Executive Summary
Karelian Diamond Resources plc is the holding company of a diamond exploration group focussed on discovering a potential world-class diamond deposit in the Finnish sector of the Karelian Craton. This is a block of ancient crustal rocks, which occupies much of eastern and northern Finland, extending over the border into Russia. The potential of the Karelian Craton to host diamond deposits is indicated by major diamond discoveries in the Russian sector of the Craton. These include two world-class deposits: the Grib pipe which is estimated to contain a resource of 98 million tonnes at an average grade of 69 carats per hundred tonnes (cpht) with an estimated in situ value of US$3.7 billion, and the Lomonosova deposit whose diamond reserves are estimated to be worth US$12.0 billion.
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