 6 weeks no news , is this how to run a company J.T. ,sp is slipping ,or do you care less.

stockdog - 20 Jun 2005 19:32 - 19 of 153

slipping? - it's slup!

wilbs - 23 Jun 2005 07:38 - 20 of 153

There has just been a good RNS released ref diamond finds, RNS service is now down though, will post when able to.
wilbs

IanT(MoneyAM) - 23 Jun 2005 07:39 - 21 of 153

There is currently a problem with the displaying of RNS news stories on the site - I have contacted our supplier to get them to take a look into this for me,

Ian

aldwickk - 23 Jun 2005 07:43 - 22 of 153

Good timing or what, bought these yestaday at 47p.

wilbs - 23 Jun 2005 07:44 - 23 of 153

Thanks ian, I managed to read it earlier from the MAM site but diddn't copy & paste it & when I went back it was down along with uk wire.
wilbs

aldwickk - 23 Jun 2005 07:47 - 24 of 153

African Diamonds PLC
23 June 2005


23rd June 2005



African Diamonds plc

Exploration Update



African Diamonds plc, (AIM: AFD), the diamond exploration company, is pleased to
provide an update on its activities in Sierra Leone, Guinea and Botswana.



Highlights

7.22 carat gem quality diamond discovered in Pipe 3 Sierra Leone valued at
$16,865.
5.16 carat gem quality diamond recovered in Bomboko, Guinea.
Large Diameter Drilling programme (LDD) commencing on Pipe AK 6 in
Botswana as part of a $7 million exploration project in 2005.
Two high priority targets identified by Xcalibur, an airborne magnetic
survey, on the Mmashoro concession in Botswana.



Sierra Leone

The bulk sampling project on Pipe 3 in Koidu is almost concluded. To date
diamonds weighting a total of 925 carats have been recovered. The first two
parcels, 459.93 cts and 373.68 cts, have been officially assessed and valued by
the Sierra Leone Government Gold & Diamond Valuation Office (GGDO). Over 80% of
the diamonds were classified as gem quality. The parcels were given a total
valuation of US$179,000 (average value of $215 per carat). Two highly
experienced independent consultants (geology and mining) have reviewed our work
program and results to date. Their reports will evaluate the operations and make
recommendations. Plant difficulties have caused extensive delays and resulted in
inefficient processing of over 6,000 tons of material, which has been stockpiled
for reprocessing.



Over 14.5 kms of dykes on the licences adjacent to Pipe 3 have been identified
and mapped. Limited sampling suggests that most if not all of the dykes are
diamondiferous. A fissure mine specialist and a geologist with extensive West
African experience have reviewed the work programme and results. Their
recommendations are imminent.



Limited work has been done on the mining licence held over the Plant 11
undersized diamond tailings dump, which is estimated to contain over 7 million
tons of material. Samples tested by Process Research Associates Ltd. of
Vancouver confirm the presence of gold and platinum group metals. The company is
currently considering its options for developing this licence including holding
discussions with parties interested in participating in the development.



Guinea



The focus of activities is on the Bomboko concession where the Ministry of Mines
has granted a three-year semi-industrial mining licence. It is planned to source
basic earthmoving equipment and other plant to be on site towards the end of
2005, the start of the dry season, to commence alluvial mining.



Exploration sampling by manual excavation of pits and simple washing recovered
64 diamonds weighting 27.59 carats. These were valued by the authorities in
Guinea in the region of $150 to $200 per carat. Recent gravel washing has
yielded a 5.16 gem quality stone.



Botswana



With respect to the Boteti Exploration Joint Venture between African Diamonds
and DeBeers, a Large Diameter Drilling (LDD) programme will commence shortly on
kimberlite AK6 in the Orapa area of Botswana. This drilling programme is in
addition to the ongoing core diamond drilling where three rigs are operating.
The two programmes, budgeted to cost $7 million in 2005, will refine the size
and shape of the pipe and the grade and quality of the diamonds. To speed up the
analysis, our joint venture partner, De Beers, is constructing a DMS diamond
processing plant on a site close to the pipe.



Meanwhile exploration continues on the remaining 25 plus kimberlites in the
joint venture. Detailed analyses from bulk samples on five kimberlites are
awaited.



In the 100% owned Mmashoro licence, 50 kilometres to the SE of Orapa,
preliminary analysis of the Xcalibur data indicates a number of targets worthy
of ground follow up, including drilling. Two targets in particular will be given
high priority. African Diamonds continues to sample this 1000 sq km area at one
kilometre intervals. It is expected that the sampling will be completed during
July. Laboratory analysis of the first 150 samples has yielded significant
kimberlitic indicator minerals.



John Teeling, the Chairman of African Diamonds plc, said:



'African Diamonds is actively pushing ahead with projects in three countries.
Our trial mining on Pipe 3 in Sierra Leone is concluding. We have learned a
great deal. The grade is low but we are encouraged by the quality and size of
stones. An expert report on the project suggests major plant modifications to
enable processing of material from both Pipe 3 and the surrounding kimberlite
dykes. We are examining a proposal to drill the pipes and the dykes.



The mining licence we hold on the Plant 11 tailings is proving attractive to
potential joint venture partners. We can either commence a detailed exploration
programme or look at the feasibility of constructing a plant to recover gold,
platinum and diamonds.



Our operators in Guinea are moving ahead with the proposed alluvial mining
project in Bomboko but it is in Botswana that the bulk of exploration is taking
place. By year-end we should have a refined estimate of the size grade and
quality of Pipe AK6. Xcalibur has yielded two high priority targets that require
ground follow-up, hopefully leading on to drill testing in the near future.'







Further information:



African Diamonds Plc

John Teeling Tel: +353 1 8332833
Mark Scowcroft Tel: +27 732 353 757



Bell Pottinger Corporate & Financial

Nick Lambert Tel: +44 (0) 7811 358 764



Panmure Gordon & Co

Matthew Robinson / Jonathan Retter Tel: +44 (0) 207 459 3600



Note to Editors:

1. As the world's leading diamond company, operating on five continents,
De Beers employs almost 24 000 people worldwide. With 20 operations in Africa
and more than a century of extensive diamond mining experience, De Beers
endeavours to create successful and sustainable mining activity wherever it
operates. In 2004, De Beers exploration has reached 'partner of choice' joint
venture exploration agreements and strategic alliances in Canada, Botswana,
India, Democratic Republic of the Congo, Central African Republic, Russia,
Australia, Brazil and Madagascar. During this period the company's geologists
have discovered 39 new kimberlite deposits in seven countries on four
continents. De Beers geologists have to date discovered over 1600 kimberlites
in the world and those developed into mines will contribute approximately 82% of
the diamonds mined by De Beers and its partners, Debswana and Namdeb in carat
terms and 75% by value in 2004. For further information on the De Beers Group,
please visit
www.debeersgroup.com





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


wilbs - 23 Jun 2005 07:48 - 25 of 153

Nice one Aldwick.

aldwickk - 23 Jun 2005 07:51 - 26 of 153

I went to AFD share quote and clicked on AFD news.
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