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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


takahe - 10 Oct 2005 12:08 - 79 of 153

TANKER....what news?

TANKER - 11 Oct 2005 14:49 - 80 of 153

action should have started now.

takahe - 11 Oct 2005 16:15 - 81 of 153

There is a bit of movement there today...
I hold AFD
What are you expecting?

Andy - 12 Oct 2005 00:03 - 82 of 153

tanker,

your news sounds interesting, care to elaborate?

You can always use the private message system here, by clicking on the yellow envelope icon next to a poster's name, and your details stay anonymous to the recipient.

TheMaster - 19 Oct 2005 14:27 - 83 of 153

20% freefall this week, any comment TANKER

aldwickk - 19 Oct 2005 15:52 - 84 of 153

Its not a freefall miners and oils have been weak all week if you see what i mean.

TANKER - 20 Oct 2005 09:36 - 85 of 153

they are holding back for some reason.

takahe - 20 Oct 2005 13:38 - 86 of 153

TANKER- what good news are you expecting? The AK8 or BK results?

TANKER - 20 Oct 2005 14:13 - 87 of 153

very good results on both.thanks

takahe - 20 Oct 2005 14:29 - 88 of 153

TANKER...I hope so..I've held them for 20months Why do you think he is holding them back? If he has predators at the door, you'd think he'd want the sp up, to deter them a bit.

TANKER - 20 Oct 2005 14:43 - 89 of 153

no i think just sucking in some more stock cheap.?

takahe - 20 Oct 2005 15:03 - 90 of 153

TANKER...I was meaning why Teeling should be keeping the results back..

aldwickk - 20 Oct 2005 16:27 - 91 of 153

He would have to publish them under SE rules, price sensitive info.

TANKER - 24 Oct 2005 14:42 - 92 of 153

starting to stir

TANKER - 25 Oct 2005 14:12 - 93 of 153

750000. buy now it's stirring.

takahe - 25 Oct 2005 14:16 - 94 of 153

sure it's a buy? Over a few days, presumably...

TANKER - 25 Oct 2005 14:23 - 95 of 153

it as not traded that many shares in 6 months

takahe - 25 Oct 2005 14:27 - 96 of 153

certainly looks like a buy over a few days. A new poster said he had bought in on Thursday because he had been given a hot tip to get in quickly

TANKER - 25 Oct 2005 14:54 - 97 of 153

650000. buy well takahe.

takahe - 25 Oct 2005 14:54 - 98 of 153

just going to say the same! That's 1.4million in two trades...
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