Firestone Diamonds PLC Sale of BK11 Asset - Extension of Option Period (8478Z)

TIDMFDI

RNS Number : 8478Z

Firestone Diamonds PLC

20 December 2017

20 December 2017

Firestone Diamonds plc

("Firestone", the "Group" or the "Company")

Sale of BK11 Asset - Extension of Option Period

Firestone Diamonds (AIM: FDI), a new diamond producer with operations focused in Lesotho, announces that, as provided for in the contractual agreements between the parties, the Group has agreed to extend the option period granted to Amulet Diamond Corporation ("Amulet") to purchase Firestone's BK11 asset until 31 December 2018.

BK11 is a diamond asset in Botswana, currently on care and maintenance. As previously announced, Amulet is funding the construction and operation of a bulk sampling plant at the BK11 mine during the option period to further assess the deposit. Amulet has made steady progress towards completing the bulk sampling plant but due to unforeseen equipment delivery delays, Amulet requested an extension to the option period which has been granted by Firestone.

For more information please visit www.firestonediamonds.com or contact:

 
                                        +44 (0)20 
 Firestone Diamonds plc                 8741 7810 
 Stuart Brown 
 
 Macquarie Capital (Europe) Limited     +44 (0)20 
  (Nomad and Broker)                    3037 2000 
 Nick Stamp 
  Nicholas Harland 
  Guy de Freitas 
 
 Tavistock (Public and Investor         +44 (0)20 
  Relations)                            7920 3150 
 Simon Hudson 
 Jos Simson 
 Barney Hayward 
 

-ends-

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December 20, 2017 02:00 ET (07:00 GMT)