Firestone Diamonds PLC Recovery of 70 Carat White Gem Diamond (6874P)

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RNS Number : 6874P

Firestone Diamonds PLC

12 February 2019

12 February 2019

Firestone Diamonds plc

("Firestone" or the "Company")

RECOVERY OF 70 CARAT WHITE GEM DIAMOND

Firestone Diamond plc is pleased to announce the recovery of a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho. This follows after a 46 carat gem diamond that was recovered in December, sold for more than US$1 million at a recently held sale. The 70 carat diamond was recovered undamaged and will go on sale at the next tender which is scheduled to take place during March 2019.

Further details will be included in the Q3 production update.

An image of the diamond is available on the Company's website:

https://www.firestonediamonds.com/sales-marketing/special-stones

Paul Bosma, Chief Executive Officer, commented: "The 70 carat stone was recovered in the northern, low grade part of the pit where the bulk of our mining will take place in the coming months. Although the market for the smaller stones has been under pressure, we've seen continued demand and good prices realised for special stones".

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

 
                                              [phone] 
 Firestone Diamonds plc                        7810 
 Paul Bosma 
  Grant Ferriman 
 
 Macquarie Capital (Europe) Limited           [phone] 
  (Nomad and Broker)                           2000 
 Nick Stamp 
  Nicholas Harland 
 
                                              [phone] 
 Tavistock (Public and Investor Relations)     3150 
 
 Jos Simson 
 Gareth Tredway 
  Annabel de Morgan 
 

About Firestone

Firestone is an international diamond mining company with operations focused in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letšeng Mine, Firestone's Liqhobong Mine, Namakwa Diamonds' Kao Mine and Lucapa's Mothae Mine.

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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February 12, 2019 02:00 ET (07:00 GMT)