Karelian Diamond Resources Plc - Court hearing update for Lahtojoki
(“Karelian Diamonds” or “the Company”)
23 May 2024
LAND COURT HEARING RE LAHTOJOKI DIAMOND DEPOSIT
Following the court hearing held on 21 May
2024,
the Finnish Land Court has announced that its judgement will be given on
Finalisation of land possession for the duration of the mine is a necessary step forward in relation to the Company’s proposed development of the Lahtojoki diamond deposit.
The Board believes that the development of a diamond mine at Lahtojoki will not only bring significant benefits to the Company, but also to the entire surrounding Kuopio-Kaavi area.
The Lahtojoki diamond deposit, as well as containing high quality colourless gem diamonds, also contains pink diamonds and other coloured diamonds. Such diamonds are highly sought after and can command prices up to 20 times that of normal colourless gem diamonds.
The Company is continuing with its diamond exploration programme in
Professor Richard Conroy, Chairman of Karelian Diamond Resources PLC, commented:
“The holding of the Land Court hearing and the announcement that the judgement will be delivered on
Further information:
KarelianDiamondResourcesplc +353-1-479-6180 ProfessorRichard Conroy , Chairman AllenbyCapitalLimited(Nomad) +44-20-3328-5656Nick Athanas /Nick Harriss PeterhouseCapitalLimited(Broker) +44-20-7469-0930Lucy Williams /Duncan Vasey LothburyFinancialServices +44-20-3290-0707Michael Padley HallCommunications +353-1-660-9377Don Hall http://www.kareliandiamondresources.com
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