REG-Karelian Diamond Resources Plc: AGM Statement

Karelian Diamond ResourcesAnnouncement

21/12/2023 07:15

 

Karelian Diamond Resources plc

("Karelian Diamonds" or "the Company")

21 December 2023

 

ANNUAL GENERAL MEETING STATEMENT

 

Progress of the Company in diamond exploration and development in Finland and
critical metal exploration in Northern Ireland noted

 

Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR) will hold its
annual general meeting today at The Conrad Dublin Hotel, Earlsfort Terrace,
Dublin at 10:30 a.m.  

 

At this meeting, Professor Richard Conroy, Chairman, will make the following
statement:

 

"While diamond exploration and development in Finland remains the core
strategy of KDR, the Company has discovered significant prospectivity for
critical metals (including Nickel) in Northern Ireland.    The Company's
achievements during the year and post balance sheet date include:

 
* Finalising and paying landowner compensation in relation to the mining
permit for the Lahtojoki diamond deposit.  This is a significant milestone in
progressing this project;
 
* Comprehensive geophysical analysis from a high-resolution drone based
magnetic survey together with kimberlite indicator analysis and subsequent
results from basal till samples taken by excavation of selected sites, has
considerably narrowed the target area for the kimberlite source of the green
diamond discovered by the company; and
 
* Additional mineral prospecting licences for critical metals in Northern
Ireland were granted to the Company. Results from a subsequent stream sediment
sampling programme indicated high prospectivity for Nickel/Copper/Platinum
Group Metals and a highly anomalous area was outlined.
 

We look forward to 2024 with optimism."

 

Further Information:

 Karelian Diamond Resources plc Professor Richard Conroy, Chairman  +353-1-479-6180   
 Allenby Capital Limited (Nomad) Nick Athanas / Nick Harriss        +44-20-3328-5656  
 Peterhouse Capital Limited (Broker) Lucy Williams / Duncan Vasey   +44-20-7469-0930  
 Lothbury Financial Services Michael Padley                         +44-20-3290-0707  
 Hall Communications Don Hall                                       +353-1-660-9377   

http://www.kareliandiamondresources.com

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