Karelian Diamond Resources plc said that the Lahtojoki diamond mine boundary will remain in its original position, as ruled by the Finnish Land Court. DECISION The company added that on 12 August, the court also rejected two landowners’ appeals in relation to compensation from the mine development, save for three items which are subject of […]
Tag: Karelian Diamond Resources plc
Karelian raises £329,000 via discounted placing
Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Karelian encouraged by Irish licences’ potential
Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]
Ruling due on Karelian mine compensation
Karelian Diamond Resources plc expects an August court judgement over compensation and the boundary of its diamond mine development at Lahtojoki in Kuopio Kaavi, Finland. Two farmers previously appealed against money owed to them as well as the site boundary. Karelian said that following the court hearing on 21 May, the Finnish Land Court announced […]
Karelian results indicate Kuhmo diamond potential
Karelian Diamond Resources plc said it had indications of the likely source of its green diamond discovery and the potential of the Kuhmo licence in Finland. DEEP MANTLE Electron microprobe analysis results of 60 Kimberlitic garnets, taken from till samples up-ice of the discovery, point to the presence of a “diamond stability field”. The presence […]
Karelian to finalise diamond mine compensation
Karelian Diamond Resources plc expects to finalise two landowners’ compensation appeals relating to the development of a diamond mine at Lahtojoki in Kuopio Kaavi, Finland. CONCESSION The Finnish Land Court has set the date for 21 May in Kaavi, when it will also complete appeals on the mine boundary. The Finnish mining authority TUKES, approved […]