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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annoucement must come soon .

going well

going well

Annoucement about what?

do you mean a bid?

FDI are up as well.

Well....and the answer is..a joint venture for AFD and FDI..and not much price increase so far
EDIT..Not a jv, apparently.. It was a hostile acquisition of L. Daniel's shares.

they are now offering 61p bid they must want our shares.

now 62.4

anybody got anything to say

Not in these guys but Shares Mag had a small write up expressing concern about increasing exploration costs and may have to go back to the market for fund raising. Hope that helps.

LOL

MS

Mickey , thats the article i hoped somebody would comment on and in addition all the small diamond miners seem to be out of favour and wondered why

To quote EK " A mine is a hole in the ground with a liar standing next to it". A bit strong but he has a point. I don't like investing in mining as most of them are a continent away with little information given. As well as being in some dodge countries with corupt governments. I don't feel in control. But I have to admit if you've got the balls you can make some serious money. If I were to invest in mining It would be in the FTSE100 and not small caps.

LOL

MS

your quotation from EK would probably apply to NML , re the FTSE 100 miners , bit late for investing i would say but for a steel balled trader they are OK

Good luck.

MS

yes here we go.

"Here we go" indeed. So glad I bought (ages ago), oh it's nice to be rich (well almost), what a pretty graph, so glad I'm a capitalist, etc. etc.

Must be top weekly riser so far this week,any views,debeers-fdi-afd,what a combination,JT is a genius.

This stock has held up remarakably amid all the carnage ..... I bought just below 1.00 back in March, but sold a couple of weeks later and thought I had done well ..... sp peaked around 180 but has only come back to 150, which shows remarkable stamina relative to virtually every other share, let alone minor-miners

Cynic, do you reckon the share price had held due to a potential target for a takeover? Its just that I have noticed a lot of major interest of share holdings activity has been happening lately.