Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en

Karelian Diamond Resources

Publié le 23 novembre 2015

Final Results for End of Year 31st May 2015

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Mots clés associés :   Calcium | Chrome |

Final Results for End of Year 31st May 2015


23 November 2015

Karelian Diamond Resources Plc

('KDR' or the 'Company')

Final results for the year ended 31 May 2015 Excellent Progress Made - new kimberlite body discovered

Karelian (AIM: KDR, ESM: KDRI), the diamond exploration company focused on Finland,

announces its results for the year ended 31 May 2015, a year in which highly encouraging progress has been made towards achieving the aim of discovering a world class diamond deposit in Finland.


  • Discovery of a new kimberlite body at Rihiivaara

  • Excellent laboratory sample results

  • Confirmed that the sample material derived from the diamond stability field

  • Rio Tinto analysis confirms presence of G10(D) Garnets which have proven to be positive indicators of diamonds in the past

  • Rio Tinto agreement extended to 2020

Professor Richard Conroy, Chairman, stated:

'The Company made a very important discovery at Rihiivaara during the year where we have identified a new kimberlite body. Analysis of the sample material from Rihiivaara is highly encouraging and we are carrying out further work which we believe will lead to an important new discovery'

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc Tel: +353-1-661-8958 Virginia Bull / Simon Clements, Sanlam Securities UK Limited (Nomad) Tel: +44-20-7628-2200 Ger Heffernan/Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser) Tel: +353-7662-34800 Jon Belliss/ Elliot Hance, Beaufort Securities Plc (Broker) Tel: +44-20-7382-8300

Michael Padley, Lothbury Financial Services Limited Tel: +44-20-3290-0707

Don Hall, Hall Communications Tel: +353-1-660-9377


Chairman's Statement

I have pleasure in presenting your Company's Annual Report and Financial Statements for the financial year ended 31 May 2015. The year has been an excellent one for your Company culminating in the discovery of a new kimberlite body at Rihiivaara near Kuhmo in Eastern Finland close to the Russian border. This discovery is a major step forward in your Company's diamond exploration programme in the Karelian Craton.

The diamond prospectivity of the Karelian Craton is indicated by presence of the world class Lomonosova and Grib Pipe diamond deposits in the Russian Sector of the Craton. Indeed, ALROSA Group, the Russian company which is the world's largest diamond miner, has indicated that this new diamond region will represent almost all of its future growth.

Your Company's objective is to search for diamond deposits in similar geology on the Finnish side of the Karelian Craton. To this end your Company has for some years been conducting an extensive exploration programme for diamonds in Finland. Finland is recognised by the prestigious Fraser Institute as the most attractive jurisdiction in the world for mining investment.

Discovery of New Kimberlite Body

The recovery of high concentrations of kimberlitic indicator minerals ('KIMs') during exploration at Rihiivaara in the Kuhmo region suggests the possible presence in the area of a new kimberlite source.

Laboratory results from a sample collected from the Rihiivaara target in the area showed high concentrations of over 100 KIMs. The results included 48 purple to red peridotitic garnets (G9/10 Cr-pyrope) and 46 orange mantle garnets between 0.25 and 0.5mm in size, plus five purple to red peridotitic garnets (G9/10 Cr-pyrope) and three orange mantle garnets in the 0.5 to 1.0mm size range. G9/10 garnets are considered significant as they are formed at the same temperatures and pressures as diamonds.

Orange mantle garnets can include eclogitic pyrope-almandine garnets (G3) and if eclogite mantle materials are present it is significant, as they may be associated with richer diamond grades.

The indicator minerals were sent for analysis by Scanning Electron Microscopy ('SEM') for precise classification which would determine whether any of the sample material was derived from the diamond stability field.

The results confirmed that the sample material had been derived from the diamond stability field and that eclogitic grains were also present in the sample and raised the prospect of a new kimberlite discovery in an area where your Company, at Seitaperä, has already outlined the largest diamondiferous pipe so far discovered in Finland.

Early in 2015, your Company was delighted to announce that it had discovered a new kimberlite body during follow-up pitting in the area of Rihiivaara where the samples containing high concentrations of kimberlite indicator minerals had been found during our previous exploration work. The material recovered from the pit was confirmed as being kimberlitic by Dr Hugh O'Brien of the Geological Survey of Finland (GTK), an acknowledged expert in the field.

Subsequent analyses by Rio Tinto Mining and Exploration in their Melbourne Laboratories of samples collected by your Company close to this newly discovered kimberlite body identified high category rating diamondiferous kimberlite indicator minerals in the samples. The results included G10(D) Garnets which as they are low calcium chrome pyropes that form within the diamond stability field of the upper mantle, where thetemperature and pressure is suitable for the formation of diamonds, is particularly encouraging.

