AGM Statement

 

TIDMWAD 
 
RNS Number : 9196C 
West African Diamonds PLC 
23 November 2009 
 
 
 
 
 
 
 
23rd November 2009 
 
 
Highlights of the Chairman's statement 
made at the Annual General Meeting of West African Diamonds, 
London, 12 noon, 23rd November 2009 
 
 
  *  The planned merger with Stellar Diamonds is proceeding well. A relisting of the 
  new enlarged entity is planned for early February 2010. It will create a bigger 
  diamond producer, capable of delivering a robust cash flow, holding an exciting 
  portfolio of advanced kimberlite projects. 
 
  *  The new company will have: 
 
  *  Two producing alluvial diamond mines in Guinea, Bomboko and Mandala, with a 
  resource base of over 1.5 million carats 
  *  An advanced stage diamondiferous kimberlite exploration project at Droujba in 
  Guinea 
  *  A joint venture with Petra Diamonds on the Koidu dykes in Sierra Leone 
  *  A joint venture with Thunderball on the Pipe 3 kimberlite pipe and adjacent 
  dykes in Koidu 
  *  A 5% royalty interest on the Plant 11 undersize tailings project in Sierra Leone 
  *  Highly prospective diamond ground on the Tongo dykes in Sierra Leone 
 
  *  The combined management team has extensive experience in diamonds in West 
  Africa. 
 
  *  The new enlarged entity will be better placed to take full advantage of the 
  merger and growth opportunities available in West Africa and elsewhere. 
 
Enquiries: 
 
 
+----------+----------+----------------------------------+-------------------------+ 
| West African        |                                  | 
| Diamonds plc        |                                  | 
+---------------------+----------------------------------+ 
|                     | John Teeling, Chairman           |  + 353 1 833 2833       | 
+---------------------+----------------------------------+-------------------------+ 
|                     | James Campbell, Deputy Chairman  |  [phone]        | 
+---------------------+----------------------------------+-------------------------+ 
| Astaire Securities  | [phone]              | 
| plc                 |                                  | 
| Lindsay Mair        |                                  | 
+---------------------+----------------------------------+ 
| College Hill        | [phone]             | 
| Nick Elwes          |                                  | 
+----------+----------+----------------------------------+-------------------------+ 
 
 
www.westafdiamonds.com 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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