Firestone Diamonds Plc Operations Update

Firestone Diamonds plc, (LON:FDI) reports on its mining operations in Lesotho and Botswana.

The company news is quoted as saying,

Firestone Diamonds plc is an international diamond  mining and exploration company with operations focused on Lesotho and Botswana.  Firestone operates the Liqhobong Mine in Lesotho and the BK11 Mine in Botswana.  Firestone is also the largest holder of mineral rights in Botswana’s diamondiferous kimberlite fields, controlling approximately 10,000 square kilometres around the major Orapa and Jwaneng mines and the entire Tsabong kimberlite field.  In addition to Liqhobong and BK11, Firestone has 108 kimberlites in its portfolio, of which 30 have been proven to be diamondiferous.

Firestone’s CEO, Tim Wilkes says,

We are very excited about the results of our first tests of the high grade K5 unit at the Main Pipe at Liqhobong.  The recovery of high quality diamonds, including our first fancy yellow and our first pink diamond, confirms that there is much upside to the value of the Main Pipe.

For the complete company news, click here.