The discovery of a new kimberlite body opens up the possibility of a new diamond source in the area and is very exciting news for your Company.

Exploration Elsewhere in Finland

Exploration work is also continuing elsewhere on your Company's other exploration licences in Finland, particularly on those located in the Kuopio Kaavi region, a known diamondiferous area.

Kuopio-Kaavi is situated in Central Finland. Five kimberlite bodies are known to be present in the Claim Reservations held by your Company in the area. As part of our re-evaluation of the Kuopio- Kaavi area, we are reassessing these kimberlite bodies, four of which are known to be diamond bearing.

Agreement with Rio Tinto

Your Company has a Confidentiality Agreement (with Back in Rights) with Rio Tinto Mining and Exploration Limited ('Rio Tinto'). I am delighted that this agreement with Rio Tinto has been extended to 2020.

Under the agreement, Rio Tinto discloses to Karelian confidential information and physical geological samples relating to exploration in Finland for the purpose of Karelian considering that information in relation to Karelian's potential and existing exploration programmes in Finland.

In consideration of Rio Tinto disclosing the confidential information to it, Karelian has agreed that Rio Tinto will have the option to earn a 51 per cent. interest in any project identified by Karelian in Finland by Rio Tinto paying the direct cash expenditures incurred in developing the project.


The loss after taxation for the year ended 31 May 2015 was €121,551 (2014: €198,891) and the net assets as at 31 May 2015 were €8,330,073 (2014: €8,406,643).

As in previous years, I have supported the working capital requirements of the Company and the balance of the loans due to me at the period end was €309,589. The loans have been made on normal commercial terms.

The other Directors consider, having consulted with the Company's Nominated Adviser and the Company's ESM Adviser that the terms of these loans are fair and reasonable in so far as the Company's shareholders are concerned.


I would like to take this opportunity to thank the partners and staff of Deloitte for their services to your Company during the course of the financial year.

Directors, Consultants and Staff

I would also like to express my deep appreciation of the support and dedication of the directors, consultants and staff, which has made possible the continued progress which your Company has achieved.

I would like in particular to thank Roger Chaplin, who is retiring, for his excellent contribution to your Company over the years and to wish him well in his retirement.

Future Outlook

Your Company has made highly significant progress in its diamond exploration programme in Finland during the past year. We look forward to building on this success in the coming year.

Professor Richard Conroy


20 November 2015








Finance income - bank interest receivable



Finance costs - Interest on shareholder loan - (8,451)

Loss Before Taxation (121,551) (198,891)

Taxation - -




Loss per ordinary share



Lire la suite de l'article sur www.noodls.com

Karelian Diamond Resources

Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Karelian Diamond est une société d’exploration minière basée en Irlande.

Karelian Diamond détient divers projets d'exploration en Finlande.

Son principal projet en exploration est KUHMO PEURA - AHO en Finlande.

Karelian Diamond est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 70,1 millions GBX (83,9 millions US$, 73,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 9,75 GBX, et son plus bas niveau récent le 15 décembre 2017 à 0,24 GBX.

Karelian Diamond possède 23 378 067 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Rapports annuels de Karelian Diamond Resources
2007 Annual Report
Communiqués de Presse de Karelian Diamond Resources
01/06/2016Diamond Mining Permit Received
04/05/2016Holdings in Company
19/04/2016Acquisition of Diamond Mining Permit over the Lahtojoki Diam...
12/04/2016Indicator Mineral Analysis indicates that the Riihivaara Kim...
23/11/2015Final Results for End of Year 31st May 2015
25/02/2015Half Yearly Results
15/12/2014Result of Annual General Meeting
24/11/2014Publication of Report and Accounts and Extension of Warrants
21/11/2014Final Results Announcement
31/10/2014Diamond Exploration Claim Reservations Granted
16/10/2014New Kimberlite Source Indicated
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
GBX 3,00
27/05 17:40 0,800
Cours préc. Ouverture
2,20 2,80
Bas haut
2,80 2,80
Année b/h Var. YTD
1,91 -  3,91 -20,00%
52 sem. b/h var. 52 sem.
1,91 -  4,75 -39,39%
Volume var. 1 mois
7 300 9,17%
24hGold TrendPower© : -13
Interactive chart Add to compare
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
8,15 AU$-0,97%Trend Power :
Oceana Gold(Au)OGC.AX
3,37 AU$+3,37%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
0,60 US$+18,29%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
0,70 GBX+0,00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$-20,00%Trend Power :
Closes Bridge Loan Financing
3,30 CA$+3,12%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
11,05 CA$+3,76%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,28 CA$-5,08%Trend Power :
Q A April 2017 Quarterly Report
0,28 AU$-1,79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,54 CA$-0,39%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
75,64 US$+2,56%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,04 AU$+14,29%Trend Power :